Press Release: EU to unlock €2 billion worth of investment for small businesses in Georgia, Moldova and Ukraine

At the Eastern Partnership Business Forum held in Riga on 21 May 2015, the European Commission launched the Deep and Comprehensive Free Trade Area (DCFTA) Facility for Small and Medium Enterprises (SMEs).

The Facility will provide some €200 million worth of grants from the EU budget over the next 10 years. This contribution is expected to unlock new investments worth at least €2 billion for the SMEs in the three DCFTA countries: Georgia, Republic of Moldova and Ukraine. The financial means for the investments will be largely coming from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB).

• Primary Source

European Commission: DG Communication: RAPID: MEMO/15/5013, 21.05.15: The DCFTA Facilities for SMEs http://europa.eu/rapid/press-release_MEMO-15-5013_en.htm

ESO: Background information: EU support for Georgia: Green light for new Financing Agreement and tailor made Facility for SMEs http://www.europeansources.info/record/press-release-eu-support-for-georgia-green-light-for-new-financing-agreement-and-tailor-made-facility-for-smes/

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