EBRD and EU help modernise Georgian businesses
Georgia is home to more than 60,000 hazelnut growers. Its traditional cuisine abounds with recipes featuring the product, such as churchkhela, a popular nut and grape corner snack. For farmers and producers, bringing their produce to the table of Estonians, Danes and the Spanish is vital to continue to grow, create jobs and spur further economic development.
The European Union is the world’s largest trading block. Georgia signed a trade agreement with the EU offering access to the single market, which provides businesses in the country exactly such trading opportunities. It also means that they have to meet EU standards for the goods and services they offer. This is in their interests too, as it makes them more competitive in their own and other markets.
But which parts of a business are affected by the relevant EU directives? How can Georgian enterprises meet the necessary standards to export to the EU? And how can they finance much-needed improvements?