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Daily Archives: May 15, 2015

EBRD Grants $31.5m Loan to Georgia’s BasisBank

Through a $31.5 million USD loans giving to Georgia’s BasisBank the European Bank for Reconstruction and Development (EBRD) is supporting the small and medium-sized enterprises (SMEs), energy efficiency measures and access to trade finance in Georgia. The package includes $20 million of financing for corporations and $10 million for SMEs, …

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EBRD not to Launch New Projects in Russia

EBRD not to Launch New Projects in Russia

The European Bank for Reconstruction and Development (EBRD) does not stop working in Russia at this point, however, is not considering the launch of new projects. According to EBRD President Suma Chakrabarti , the EBRD does not consider the launch of new projects due to country’s difficult economic situation, however, …

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5 Countries Declared Priority for Export of Georgian Wine

5 Countries Declared Priority for Export of Georgian Wine

In 2015, exporters of Georgian wine will place particular emphasis on strengthening their presence in five countries – first and foremost they are China and Great Britain, the USA and Poland. An increased attention will be paid to the Japanese market as well. According to Director of the National Wine …

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SOCAR Petrolium Georgia: The Carbamide Plant Project is not Cancelled

SOCAR Petrolium Georgia: The Carbamide Plant Project is not Cancelled

The carbamide plant project in Georgia was temporarily postponed, but not closed – Director General of SOCAR Petrolium Georgia Mahir Mammadov states. According to him, various speculations appeared in the media in this regard that do not correspond to reality – the factory cannot be built until the completion of …

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Estonian Film Biz Rides Post-Oscar Bump

Estonian Film Biz Rides Post-Oscar Bump

The foreign-language film Oscar nomination that Estonian drama “Tangerines” earned marked a significant breakthrough internationally for the country’s film industry and also boosted the morale of Estonian filmmakers — and maybe their bottom lines as well. ‘Tangerines’ has shown that it is worth valuing Estonian film and supporting it because …

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Estonian Producer Allfilm Hits Cannes With Arty Slate

Estonian Producer Allfilm Hits Cannes With Arty Slate

After “Tangerines,” the future looks bright for leading Estonian producer Allfilm. As Cannes gets under way, “Tangerines,” the first Estonian arthouse pic to nab U.S. distribution, will be on screens in 14 American cities and will expand to more by the end of May. The film, written and directed by Zaza …

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