The European Union and the United Nations presented the accomplishments of their EUR 5.1 million initiative, “EU Innovative Action for Private Sector Competitiveness in Georgia”. Over five years, from 2019 to 2023, this programme had a profound impact on the business development landscape in Georgia. It supported significant strides in advancing the circular economy, fostering robust business clusters, enhancing legislative frameworks, and boosting Georgian producers" presence in European markets.

This landmark programme directly benefitted up to 100 small and medium-sized enterprises across the country and played a significant role in establishing and nurturing four business clusters, some of which have garnered international acclaim from the European Cluster Excellence Initiative. Furthermore, the programme created learning and development opportunities for over 1,500 entrepreneurs and farmers across Georgia, strengthening their business skills and increasing their prospects in the international marketplace.

With financial support from the European Union, the programme was implemented in close partnership with the Georgian Government and the private sector, with the active involvement of four UN agencies: the Food and Agriculture Organization (FAO), the United Nations Development Programme (UNDP), the United Nations Industrial Development Organization (UNIDO), and the International Organization for Migration (IOM).

The results of this collaborative effort were celebrated at the event on 14 November, where distinguished speakers from the Government and the private sector highlighted its impact.

“The EU’s Innovative Action for Private Sector Competitiveness in Georgia has unveiled various opportunities for the private sector, laying the foundation for ongoing economic progress. The European Union remains unwavering in its support for Georgia’s private sector, actively promoting green and sustainable practices and cultivating the prospective growth of Georgia’s business and industrial landscape”, - said Catalin Gherman, Deputy Head of Cooperation at the Delegation of the European Union to Georgia.