The EU4Business Initiative is the EUs flagship program to support the development of small and medium-sized enterprises (SMEs) in the six Eastern Partnership countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine). GFAs project, the EU4Business Facility, supports the EU in monitoring and communicating the impact of the many individual projects included in the EU4Business Initiative. Specifically, the project aims to
- support the steering and coordination of the overall activities of the EU4Business initiative;
- ensure regular monitoring of EU4Business activities, including through the publication and presentation of annual reports with consolidated data on achievements;
- assess the impact of the activities and the results of the projects of the EU4Business regional and bilateral programs on the basis of pre-defined indicators; and
- maximize visibility, including through the management of the Initiatives website and the participation of project staff in relevant events.
The project aims to improve coordination with projects under the EU4Business initiative and to inform and involve key stakeholders such as SMEs, IFIs, government agencies, business support organizations, universities and future entrepreneurs.