News/Press

Château Mukhrani
A training on agritourism development took place at the end of April at Château Mukhrani in Georgia, supported by the European Bank for Reconstruction and Development , with funding from EU under the EU4Business initiative. More than 20 representatives from micro businesses learned how to use opportunities created by raising visitor flow to the country and to Mukhrani in particular. Along with...
Georgia on European Way
The EU4Business project ‘Georgia on European Way: Creation of Effective Model for DCFTA and SME Strategy Implementation’ has issued a call for project proposals from Georgian civil society organisations. The deadline for applications is 31 May. The EU-funded project aims to increase and support Georgian civil society organisations’ role in raising public awareness, understanding and support for...
Up to 1,150 advisory projects with local small and medium-sizes enterprises (SMEs) have been implemented by the Advice for Small Businesses (ASB) team of the European Bank for Reconstruction and Development (EBRD) since the launch of the programme in 2003, in Georgia. Around half of the projects were carried out outside the capital city, and about one-fifth of the enterprises were led and/or...
On 21 March, the EU presented its External Investment Plan (EIP) at a regional launch event in the Georgian capital Tbilisi. Under this plan, the EU will mobilise investments from the public and private sector from 2017 to 2020 for more than 70 economies around the world, including Georgia and the other Eastern Partner countries. The EIP will aim to boost investment and support more inclusive and...
Tbilisi
The European Bank for Reconstruction and Development (EBRD) and the European Union are extending their support to small and medium-sized enterprises (SMEs) in Georgia , Moldova and Ukraine to a total of almost €1.1 billion in credit lines and trade finance and €58.3 million in EU grants. At a high-level conference in the Georgian capital Tbilisi, Katarína Mathernová, Deputy Director-General for...
Starting this year, Georgian businesses will prepare and publish management reports for the first time, as part of reform in accounting and audit practices that aims to achieve greater transparency on the Georgian market, expanding investment prospects and simplifying access to credit. To support local companies, the Georgian Service for Accounting, Reporting and Auditing Supervision (SARAS),...
Grants for participation in large-scale brokerage events for Horizon 2020
Researchers from the Eastern Partnership region, including from industry and SMEs, have the opportunity to apply for EU grants for participation in large-scale brokerage events and similar activities related to the EU’s Horizon2020 programme for research and innovation. The aim of the grant scheme is to extend scientific networks between EU Member States/non-EaP Associated Countries and EaP...
The OECD held a first meeting of a public-private working group on 15 February 2018 in Tbilisi, Georgia, which focused on the monitoring system as a key aspect of an effective implementation of the country's SME Development Strategy. The meeting was part of the EU4Business project ‘From Policies to Action’. The purpose of the Working Group meeting was to discuss Georgia’s current monitoring...
GLS Bank has made its second investment in the European Fund for Southeast Europe (EFSE). With its purchase of €27.9 million in EFSE notes, the bank is continuing to join forces with EFSE to ensure access to financing for micro and small enterprises and to support low-income private households in Southeast Europe and the European Eastern Neighbourhood Region, where it operates under the...
The European Investment Bank (EIB) and the European Investment Fund (EIF) – jointly the EIB Group – on 29 November signed guarantee agreements with TBC Bank in Georgia to support the equivalent of over €90 million of lending to Georgian small and medium-sized enterprises (SMEs), in the framework of the EU4Business initiative. The EIB also signed its first microfinance investment in the country,...