News/Press

24 June, 2019, Tbilisi – 6,000 SMEs in Georgia’s regions have been consulted and trained on DCFTA related issues via DCFTA Information Centre services offered by the Georgian Chamber of Commerce and Industry (GCCI). Local entrepreneurs are now better equipped to compete on domestic market and take advantage of the opportunities provided by the free trade area with the EU. Results of the DCFTA...
13-day expert mission to Georgian hazelnut, dried fruit and tea companies
From 18-30 May international consultants from the International Trade Centre carried out an expert mission in the Western Part of Georgia, visiting 16 project beneficiary companies from the hazelnut, dried fruit and tea sectors. The visits were organised in the framework of the Ready to Trade project, funded by the European Union under its EU4Business initiative. The intensive 13-day expert...
Georgian ICT Companies Connect with Estonian and Latvian Counterparts in the B2B Exchange Event
Georgian ICT companies had an opportunity to meet leading counterparts from Estonia and Latvia at an International ICT B2B Exchange event in Tbilisi on 5 June, supported by the Ministry of Economy and Sustainable Development of Georgia and the EU4Business initiative. The event was organised jointly by Georgia’s Innovations and Technology Agency (GITA), Enterprise Georgia, the ‘SME Development and...
Project to Enhance Financial Inclusion and Accountability in Georgia, supported by the European Union and the World Bank
The European Union pledges €4.5 million through the Georgia Financial Inclusion and Accountability project, which will be implemented by the World Bank. On 24th May the European Union (EU) and the World Bank launched the Georgia Financial Inclusion and Accountability (FIA) project, at an event held at Tbilisi Marriott Hotel. The project is designed to support ambitious second-generation reforms...
The DCFTA Initiative East Guarantee Facility provides loans for SMEs
Five hundred and ninety loans have been issued for a total amount of €92 million in Georgia, the Republic of Moldova and Ukraine under the European Investment Bank’s DCFTA Initiative East Guarantee Facility, which benefits from financial support from the European Union under the EU4Business initiative. The first newsletter on the impact of the Guarantee Facility until December 2018 said 64% of...
Empowering Georgian hazelnut companies to trade more and better
On 18-24 May, a consultant from the International Trade Centre is visiting Georgian hazelnut and dried fruit producers in Tbilisi and Zugdidi to determine and finalise individual strategies for companies to work with buyers from the European Union. A practical training is included as part of the visit. The visit and the training are organised by the International Trade Centre ‘Ready to Trade’...
Tbilisi Art Fair (TAF)
Tbilisi Art Fair (TAF) this year will provide an opportunity to promote contemporary product design in Georgia as one of the directions of industrial design. An exhibition of the Georgian product design will open at the Museum of Modern Art (MoMA Tbilisi) and will run through 19th of May. The exhibition is oganised under the Design Georgia brand with support from Enterprise Georgia, an agency...
Georgian companies at the International Food and Drink Event in London
Five companies from Georgia exhibited their goods and found new buyers at the International Food and Drink Event (IFE) in London on 17-20 March, with support from the International Trade Centre’s Ready to Trade project, funded by the European Union’s EU4Business initiative. Companies presented a variety of products including hazelnuts, juices and teas. Together with Enterprise Georgia, ITC helped...
EFSE’s main target group is micro and small enterprises (MSEs) and low-income households
The European Fund for Southeast Europe (EFSE) has announced the expansion of its fund structure to promote lending in local currencies. Backed by a contribution of €44 million from the European Union’s EU4Business initiative, and €12 million from the German Federal Ministry of Economic Cooperation and Development (BMZ), the new ‘L-shares’ will be used to enhance local currency financing in the...
The Georgian stand at BioFach 2019
Companies from Georgia secured more than €600,000 worth of orders from international buyers at BioFach 2019, the world’s leading trade fair for organic products, in Nuremberg, Germany. The participating companies are beneficiaries of the International Trade Centre’s ‘Eastern Partnership: Ready to Trade’ project, funded by the European Union under its EU4Business initiative, which aims to connect...