News/Press

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...
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...
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...