ADVERTISEMENT
  • News
  • New York
  • Technology
  • Culture
  • Entertainment
  • Sport
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Thursday, May 15, 2025
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Georgia

EBRD and EU foster hazelnut production in Georgia

Nina Tsintsadze, EBRD by Nina Tsintsadze, EBRD
March 23, 2018
in Georgia
Reading Time: 4 mins read
9
A A
0
EBRD and EU foster hazelnut production in Georgia
Share on FacebookShare on Twitter

The FINANCIAL — Hazelnuts are a major product for agriculture in Georgia. 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 country’s subtropical climate by the Black Sea shore offers particularly favourable conditions for their growth, luring international confectionary giants such as Ferrero to invest in local production.

“The livelihoods of around half of the Samegrelo region’s population are closely linked to hazelnut farming. In villages, almost everyone grows them. Cultivating hazelnuts is what helped us overcome the hardships of the 1990s,” said Demur Ardia, owner of SRT, one of the processing facilities in the Samegrelo region, the main homeland of hazelnut plantations and orchards in Georgia.

RelatedPosts

U.S. Lifts Sanctions on Syria: How This Will Affect Recognition of Russia-occupied Territories?

Armenia’s Balancing Act and Double Standards

Homes of Protest-Linked Public Fund Managers Searched

U.S. Administration Maintains Cautious Stance on Georgia’s Political Crisis Amid Strategic Priorities

After more than 22 years in the business, Mr Ardia only recently decided to open his own hazelnut processing facility. For two years in a row his company has ranked among the top hazelnut exporters in terms of volume, exporting mainly to Germany and Italy, sometimes to the Czech Republic.

“Turkey is the world’s biggest producer and exporter of hazelnuts, it sets prices worldwide. Georgian hazelnuts are often sold at a discount compared to Turkish ones, so our focus should be on productivity and quality to achieve higher prices and a bigger piece of the pie,” said Mr Ardia.

The EBRD and the European Union (EU), under its EU4Business initiative, support Demur Ardia and other small and medium-sized entrepreneurs with similar drive and passion in Georgia, Moldova and Ukraine to help them to secure that bigger piece of the pie.

Each of these three countries benefits from the free trade area with the EU, the world’s largest trading block with 500 million consumers, according to the EBRD.

Access to finance and knowledge

Competitive small and medium-sized enterprises (SMEs) are considered the backbone of any economy and Georgia’s is no exception. While the country has made significant progress outperforming other EU Eastern Partnership countries in creating a favourable institutional and operational environment for SMEs, challenges remain.

Enhanced access to finance, deeper knowledge of export market opportunities and boosting innovation are considered crucial for further SME growth.

The EBRD and the EU help SMEs in Georgia, Moldova and Ukraine to integrate European standards in their work by investing in production upgrades, boosting growth and increasing competitiveness not only on the European market but their local market as well.

Through partner banks, the EBRD provides credit lines for companies to foster stronger economic ties with the EU, which are complemented by grant incentives by the EU under its EU4Business initiative.

SRT is one of many companies that have been supported by this initiative, where they have been able to invest in modern equipment to ensure European quality standards for the final product, as well as receiving 15 per cent cashback on the whole investment.

SRT was also supported by advisory services through the EBRD SME Finance and Development Group, a complementary programme that also benefits from EU funding. The company was able to adopt standards to improve their overall food and hygiene quality and obtain the relevant ISO certificate, a universal recognition of compliance with global norms.

See also  U.S. Lifts Sanctions on Syria: How This Will Affect Recognition of Russia-occupied Territories?

Similarly, NUTSGE another nut processing company in the same region and also with trade partners in Europe, has benefited from advisory services to integrate their information management system so their business processes are managed on a single platform.

“The new system helps us to get hold of all information and track it, along with strengthening the company’s reliability and cooperation with our European partners and consumers, “said Thea Kukhalashvili, NUTSGE Marketing Manager.

”As is often the case, drastic upgrading in one area has created momentum for innovation and continuous improvement in others. We are looking into ways to make our operations even more efficient and to become more technology-savvy.”

“It is great to see Georgian SMEs benefit from opportunities provided by the DCFTA. The European Union is ever more committed to supporting innovative entrepreneurs. I hope that Georgian small and medium businesses will continue making good use of the support we offer through the EU4Business initiative and other programmes,” said Janos Herman, Ambassador of the European Union to Georgia.

What’s next for Georgian hazelnuts?

For the past few years, Georgia has proudly secured its place in the list of top five hazelnut producing countries worldwide. But a recent severe attack of the agricultural pest brown marmorated stink bug made the lives of Georgian farmers more difficult and the ambitions of greater exports bleaker.

According to preliminary estimates last year hazelnut exports dropped by more than 50 per cent. While the epidemic is not the sole cause, it played a large role in reducing hazelnut exports in both physical and monetary terms.

After surviving the winter, the bug is expected to travel to the eastern part of the country, to the wine region – another vital source of income for Georgia.

To fight the pest outbreak, the EBRD has teamed up with the Ministry of Environment Protection and Agriculture of Georgia in its efforts to spread information among farmers through various channels including traditional and social media.

Multimedia lessons and tutorials are available to teach crop growers the most effective means, both chemical and mechanical, to combat and manage the pest outbreak.

“It is paramount that the state, international organisations and local farmers join forces to overcome this disease,” said Mr Ardia. “This outbreak cannot be managed only by handful of farmers. A united front is needed, along with more information and assistance to the hazelnut sector. Georgia is a small country and hazelnuts are a precious commodity for us.”

“We are delighted to cooperate with Georgia’s Ministry of Environment Protection and Agriculture on yet another initiative that tackles the very pressing challenge Georgian farmers face today. This new initiative will bring Georgian producers closer to knowledge and information to fight the outbreak of the agricultural pest,” said Bruno Balvanera, EBRD Director for the Caucasus, Moldova and Belarus.

“Georgia has a long tradition of farming and its hazelnuts are known and demanded worldwide. The Free Trade Area with the European Union opened the door to opportunities for Georgian farmers, and we stand ready to assist them in increasing yields and improving the quality of produce.”

 

Related Posts

U.S. Lifts Sanctions on Syria: How This Will Affect Recognition of Russia-occupied Territories?
All Featured

U.S. Lifts Sanctions on Syria: How This Will Affect Recognition of Russia-occupied Territories?

by Nina Tsintsadze, EBRD
May 15, 2025
0

The FINANCIAL -- The 2018 recognition of Abkhazia, driven by Russian influence and diaspora ties, faces scrutiny under al-Sharaa’s government....

Read more
Armenia’s Balancing Act and Double Standards

Armenia’s Balancing Act and Double Standards

May 6, 2025
Georgian PM urged to withdraw the Law on Transparency of Foreign Influence, guarantee the safety of journalists and uphold press freedom in Georgia

Homes of Protest-Linked Public Fund Managers Searched

April 29, 2025
U.S. Administration Maintains Cautious Stance on Georgia’s Political Crisis Amid Strategic Priorities

U.S. Administration Maintains Cautious Stance on Georgia’s Political Crisis Amid Strategic Priorities

April 29, 2025

Discussion about this post

  • Trending
  • Comments
  • Latest
Ampersand wins £22m five-year contract at London Zoo

Ampersand wins £22m five-year contract at London Zoo

June 25, 2012
How India and Pakistan Became Nuclear-Capable Countries

How India and Pakistan Became Nuclear-Capable Countries

May 7, 2025
U.S. Money Reserve Reviews Why Other Nations May Want to Move Away From the Dollar

U.S. Money Reserve Reviews Why Other Nations May Want to Move Away From the Dollar

May 13, 2025
BMW Group sources aluminium produced using solar energy

Global solar PV growth expected to slow to 10% in 2025, reaching 655 GW new installations

May 6, 2025
Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

May 13, 2025
U.S. Lifts Sanctions on Syria: How This Will Affect Recognition of Russia-occupied Territories?

U.S. Lifts Sanctions on Syria: How This Will Affect Recognition of Russia-occupied Territories?

May 15, 2025
Cyber risks are one of the biggest threats to the digital and networked economy

Munich Re posts net result of €1.1bn in Q1 despite high major-loss expenditure

May 15, 2025
Cryptocurrency Total Market Cap Jumped 80% After COVID-19 Crash

Confidence in regulation of the crypto and digital assets sector is rising, study

May 15, 2025
U.S. Money Reserve Reviews Why Other Nations May Want to Move Away From the Dollar

U.S. Money Reserve Reviews Why Other Nations May Want to Move Away From the Dollar

May 13, 2025
Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

May 13, 2025
ADVERTISEMENT

Popular Last 24h

  • Cryptocurrency Total Market Cap Jumped 80% After COVID-19 Crash

    Confidence in regulation of the crypto and digital assets sector is rising, study

    19 shares
    Share 8 Tweet 5
  • U.S. Lifts Sanctions on Syria: How This Will Affect Recognition of Russia-occupied Territories?

    18 shares
    Share 7 Tweet 5
  • Munich Re posts net result of €1.1bn in Q1 despite high major-loss expenditure

    15 shares
    Share 6 Tweet 4
  • Ampersand wins £22m five-year contract at London Zoo

    3299 shares
    Share 1320 Tweet 825
  • U.S. Money Reserve Reviews Why Other Nations May Want to Move Away From the Dollar

    35 shares
    Share 14 Tweet 9
  • Muslim Pro App CEO Addresses Data Privacy Concerns and Outlines Enhanced Security Measures

    84 shares
    Share 34 Tweet 21
  • Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

    27 shares
    Share 11 Tweet 7

LATEST POSTS

U.S. Lifts Sanctions on Syria: How This Will Affect Recognition of Russia-occupied Territories?

U.S. Lifts Sanctions on Syria: How This Will Affect Recognition of Russia-occupied Territories?

May 15, 2025
Cyber risks are one of the biggest threats to the digital and networked economy

Munich Re posts net result of €1.1bn in Q1 despite high major-loss expenditure

May 15, 2025
Cryptocurrency Total Market Cap Jumped 80% After COVID-19 Crash

Confidence in regulation of the crypto and digital assets sector is rising, study

May 15, 2025
U.S. Money Reserve Reviews Why Other Nations May Want to Move Away From the Dollar

U.S. Money Reserve Reviews Why Other Nations May Want to Move Away From the Dollar

May 13, 2025
Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

May 13, 2025
How India and Pakistan Became Nuclear-Capable Countries

How India and Pakistan Became Nuclear-Capable Countries

May 7, 2025
How serious do Britons think an India-Pakistan war would be?

How serious do Britons think an India-Pakistan war would be?

May 7, 2025
Homes Sold Faster than Ever in 2017

Tariffs Spur Home Improvement Shock: ‘Prices to Skyrocket,’ Expert Warns

May 7, 2025
Protected: REITs vs. Stocks: Which Offers Better Long-Term Growth for Real Estate Investors?

Protected: REITs vs. Stocks: Which Offers Better Long-Term Growth for Real Estate Investors?

May 7, 2025
Turkcell and Huawei Complete World’s First LTE Spectrum Coordination on a Commercial Network

Huawei Digital Power’s All-Scenario Grid Forming ESS Accelerates the Global Energy Transition and Construction of New Power Systems

May 7, 2025

LATESTBUSINESS

Cyber risks are one of the biggest threats to the digital and networked economy

Munich Re posts net result of €1.1bn in Q1 despite high major-loss expenditure

by Nina Tsintsadze, EBRD
May 15, 2025
0

Cryptocurrency Total Market Cap Jumped 80% After COVID-19 Crash

Confidence in regulation of the crypto and digital assets sector is rising, study

by Nina Tsintsadze, EBRD
May 15, 2025
0

U.S. Money Reserve Reviews Why Other Nations May Want to Move Away From the Dollar

U.S. Money Reserve Reviews Why Other Nations May Want to Move Away From the Dollar

by Nina Tsintsadze, EBRD
May 13, 2025
0

Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

by Nina Tsintsadze, EBRD
May 13, 2025
0

Homes Sold Faster than Ever in 2017

Tariffs Spur Home Improvement Shock: ‘Prices to Skyrocket,’ Expert Warns

by Nina Tsintsadze, EBRD
May 7, 2025
0

Turkcell and Huawei Complete World’s First LTE Spectrum Coordination on a Commercial Network

Huawei Digital Power’s All-Scenario Grid Forming ESS Accelerates the Global Energy Transition and Construction of New Power Systems

by Nina Tsintsadze, EBRD
May 7, 2025
0

PwC: Policymakers Must Offer Clarity and Coordination to Secure Net-Zero

PwC to Cut 1,500 U.S. Jobs as Part of Strategic Workforce Adjustment

by Nina Tsintsadze, EBRD
May 6, 2025
0

Global tech innovation initiative unlocks Singapore as key growth market for international startups

Lutz-Jesco GmbH Acquires FXM Line of Peristaltic Pumps from Valmet

by Nina Tsintsadze, EBRD
May 6, 2025
0

GET IN TOUCH

Submit guest post/Letters to the Editor:

editor (at) finchannel.com

Sales & Marketing: (+995 558) 03 03 03 Email: marketing (at) finchannel.com

Whatsup: (+995 599) 96 52 52

Georgia:

(+995 599) 96 52 52 Email: editor (@) finchannel.com

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2025 Intelligence Group llc

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.