The EU4Business Initiative is a flagship program of the EU supporting the development of small and medium-sized enterprises (SMEs) in the six eastern partnership countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine). GFA´s project, the EU4Business Facility, supports the EU in monitoring and communicating the impact of the many individual projects contained within the EU4Business Initiative. In concrete terms, the project aims to
- support the steering and coordination of overall activities under the EU4Business Initiative;
- ensure the regular monitoring of EU4Business activities, including through the publication and presentation of annual reports with consolidated data on achievements;
- assess the impact of activities and the results of the projects under EU4Business regional and bilateral programs, based on predefined indicators; and
- maximize outreach, including through the management of the Initiative’s website and participation of project staff in relevant events.
The project thereby aims to improve coordination with the projects under the EU4Business initiative and to inform and engage key stakeholder groups, such as SMEs, IFIs, government bodies, Business Support Organizations, universities and future entrepreneurs.