EUGBC

EUGBC management and member companies participated in conference “EU4Business in Georgia: EIB Group Improving Access to Finance”

EUGBC member companies took part at the conference titled “EU4Business in Georgia: EIB Group Improving Access to Finance” held on 8 May in Tbilisi. The event brought together around 200 representatives of business, banks, microfinance institutions, financial advisors and industry associations.

The conference guests were addressed by high ranking representatives of the European Union, the Georgian Government, and the European Investment Bank, namely: Mr. Janoš Herman, Ambassador of the European Union to Georgia, Mr. Dimitry Kumsishvili, First Vice Prime Minister and Minister of Finance of Georgia, Mr. Levan Davitashvili, Minister of Agriculture of Georgia, Mr. Giorgi Cherkezishvili, Deputy Minister of Economy and Sustainable Development of Georgia, and Mr. Heinz Olbers, Director of the Neighbouring Countries Department of the European Investment Bank.

Private sector is a key driver for growth, employment and innovation in Georgia. Supporting Access to Finance for micro, small and medium sized entreprises (SMEs) and midcap companies is a top priority for the EIB Group (European Investment Bank and European Investment Fund) . With the support of the EU, the EIB Group is stepping up its efforts in improving access to finance and building capacity in order to support sustainable and inclusive growth in Georgia. EIB Group is implementing two new programmes developed jointly with the European Commission. These two programmes were prepared in the context of the Association Agreement of Georgia with the EU: the DCFTA Initiative East as well as the EU Research and Innovation Programme Horizon 2020: InnovFin – EU Finance for Innovators.