MB Azweb is implementing the project "Development of export markets for MB Azweb through participation in exhibitions" No 02-036-K-0050. The total value of the project is EUR 190 951,00, of which EUR 95 475,50 is from the Recovery and Resilience Facility.

The project is implemented under the Contract, Progress Measure No. 05-001-01-11-04 "Implementation of measures to promote the growth of export competitiveness" in the description of the activity "Promotion of activities for the internationalisation of SME activities and the identification of new export markets (Central and Western Lithuania region)", approved by the Order of the Minister of Economy and Innovation of the Republic of Lithuania of 9 August 2023, No.  The conditions and procedures set out in the Order of the Minister of Finance of the Republic of Lithuania of 22 June No. 1K-237 "On the Implementation of the Investment Programme for European Union Funds for the period 2021-2027 and the Economic Recovery and Resilience Improvement Plan "New Generation Lithuania"" and the EU and Republic of Lithuania legal acts referred to therein.

The project activities are aimed at promoting the export of Azweb's products, finding and expanding new export markets, and increasing the company's competitiveness.

The investments are planned to be used for the presentation of the SME and its products at international exhibitions abroad.

Azweb MB is a company active in computer programming. The company aims to increase its turnover by seeking foreign markets, and in order to expand exports on a larger scale, it needs to present its products in a comprehensive way at exhibitions, which requires significant investment. The company is not in a position to implement the project from its own resources and therefore requires external support, as there is an untapped opportunity for export expansion. The objective of the project is to ensure the emergence of new export markets, thus contributing to the diversification of the company's markets and risks, the increase in turnover, exports, competitiveness and the overall growth of Lithuanian export volumes.

It is planned that participation in international exhibitions related to the company's services will help to find potential customers and partners in foreign countries who will appreciate the quality of services and experience of Azweb. The company already exports its services, but is looking to make better use of its potential and therefore intends to expand its exports by participating in exhibitions. There is already interest from foreign countries. The exhibitions have been chosen for their thoughtfulness and for the broad spectrum of exhibitors and visitors. The main export destinations are the neighbouring countries and countries with a high level of IT development and huge development potential in the IT sector. By establishing the necessary contacts in these markets in good time, a significant market share can be expected.

The company estimates that the project will result in an increase in the value of the company's exports by an accumulated amount of EUR 403 507 over the 3 years following the project.

The project activities are scheduled to be completed in October 2026.