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EBRD and EU strengthen support to small businesses in Georgia
EBRD and EU strengthen support to small businesses in Georgia
Business advice with special focus on digital tools and green economy
Support to enable private sector’s
access to capital markets Small and medium-sized enterprises (SMEs) in Georgia will benefit from enhanced advisory services offered by the European Bank for Reconstruction and Development (EBRD) to advance their digitalisation and access to capital markets against the backdrop of the coronavirus pandemic. Backed by €1.8 million in EU funding, the EBRD will help local firms with their digital transformation to avoid interruptions to their operations because of the pandemic and rebuild their businesses with a focus on sustainable and green practices.
EBRD boosts financing for Georgian SMEs via TBC Leasing
EBRD loan to broaden local enterprises’ access to finance
Supporting resilience of the Georgian economy The European Bank for Reconstruction and Development (EBRD) is extending a €6 million (or US$ 7.21 million equivalent) loan to TBC Leasing to broaden access to finance for Georgian micro, small and medium-sized enterprises (MSMEs), especially those in the regions. TBC Leasing is the largest leasing company in Georgia and fully owned by TBC Bank, a long-standing partner of the EBRD. Listed on the London Stock Exchange, it has been successfully financing businesses in all sectors in Georgia for almost 30 years.