The European Union and the United Nations Development Programme (UNDP) have announced that eight Georgian municipalities will receive targeted support under the EU-funded regional initiative ‘Mayors for Economic Growth’.

The European Fund for Southeast Europe (EFSE) will provide a loan equivalent to 10 million US dollars in Georgian lari to TBC Bank, its longstanding partner lending institution.

On 27 October, the EU and the European Bank for Reconstruction and Development launched the Digital Adaptation Programme, targeting micro, small and medium-sized enterprises interested in bringing their business into a digital space.

Companies from Georgia secured more than €600,000 worth of orders from international buyers Anuga 2021, the world’s leading trade fair for food, in Cologne, Germany.

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.