The European Union will launch a new regional investment project East Invest during a conference in Brussels on Thursday, March 31. The aim of the new project is the economy development of member-countries of the program "Eastern Partnership" (Azerbaijan, Belarus, Georgia, Armenia, Moldova and Ukraine). The project budget will amount to €8.75 million.
European Commissioner for Enlargement and European Neighbourhood Policy, Stefan Fule, has informed that the program «will support the economic transformation of the member-countries of «Eastern Partnership» on the way of their economic integration with the EU,» including through improvement of the working conditions of small and medium-sized enterprises in the region.
As explained in the EU representation in Belarus, the initiators of the project plan to establish links between public and private organizations of the EU and member-countries of «Eastern Partnership» mainly due to the development of dialogue between them and advising of the private sector. East Invest project organizers plan to exchange best practices between the parties, to establish partnership relations between them and gradually develop the capacity of organizations of «Eastern Partnership» member-countries, supporting small and medium-sized businesses.