The EBRD will provide a €25 million loan to the TBC Bank in Georgia for on-lending to local firms. At least 70 per cent of this funding aims to help micro-, small, and medium-sized enterprises (MSMEs) in Georgia become greener and more competitive.
The EU will complement the loan with grants and free technical assistance for those who borrow, under its EU4Business initiative.
The package will allow companies to upgrade their products and services and bring them in line with EU standards. It will also modernise their production and assist them to operate more successfully in foreign markets.
The support is being extended under the EU4Business-EBRD Credit Line, a joint financing instrument available in Armenia, Georgia, Moldova and Ukraine, which aims to make local firms greener and more competitive. Since the launch of the programme in 2016, 170 Georgian companies have benefited from the scheme.
Find out more
More campaign pages:
Interested in the latest news and opportunities?
This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a B&S Europe-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.
The information on this site is subject to a Disclaimer and Protection of personal data. © European Union,