News/Press

The Georgian juice and tea booth at Sial Paris 2018
Thirteen Georgian companies took part in the SIAL international food exhibition in Paris last month, with the support of EU4Business, with contacts leading to dozens of confirmed orders worth a total value of €4 million. The International Trade Centre (ITC), together with Enterprise Georgia, supported helped the Georgian companies to attend within the framework of the ‘ Eastern Partnership: Ready...
Ludi Batumuri brewery
The Ludi Batumuri brewery has been producing beer since 1951. Now, its original equipment, designed by Czech specialists, stands side by side with new state-of-the-art equipment, bought with the help of an EU4Business investment loan. The Ludi Batumuri brewery was the destination for one of the first field visits by the new Head of the EU Delegation in Georgia, Ambassador Carl Hartzell, who...
EBRD launches Trade Ready, a new support initiative in Georgia
With EU funding under EU4Business, the EBRD this week launched Trade Ready in Georgia – a new trade support initiative aimed at small and medium-sized enterprises (SMEs) working to improve their competitiveness to succeed in international markets. Supported by donor funding from the European Union under its EU4Business initiative, Trade Ready has been designed to facilitate access to finance and...
The international Trade Centre is organising the participation of 32 agro-processing companies from Armenia, Azerbaijan, Georgia and Ukraine in the SIAL International Food Exhibition in Paris on 21-25 October, within the framework of the EU4Business ‘Ready to Trade’ project. The objective is to present the companies and their products to the EU market and establish business links with EU buyers...
Financial education programme for entrepreneurs in Georgia
As part of Georgia’s ‘Year of Financial Literacy’, the National Bank of Georgia (NBG) has developed a financial education programme for micro and small enterprises together with the Development Facility of the European Fund for Southeast Europe (EFSE DF), and with the involvement of the Export Development Association (EDA). Implementation began in July 2018, with experts from the EDA training...
EIB supports hundreds of small and medium-sized businesses and water projects in Georgia
The European Investment Bank (EIB) has agreed to lend €30 million to TBC Bank, the largest bank in Georgia, in order to broaden the access to finance of Georgian small and medium-sized enterprises (SMEs), which represent more than 90% of companies active in the country. The EIB funds will be provided in the framework of the European Union’s EU4Business initiative, designed to support SMEs in the...
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...