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EBRD Plans to Invest $400 million in Georgia

EBRD Plans to Invest $400 million in Georgia

EBRD plans to make investment of $400 million in Georgia.

Presidents’ Advisor and regional director of European Bank for Reconstruction and Development have reviewed the investment projects. Several directions have been specified – capital market development, agriculture, hotel business and renewable energy.

Maia Melikidze notes, that trainings are held for support of agriculture sector development and the project should be put under the exploitation from September 21.

Mr. Bruno Balvanera emphasized to the advantages of EBRD among the creditors after the meeting due to its long-term loan.

“If the company wants to expend the activity, the EU funds 15%, while the rest is being financed by EBRD”, – Maia Mikeladze noted.

Source: GBC