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» EU Bank Introduces Financial Instruments to Support Georgian Small and Medium-Sized Businesses
2017-05-22
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EU Bank Introduces Financial Instruments to Support Georgian Small and Medium-Sized Businesses
2017-05-22
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The EIB Group (European Investment Bank and Europe Investment Fund) is delivering on the main objective of developing the private sector of Georgia by implementing two new programmed designed and developed alongside the European Commission. The two programmes were created for the Association Agreement of Georgia with the EU: The DCFTA Initiative East, along with the EU Research and Innovation Programme Horizon 2020:Innovfin – Eu Finance for Investors.
The programmes were presented during a conference on the 8th of May in Tbilisi, bringing around 200 representatives of banks, businesses, financial advisors, microfinance solutions, and industry associations together. The DCFTA Initiative East was created to improve the economic development of countries that signed an association agreement with the EU; Georgia, Ukraine, and Moldova. The EU will provide these countries with financial and technical support for small-and-medium sized enterprises (SMEs) across the three countries.
Image provided by;© Joyfull | Dreamstime.com - Tbilisi Mall Interior, Georgian Republic Photo
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