GT Group LTD

GT Group LTD

GT Group Ltd is a company that imports commercial vehicles as well as construction and agricultural machinery from world brands in this field. In addition, the company provides repair and maintenance services for these vehicles and machines. With its investment in new warehousing and service facilities, the company responded to the requirements of the EU Automotive Directives. As a result of the investment GT Group improved its competitiveness through better and safer product and service offerings to its clients. The new sewage and drainage system equipped with oil removal system, reduces the release of pollutants into the wastewater. And last but not least, workplace conditions and health and safety standards contribute to vastly elevated staff motivation. After project verification, the company received 15% of the loan amount as a grant cashback, funded under the EU4Business initiative of the European Union.

Invested in:

    • New Warehouse & Srevice Complex, including new sewage and drainage systems

Invested Volume:

    • Loan Amount: EUR 1,025,918
    • Grant Amount (15%): EUR 153,887.7

EU Directives met:

    • Directive 2014/35/EU of the European Parliament and of The Council of 26 February 2014 on the harmonisation of the laws of the Member States relating to the making available on the market of electrical equipment designed for use within certain voltage limits
    • Directive 2006/42/EC of the European Parliament and of The Council of 17 May 2006on machinery, and amending Directive 95/16/EC (recast)
    • Directive 2014/30/EU of the European Parliament and of The Council of 26 February 2014 on the harmonisation of the laws of the Member States relating to electromagnetic compatibility (recast)
    • Directive 2006/12/EC on waste
    • Directive 91/689/EEC on hazardous waste
    •  Directive 75/439/EEC on the disposal of waste oils
    • Regulation (EC) No 1005/2009 of the European Parliament and of the Council of 16 September 2009 on substances that deplete the ozone layer
    • Car producers corporate requirements in accordance to EU Automotive directives and regulations on motor vehicles, their trailers, systems and components

EBRD and EU provide €1.15 billion

EBRD and EU provide €1.15 billion to support SMEs in Georgia, Moldova and Ukraine

At a high-level conference in Tbilisi, the capital of Georgia, Katarína Mathernová, Deputy Director-
General for Neighbourhood Policy and Enlargement Negotiations of the European Commission, said:
“We are pleased to announce the extension of our successful programme of access to finance supporting
reforms important for the Deep and Comprehensive Free Trade Area to function. The EU4Business-
EBRD Credit line has allowed SMEs in sectors such as manufacturing, retail, agriculture and food
processing, transport, services and health care to improve their products, strengthen their export
potential and adopt EU standards and technical norms. The combination of EBRD finance and EU grants
has proven to be a perfect match to the needs of Georgian companies.”
Through the EU4Business-EBRD Credit line – a joint EBRD-EU programme supported by the
EU4Business initiative and active since September 2016 – over 100 Georgian companies have received
€60 million in financing so far. Concrete projects under the EU4Business-EBRD Credit Line range from
investments in machinery to complex programmes where companies had the opportunity to draw on free
technical assistance provided by an international team of experts. Half of the projects financed in
Georgia are with companies located in regions outside the capital, Tbilisi.
“We are delighted to see the first real results of our financing supporting Georgian companies. From
hazelnut processing to road construction, from promoting local produce to succeeding in foreign markets
– companies financed by the programme have decided to invest in the European standards, and we are
happy to be part of their success,” said Bruno Balvanera, EBRD Director for the Caucasus, Moldova and
Belarus.
The EU4Business-EBRD Credit Line is also available in Moldova and will soon be launched in Ukraine. It
will assist local SMEs in reaping the benefits associated with their countries’ free trade agreements with
the EU, the world’s largest trading block.
The EBRD supports businesses with much-needed finance through local partner banks, which allows
them to invest in efficient and modern equipment and technologies. EU funds complement investments
with technical expertise and provide incentive payments to companies for successful completion.
Access to knowledge and know-how is yet another dimension of the EBRD-EU cooperation, with EU
funding of €18 million, while the EBRD SME Finance and Development Group fosters advisory services
for enhanced performance and growth in all EU Eastern Partnership countries.
The conference in Tbilisi today gathered representatives of the EU, EBRD, International Monetary Fund,
International Finance Corporation, local firms and business associations. It provided an opportunity to
take stock and discuss the future outlook of the programme. Participants agreed that the combination of
EBRD finance through local banks such as TBC Bank or Bank of Georgia and EU grant funds remains an
attractive and crucial proposition for local businesses.s leo.

EU and EBRD launch the EU4Business-EBRD Credit Line

EU and EBRD launch the EU4Business-EBRD Credit Line

On 21st September 2016, EU and EBRD launched the new EU4Business-EBRD Credit Line in a launch event held at the Tbilisi Technopark. Speakers included Bruno Balvanera EBRD Director for Caucasus, Moldova & Belarus), Dimitry Kumsishvili (Vice Prime Minister, Minister of Economics & Sustainable Development of Georgia), Janos Herman (Ambassador of the EU), Archil Gachecheladze (Deputy CEO of the Bank of Georgia). The launch event was attended by more than 250 representatives from industry, commerce and the financial sector.

 Press Release