EU’s €1.4B Boost Transforms Georgia’s SMEs and Job Market
The European Union's support for small and medium-sized enterprises (SMEs) in Georgia has yielded significant results. Since the launch of the EU4Business initiative, over 240,000 SMEs have received assistance, leading to a substantial boost in turnover and job creation.
The EU has facilitated more than 2,000 grants and 110,000 loans for Georgian SMEs, with key partners including the European Bank for Reconstruction and Development (EBRD). This financial support has enabled SMEs to increase their turnover by €1.4 billion and create nearly 200,000 jobs.
In 2024 alone, over 40,000 Georgian MSMEs benefited from EU assistance. This resulted in an additional €260 million in revenue and the creation of nearly 52,000 new jobs. EU-supported SMEs now account for approximately 18% of all registered companies in Georgia.
Notably, two out of every five EU-supported SMEs are owned or managed by women, indicating a strong commitment to gender equality. These enterprises also demonstrate higher export growth, particularly to EU markets.
The EU's commitment to supporting Georgian SMEs through initiatives like EU4Business has proven successful in stimulating economic growth and job creation. With over 240,000 SMEs assisted, the programme has significantly contributed to the country's economic development.
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