EU4BUSINESS IN GEORGIA

SMEs play a significant role in Georgia’s economy, accounting for over 40% of employment, but are still struggling to scale up their operations. EU4Business supports the government's ambitious plan to reform and improve the business environment. Its programmes boost SME growth by improving their access to finance and new markets as well as targeting women entrepreneurs and projects in green energy. SMEs looking to make the most of Georgia’s Free Trade Agreement with the EU can also get financial and technical help to adapt to EU standards and to move into foreign markets.

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About this initiative The evaluation will examine the costs and benefits of the EU’s “Deep and Comprehensive Free Trade Area Agreements” with Georgia and Moldova. These are part of the Association Agreement each country has with the EU. The study...

Success stories

A livestock service center in Tbilisi started up 2001 by three students of veterinary medicine has been able to expand into a diversified company called the Invet Group. Invet now offers veterinary and pet products and services, as well as animal feed and supplements. With EU4Business support, the EBRD’s Advice for Small Businesses co-financed purchase and customization of a software solution...
How did an abandoned building in the heart of Georgia turn into a modern international hotel in just a couple of years? In addition to savvy owners, €2.6 million of financing and consultations under the EU4Business-EBRD credit line helped Levan Eristavi convert rubble into an EU-standard hospitality business, generate 65 new jobs, and attract thousands of tourists to the region. From London to...
Georgia
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With funding from the European Union under its EU4Business initiative, EBRD Advice for Small Businesses team helped an animal feed producing company in Georgia introduce quality management system to further foster food safety standards and increase competitiveness at home and abroad. Nutrimax is a Georgian company nestled in the capital and which specialises in producing domestic animal feeds...