News/Press

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...
On the eve of the 5th Eastern Partnership (EaP) summit in Brussels, EUROCHAMBRES – the Association of European Chambers of Commerce and Industry and a key partner of the EU4Business initiative in the East Invest programme – has called for a strong political engagement of the European Union in the EaP countries, and underlined the importance of further economic reforms, development of the private...
The 5 th Eastern Partnership (EaP) summit will take place in Brussels on Friday, 24 November, bringing together heads of state and government from EU member states and the six Eastern partner countries. Among the priority areas to be discussed are economic development and better market opportunities. The leaders will look forward to future cooperation, as well as taking stock of what has been...
A Georgian Furniture Cluster – the first formally established business cluster in Georgia – was officially launched on 27 October in Tbilisi. The establishment and development of this cluster is supported by an EU- GIZ project on ‘ SME Development and DCFTA in Georgia ’ implemented under the EU4Business Initiative. The Georgian Furniture Cluster (GFC) now connects 25 local SMEs in the sector of...
The European Investment Bank (EIB) and the European Investment Fund (EIF) – jointly the EIB Group – signed today the first guarantee agreements with ProCredit Holding and its subsidiaries in order to support EUR 100 million of lending to small and medium-sized enterprises (SMEs) in Georgia, Moldova and Ukraine under EU4Business initiative. These agreements will enable the ProCredit banks in these...
EBRD President Sir Suma Chakrabarti (left) heard about the progress of the EU4Business-EBRD joint financing programmes for SMES on his visit to Georgia.
The President of the European Bank for Reconstruction and Development , Sir Suma Chakrabarti, visited Georgia on 5 and 6 September to discuss ways of further strengthening the country’s economic performance. Sir Suma met Prime Minister Giorgi Kvirikashvili and other top government ministers and was a guest at a session of the Investors’ Council , a platform for public-private dialogue set up by...
Enterprise Georgia, in cooperation with the German Federal Ministry for Economic Affairs and Energy, and with the support of GIZ, is opening registration for The Manager Training Programme in Germany. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is entrusted to lead the programme. The GIZ offers a four-week practice-oriented specialist training programme for English-...
Evening cityscape in Tbilisi
Since 2011, the European Investment Bank Group (EIB) and ProCredit have jointly improved access to long term finance for SMEs in Georgia. So far, 872 projects of small and medium businesses received EIB financing, totalling EUR 25 million, through ProCredit Bank Georgia. “Unlocking the potential of the private sector in Georgia through availability of affordable, long term financing for...