News/Press

EBRD President Sir Suma Chakrabarti (left) heard about the progress of the EU4Business-EBRD joint financing programmes for SMES on his visit to Georgia.
The President of the European Bank for Reconstruction and Development , Sir Suma Chakrabarti, visited Georgia on 5 and 6 September to discuss ways of further strengthening the country’s economic performance. Sir Suma met Prime Minister Giorgi Kvirikashvili and other top government ministers and was a guest at a session of the Investors’ Council , a platform for public-private dialogue set up by...
Enterprise Georgia, in cooperation with the German Federal Ministry for Economic Affairs and Energy, and with the support of GIZ, is opening registration for The Manager Training Programme in Germany. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is entrusted to lead the programme. The GIZ offers a four-week practice-oriented specialist training programme for English-...
Evening cityscape in Tbilisi
Since 2011, the European Investment Bank Group (EIB) and ProCredit have jointly improved access to long term finance for SMEs in Georgia. So far, 872 projects of small and medium businesses received EIB financing, totalling EUR 25 million, through ProCredit Bank Georgia. “Unlocking the potential of the private sector in Georgia through availability of affordable, long term financing for...
Vineyards in Georgia’s Kakheti region, whose wines are among those featured in the new online platform.
Winemakers in Georgia have launched an online information platform sharing details of over 100 wines for sale in the country - thanks to support from the EU4Business East Invest 2 project. The Competence Centre for Wine, Wine Marketing and Grape Products (CCWMG) came out of a Business Support Organisation (BSO) twinning project between the Georgian Wine Association and the Bulgarian Chamberr of...
Evening cityscape of Tbilisi © European Commission
Georgia
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Prime Minister Giorgi Kvirikashvili and EU Ambassador Janos Herman jointly launched a new information portal on all DCFTA related matters. The site is hosted by the Ministry of Economy and Sustainable Development of Georgia. It was developed with the support of the EU–GIZ Project ‘SME Development and DCFTA in Georgia’. The website is online since June 19th and provides detailed information on all...
The EIB launched two new programmes to boost private sector development in Georgia at a seminar in Tbilisi on 8 May: DCFTA Initiative East and InnovFin.
The European Investment Bank has launched two new programmes, developed jointly with the European Commission, to help private sector development in Georgia. It presented the programmes - DCFTA Initiative East (part of the wider EU4Business initiative) and InnovFin (EU Finance for Innovators) – at a high-level seminar under the EU4Business initiative in Tbilisi on 8 May. The event attracted around...
A new USD 100 million financing package organised under the EU4Business programme will enable the European Bank for Reconstruction and Development (EBRD) to provide further support to Georgian SMEs. The funding, in the national Lari currency, will be fed through TBC Bank , one of Georgia’s major financial entities. USD 60m of the amount is designed to help SMEs comply with the requirements of the...
Global competitiveness key for Georgian SMEs
A new financial package from the European Union is bringing new opportunities for Georgian SMEs and supporting their operations abroad The EBRD has allocated a USD 50 million credit facility in the Georgian national currency, the lari, to Bank of Georgia. The financial package is to help local SMEs invest in improvements to product quality and modernise their services to meet EU standards, said...
A ministerial meeting on the Digital Community was held this week in Brussels.
Georgia and the European Union (EU) are collaborating on a range of digital issues aimed at generating economic growth, creating new jobs, improving people’s daily lives and building a better environment for doing business in. To advance the Digital Community between the EU and Eastern Partnership countries, ministers from Georgia, Armenia, Azerbaijan, Belarus, Moldova and Ukraine recently met...
Improving SME product quality
Georgia
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EU4Business, the European Bank for Reconstruction and Development (EBRD) and the Bank of Georgia have joined forces to launch a new financing facility to support local SME development The EBRD, in partnership with the Bank of Georgia, has launched a new EBRD-EU financing facility to support local SME development, in the context of the country’s Association Agreement and Deep and Comprehensive...