GEO/ EBRD AND EU BOOST PRIVATE SECTOR GROWTH IN GEORGIA

 
   The EBRD-EU financing facility scheme was presented to 200 representatives of Georgia’s small and
   medium sized enterprises (SME) in Tbilisi on 21 September.The conference highlighted the product
   scheme, how it works and how local businesses can access the financial package offered by the
   Deep and Comprehensive Free Trade Area (DCFTA) EU-funded programme. The financing package
   will increase access to credit in local currency and specifically support businesses that are managed
   or owned by female entrepreneurs for better access to finance, know-how and advice. 

   The facility will also help local SMEs create an environment that is beneficial to cross-border trade
   and economic growth in Georgia. This is the first phase of the planned EBRD-EU programme under
   which the EBRD is working with local banks to help businesses further invest in improving product
   quality and service standards...(link)