Success stories

Since 1992, Elselema has been producing all types of clothing, with a particular focus on uniforms, outdoor wear, as well as casuals and knitted products for men, women and children. It’s a family business which has grown to operate two factories – both employing up to 200 workers – one in Tbilisi, and one in Lanchkhuti to the West of the Georgian capital. The company is no novice in overseas...
Hazelnuts are a major product for Georgian agriculture. As one of the country’s top 10 export commodities, they are a source of income for more than 50,000 farmers and dozens of processing facilities. The subtropical climate by the Black Sea shore offers particularly favourable conditions for their growth, luring international confectionary giants such as Ferrero to come to Georgia and invest in...
Baia Abuladze
“Winemaking had always been our family business, but we used to make it for ourselves and not for commercial purposes,” says Baia Abuladze, a 24-year old winemaker from Obcha village in the Bagdati Municipality. “Then it became an interesting job for the younger members of the family and we took steps to turn our family’s tradition into a business.” That business was Baia’s Wine. Launched in 2015...
EBRD Advice for Small Businesses
Growing Georgian vegetables by employing the latest European technologies – this is the motto of Imereti Greenery, a Dutch-Georgian enterprise located in western Georgia, which has benefited from EU support for its development under the EU4Business initiative, seeing production and profits soar as a result. Since its establishment, the enterprise has been gradually expanding its greenhouse...
 Ioseb Gadelia, founder of road construction company Indico
Georgia
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“When you live in Senaki – a small town of nearly 40,000 inhabitants – you pretty much know who is who around [town]. Here we share joy and sorrow, and while some might consider that small-town life offers limited opportunities, I think the family spirit of a close-knit community helps us overcome economic difficulties and stand strong,” says Ioseb Gadelia, founder of road construction company...
Teimuraz Meqvevrishvili is proud of the quality of his oil
“When you go into business on your own, you tend to make do with what you have and see credit more as a risk. I think that is a healthy approach in the beginning. But there comes a time when taking out a loan becomes an opportunity,” says Teimuraz Meqvevrishvili, who borrowed from Bank Republic to invest in his buisness, with support made available under the European Fund for South East Europe (...
Ioseb Tsotsolashvili and his team
“The ability to access credit is something you first have to earn. At least that’s how I see it. You want to have everything in place first, like your business, your people, and a good reputation," says Ioseb Tsotsolashvili who has managed to grow his business with support made available under the European Fund for South East Europe (EFSE), and EU4Business . “I can’t help but smile when people...
LTE training
EU4Business helps DCFTA Information Centre provide Georgian SMEs with knowledge of EU market requirements Later this month, the EU4Business project “SME Development and DCFTA in Georgia” will mark one year since the signing of a Memorandum of Understanding (MoU) with the Georgian Chamber of Commerce and Industry (GCCI). The MoU laid the groundwork for cooperation on development of the Chamber’s...
With the help of EU4Business and the European Bank for Reconstruction and Development (EBRD), the company representing AVIS car rentals in Georgia has turned around its business, transforming its web presence and more than doubling sales. AVIS was the first company to rent cars at airport locations, back in 1946 in Detroit. Today, visitors arriving at Tbilisi, Batumi and Kutaisi international...
Agroland, a small processing factory in western Georgia, plays an important role in promoting locally grown agricultural products. The family-run business brings aromatic bay leaves from beautiful Georgian villages with sometimes hard-to-pronounce names to the kitchens of European and global consumers. “Our suppliers are mainly farmers from neighbouring villages,” says the owner, Aleksandre...