News/Press

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,...
The 5th Eastern Partnership Summit took place in Brussels on 24 November, marking the achievements of the last two years in the EU's relationships with its six Eastern partners, while looking forward to implementing 20 deliverables by 2020 that will bring tangible benefits to citizens, including significant pledges in the area of business support. The Summit brought together Heads of State or...
Brussels, 24 November 2017 The 5th Eastern Partnership Summit took place today in Brussels. It was a moment to celebrate the achievements of the last two years in the EU's relationships with its six Eastern partners, and to look forward to implementing 20 deliverables by 2020 that will bring tangible benefits to citizens. The Summit, held at the level of Heads of State or Government, brought...