DCFTA Adaptation Programme – Support for SME Competitiveness in Georgia
Start/end date:
2015 - 2019
Implementing partner:
European Bank for Reconstruction and Development (EBRD)
EU budget:
€4.5 million
The project aims to strengthen the competitiveness of Georgian small and medium-sized enterprises (SMEs), facilitate exports, adopt new standards and raise awareness of the DCFTA (free trade agreement with the EU). It also works to improve the quality of local business advisory services.
Objectives
Objectives include:
- greater SME competitiveness;
- export facilitation;
- adoption of new standards;
- raised awareness of the DCFTA;
- improved access to finance; and increased use and improved quality of local business advisory services.
Beneficiaries
Local private enterprises with fewer than 250 employees and annual revenue of less than €50 million
Activities
- Business advice provided by local consultants.
- Industry expertise provided by international advisers.
- Trainings and seminars
- Advisory assistance in export promotion
- Market development activities
Results
In the project's first year, 56 business advice projects were initiated, and projects evaluated so far indicate a 22% increase in turnover and a 10% increase in employment.
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