For two decades, from the mid-1980s until the mid-2000s, globalization of production through rapid expansion of international trade was incontestably the dominant economic trend across developing and high-income economies. After strong economic headwinds in recent years, economies in Europe and Central Asia (ECA) are returning to a more stable growth path.

With funding from the European Union under its EU4Business initiative, the EBRD worked with Azza, a gourmet cake-maker in Azerbaijan, to improve their production processes and increase efficiency with the help of international advisers from Belgium and the Netherlands.

With funding from the European Union under its EU4Business initiative, the EBRD worked with ABC Pharmacia, one of the main suppliers of pharmaceuticals in Georgia, to put the right tools in place to support their growth, with the help of an international consultant from Austria, provided as part of the EU4Business Advice for Small Businesses programme.

A video highlighting the Deep and Comprehensive Free Trade Area (DCFTA) between the EU and Georgia, what it means for Georgian businesses, what they need to do to best take advantage of the DCFTA, the investments they need to make to meet standards and become more competitive, and how the EU is helping them to do that through €45 million worth of programmes implemented in Georgia under the EU4B

A video highlighting EU-Armenia cooperation in the business sector: under its EU4Business initiative, the EU is contributing to the development of a conducive business and economic environment and supports directly hundreds of businesses with technical and financial support, with more than €30 million in ongoing projects, while access to the EU’s Horizon 2020 and COSME programmes also provide a