We are proud the EUGBC Core Member – German solar module manufacturer AE SOLAR GmbH opened its new panel manufacturing facility in Hualing Kutaisi Free Industrial zone, Georgia.

This is very good example for other European Companies to make investments and start production in Georgia taking into account benefits of Country’s liberal trade regimes which provide Foreign Companies with a favorable opportunity to access not only the country’s 3.7 m 
residents, but the wider regions’ (2.3 bln.) market. So country should become production hub for the EU Companies, especially through using opportunities offered by Free Industrial Zones in Georgia.

Grand Opening ceremony was launched by the Prime-Minister of Georgia, Mamuka Bakhtadze. The event was attended by EUGBC Top Management and Member companies, Government Officials, representatives of Diplomatic corps, Business Support Organizations and Businessmen Sector The 16,000 square meter facility houses fully automated robotic lines, which generate an annual production capacity of 500 MW.

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EUGBC Executive Director, Giorgi Kacharava took part at the Steering Committee Meeting of the EBRD DCFTA Adaptation Programme, funded by the EU under EU4BUSINESS initiative 

The DCFTA Adaptation Programme (DAP) supports SME competitiveness in Georgia. Objectives of the DAP are.

• Strengthen SME competitiveness;
• Export facilitation;
• Adoption of news standards;
• Raise awareness of the DCFTA;
• Improve access to finances for SMEs;
• Increase the use and improve the quality of local business advisory services.

EUGBC Management and Member companies took part at the Georgian-Austrian Business Forum held on May 13 in Tbilisi.  The Austrian Trade Commissioner for Turkey, Azerbaijan and Georgia, Mr Georg Karabaczek, the Ambassador of the Republic of Austria to Georgia, H.E. Arad Benkö, 
and the president of Georgian Chamber of Commerce and Industry, Ms Nino Chikovani, opened the Business Forum.
Representatives of the Austrian companies addressed the audience, communicating on the current activities of their companies and areas of interests on Georgian Market. Event was followed by B2B meetings, where the Austrian and Georgian companies, interested in possible cooperation had an opportunity to further discuss topics of interest with the companies from a various sectors.


EU-Georgia Business Council, as a leading European Business Association was awarded with BGC Honorary Prize for its contribution in the process of attracting investments in Georgia and promoting Georgian products’ export. EUGBC was awarded by Business Media Contact in the annual International Business-Economic Forum.

The honorary prize was also awarded to the EUGBC’s Core Member German company AE SOLAR, which starts producing solar photovoltaic modules in Hualing Kutaisi Free Industrial Zone. The factory’s grand opening is scheduled for May 21, 2019.

The annual International Business Economic Forum organized by Business Media Contact was held at Hotels & Preference Hualing Tbilisi. According to the organizers of the forum, BGC aims to provide society within Georgia and abroad with information on positive changes and reforms that 
were planned and implemented in every direction, in all business sectors which led to the Economic and Business development of Georgia, during the last seven years.