News/Press

Meliora Responsible Business Awards
Companies in Georgia have until 10 October to enter the 2018 Meliora Responsible Business Awards , an annual Corporate Social Responsibility Excellence Contest organised as part of the EU-funded ‘Georgian Civil Society Sustainability Initiative’. The contest is organised in collaboration and with the support of various business associations and aims to promote responsible business conduct in...
The European Commission has signed a Memorandum of Understanding with Georgia for Macro-Financial Assistance (MFA) of up to €45 million to help Georgia cover part of its external financing needs and support economic reforms. “Georgia has shown strong and lasting commitment to economic reform, which the EU has consistently supported and fostered,” said Pierre Moscovici, EU Commissioner for...
Hazelnuts are among the sectors supported by the project in Georgia
The International Trade Centre (ITC) has officially launched the EU4Business ‘Ready to Trade’ project in Georgia. The launch event saw a presentation to the business community, institutions and government officials the key features of the project in Georgia, including the main findings of the value chain analysis for the selected product groups and the roadmap of project activities. In Georgia,...
Bridging the Gap: EFSE impact report
The European Fund for Southeast Europe (EFSE) released its Impact Report today, showcasing the fund’s accomplishments in supporting entrepreneurs as the drivers of micro and small enterprises (MSEs) – the economic backbone of the fund’s target regions. EFSE aims to foster economic development and prosperity in Southeastern Europe and in the European Eastern Neighbourhood region – where it...
An ICT Cluster has been established by an EU4Business project implemented in Georgia
A strategy for the development of a Georgian ICT Cluster was discussed at a workshop recently hosted at the Tbilisi Tech Park by Georgia’s Innovation and Technology Agency (GITA), with the support of the EU-funded SME Development and DCFTA in Georgia project, implemented by GIZ in the framework of the EU4Business initiative. The cluster has been established as part of the project’s business...
Students in Support of Social Enterprises
The Centre for Strategic Research and Development of Georgia (CSRDG) recently held an award ceremony for the winners of its annual competition ‘ Students in Support of Social Enterprises ’. The competition was organised as part of the EU-funded project Social Entrepreneurship – Innovative Approach for Economic and Social Changes . "Social enterprises have the potential to have real social impact...
Commissioner Johannes Hahn
The EU and the six Eastern Partner countries have agreed to step up their cooperation on the digital economy, adopting a road map on reducing roaming charges, addressing the cybersecurity threat in a coordinated manner, and expanding e-services to create more jobs in the digital industry. Speaking in Minsk, Belarus, where he was taking part in the 10th Eastern Partnership Informal Partnership...
A joint meeting on the monitoring of the SME development strategy of Georgia and the launch of the third cycle of the Small Business Act for Europe (SBA) assessment took place on 7 June 2018 in Tbilisi, during a meeting of the Private Sector Development Advisory Council. The meeting was organised by the OECD in the framework of the EU-funded project ‘ EU4Business: From Policies to Action ’. The...
Strengthening Auditing and Reporting in the Eastern Partnership
A series of events aimed at strengthening the accounting and auditing profession in Georgia took place in Tbilisi last month, as part of the Strengthening Auditing and Reporting in the Eastern Partnership programme, funded by the EU under its EU4Business initiative and implemented by the World Bank. Joining forces with the Service for Accounting, Reporting and Auditing Supervision (SARAS) and the...
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...