Georgia
29/11/2016
A new financial package from the European Union is bringing new opportunities for Georgian SMEs and supporting their operations abroad
The EBRD has allocated a USD 50 million credit facility in the Georgian national currency, the lari, to Bank of Georgia.
The financial package is to help local SMEs invest in improvements to product quality and modernise their services to meet EU standards, said the EBRD, in turn creating an environment conducive to cross-border trade and economic growth.
It will also give SMEs increased access to lari-denominated credit and specifically support businesses managed or owned by women entrepreneurs for better access to finance, know-how and advice.