EU4BUSINESS IN GEORGIA

SMEs play a significant role in Georgia’s economy, accounting for over 40% of employment, but are still struggling to scale up their operations. EU4Business supports the government's ambitious plan to reform and improve the business environment. Its programmes boost SME growth by improving their access to finance and new markets as well as targeting women entrepreneurs and projects in green energy. SMEs looking to make the most of Georgia’s Free Trade Agreement with the EU can also get financial and technical help to adapt to EU standards and to move into foreign markets.

News/Press

EU-Ukraine Summit in Kiev on 13 July 2017. Pictured, left to right: Donald Tusk, President of the European Council; Volodymyr Groysman, Prime Minister of Ukraine, and; Jean-Claude Juncker, President of the European Commission.
The EU and Ukraine have signed an Association Agreement, including a Deep and Comprehensive Free Trade Area, to come into force on 1 September 2017. The AA provides the blueprint for Ukraine's ambitious reform path and will foster trade and...

Success stories

A woman sewing © EBRD
by Nina Tsintsadze With joint EBRD and EU credit line, Fashion House Materia tailored its business to meet EU standards “Materia” means fabric in Georgian, without doubt a winning name for a fashion house based in Tbilisi. The local brand offers its customers the premium clothing line Materiel and more affordable products under the Dots line. The company also works closely with the government of...
Qartli Wind Farm is generating millions of kWh of green electricity per month for Georgia since it became fully operational on 27 January 2017.
Georgia’s first wind farm is now efficiently supplying clean energy to the country’s electricity grid - thanks to a USD 3.6 million loan from the EU4Business Green for Growth Fund (GGF). The 20-Megawatt Qartli wind farm, in the municipality of Gori in central Georgia, is the country’s first such facility. Comprising six 3.45 MW Vestas V117 turbines, it finished testing and became fully...
Omar and two of his employees at the new dental surgery in Rustavi, Georgia, which he opened with the help of a loan arranged through the EU4Business programme.
A €40 000 bank loan arranged through the European Fund for Southeast Europe (EFSE) has allowed Omar Baxturidze to expand his dental practice in Rustavi, Georgia. Omar took out the loan in March 2014 with one of EFSE’s partners in Georgia, Bank Republic. “After years of renting premises, I finally invested in a practice to own outright,” he explained. “My advisors at Bank Republic laid out a...