News/Press

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...
EU creates online platform for winemakers
The new database will provide a range of information on Georgian wine producers and help them to explore export opportunities in the EU New opportunities are opening for Georgian winemakers and wine-lovers through a new EU-funded programme to spur growth in exports of Georgian wine to the EU market. The new online database being developed will provide a range of information about wine producers...