EU Commissioner launches EU4Business Week in Georgia (21/03/2016)

Running from 21-25 March 2016, EU4Business Week highlights EU support to small and medium-sized businesses and facilitating DCFTA trade in Georgia

During a round table meeting with representatives of Georgia's business community in Tbilisi today, EU Commissioner for Trade Ms Cecilia Malmström announced the launch of the EU4Business in Georgia.

EU4Business in Georgia encompasses a technical and financial assistance package of EU-funded programmes worth over GEL 160 million (€62 million) which include assistance to Georgian small and medium-sized businesses (SMEs) in adapting to EU standards and access to finance and business advice, support to the Georgian Government in trade and private sector reforms, development of the 2016-2020 Georgian SME Strategy, and actions to strengthen business supporting organisations.

"Georgian business has an enormous potential to develop, especially in light of the opportunities offered by the EU Deep and Comprehensive Free Trade Area which gives Georgia access to a market of 500 million consumers.  EU4Business is an EU initiative bringing together all the EU programmes assisting Georgia in the process of economic integration to the EU market.  EU4Business Week starting today provides a clear sign of the EU's commitment towards small and medium-sized businesses and trade policies in Georgia." stressed Commissioner Malmström.  

EU4Business Week will run from 21-25 March and will include the official launch of the EU-supported Georgia SME development strategy for 2016-2020 and the 2016 Small Business Act (SBA) Assessment on 22 March, the launch of two EU funded projects in support of small and medium sized enterprises implemented by GIZ and EBRD on 23 March, and a public-private dialogue with business supporting organisations under the East-Invest programme which runs from 21-25 March. 

More information EU4Business and EU4Business Week can be found here pdf - 383 KB [383 KB] ქართული (ka)

During her visit in Tbilisi Monday, EU Commissioner for Trade Cecilia Malmström also met President Margvelashvili, Prime Minister Kvirikashvili, Vice Prime Minister Kumsishvili, Foreign Minister Janelidze and others. She also discussed the EU-Georgia Free Trade Area with students at the ISET business school and think tank at the University of Tbilisi, as well as with the European Union Georgia Business Council (EUGBC).  The link to the speech of the Commissioner is here.

Commissioner Malmström is also meeting a group of civil society organisations - workers' and employers' organisations, and NGOs - advising the Georgian authorities on sustainable development issues related to trade.

The Deep and Comprehensive Free Trade Area, now operational for 18 months, has strengthened the trade relationship between the EU and Georgia. Today, the EU is Georgia's first export destination, receiving 29 percent of Georgian exports - an increase of 15 percent in the first year of the trade agreement. Total trade between the two amounted to over 2.5 billion euros last year.

For more information, please contact: Delegation of the European Union to Georgia: Communications Manager, Mikolaj Bekasiak, Mikolaj-Swietopelek.BEKASIAK@eeas.europa.eu