Success stories

Harnessing the possibilities of the web opens up new business expansion opportunities for companies through direct interaction with their clients. Those who are aware of this cannot lose. Chișinău-based Vitra, a company specialising in designing and manufacturing commercial and industrial furniture is now convinced of this. With support from the European Bank for Reconstruction and Development (...
In an age dominated by information technologies, keeping people interested in reading is becoming a real challenge. Since books are still the best way of passing on knowledge, the only solution open to publishers is to move with the times and use the new virtual tools to add value to books. In the Republic of Moldova, the EBRD’s Advice for Small Businesses , which is financed by the European...
Ilie Tricolici has invested to expand his livestock business
“Things change and you have to adapt. When you are lucky enough to build your life around your business and your business around your life, you want to choose the right partner for financial matters,” says livestock farmer Ilie Tricolici, who managed to grow his business by borrowing from Microinvest – a micro-finance organisation with funds from the European Fund for South East Europe (EFSE) and...
“What defines us is how well we rise after falling.” This quote describes perfectly the wine industry of the Republic of Moldova, which slowly but surely has found the strength to recover after the Russian Federation’s embargoes, imposed first in 2006 and then in 2013. The wine export restrictions imposed by Russia in 2006, at a time when Russia was the main market for Moldovan wines and...
There are many ingredients that go into making good wine: the grape varieties, the terroir – that mythical combination of soil, topography, and climate – and of course the expertise of the winemaker. But behind the glamour and the heritage, winemaking is also an industry that requires its entrepreneurs to have the right equipment for the job. With the support of EU4Business , two companies in the...
“It is very hard to compete with European producers such as France, Italy or Spain, but it is not impossible!” … especially with the help of EU4Business. Dmitry Gheorgiev, the administrator of Agrogled SRL, has invested more than €4 million in planting new varieties of grapes and buying wine-making equipment and technology in southern Moldova, thanks to EU4Business and the European Investment...
With funding from the European Union and Sweden, the EBRD helped Vestra to transform their clothing patterns development process and to grow their business, enabling them to create over 200 new patterns, to cut development time and to reduce fabric waste. The EBRD helped Vestra to transform their process for developing clothing patterns and to grow their business. Working with a local technology...
Oldcom’s manufacturing facilities
A Moldovan footwear manufacturer is growing its business substantially with help from the European Bank for Reconstruction and Development Advice for Small Businesses programme . Chisinau-based Oldcom SA has been able to open three new shops, increase revenues by 10%, launch 50 new items of footwear, and begin exporting to the neighbouring Ukrainian market – thanks to productivity improvements in...
Women and a man sitting around a desk in an office
Representatives of Moldova’s Chamber of Commerce and Industry (CCIRM) have taken part in a European Union (EU) Twinning programme, visiting their counterparts in Brussels and coming away with valuable ideas and tips on how to improve the support and services the CCIRM offers its own business community. East Invest 2, a project being supported by the EU, is assisting the CCIRM with learning from...
Moldova
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EBRD and EU open up trade opportunities for winery Vinaria din Vale By Volker Ahlemeyer Moldova ’s wine-makers are only partly known in European countries. And yet they can look back on a proud 4,000-year-old tradition of cultivating grapes in the country’s river valleys. It is thus not a surprise that Moldova boasts some enormous wine cellars, including the world’s largest, Milestii Mici,...