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Tag Archives: ADB

Skills Development Will Be Key to Attracting Investment to High-Value Sectors in Georgia — ADB

Skills development will be essential in leveraging Georgia’s enabling business environment and facilitative infrastructure for higher foreign investment and growth, according to a new Asian Development Bank (ADB) report. In its flagship economic publication, Asian Development Outlook (ADO) 2019, ADB projects Georgia’s gross domestic product (GDP) to grow by 5.0% in …

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Emerging East Asia Bond Market Expands But Concerns Persist

Investor sentiment toward emerging East Asia’s local currency bond markets has improved but there are persistent concerns about financial stability in the region, including ongoing trade conflicts, according to the Asian Development Bank’s (ADB) latest issue of the quarterly Asia Bond Monitor. At the end of 2018, there were $13.1 trillion …

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Batumi Bypass Road Construction Works Underway

The Road Department of Ministry of Regional Development and Infrastructure has been constructing a 14-km section of Batumi bypass road. At this stage, land works, underground crosswalks, bridges and tunnel construction works are being performed. Two-lane reinforcement concrete road will be constructed as part of the project, as well as …

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Asian Development Bank to Finance 700 Million USD of new projects

Experts Mull Urban Development in Baku

Vice Premier, Minister of Regional Development and Infrastructure Maia Tskitishvili spoke about the new project of ADB,  which will launch this year and move to a more active phase in 2020. The project covers Zugdidi and Mestia, Telavi, Akhmeta, Tusheti and Tbilisi sites with the funding amounted to 700 million …

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ADB Raises 2018 Growth Forecast for Georgia to 4.9%

The Asian Development Bank (ADB) raised Georgia’s 2018 growth forecast to 4.9% from the April estimate of 4.5% reflecting strong growth in tourism and robust investment after an increase in business and investor confidence. The growth forecast for 2019 is 5.0%, says the update of ADB’s flagship annual economic publication, Asian Development Outlook …

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ADB to Expand 1.5 billion USD Investment Portfolio in Georgia

Asian Development Bank (ADB) plans to expand its investment portfolio in Georgia, Minister of Economy and Sustainable Development of Georgia Giorgi Kobulia and ADB representation director Ieshim Elhan-Kaialar noted at today’s meeting. This was a positive and useful meeting and we discussed several important issues, the Minister said. After the …

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ADB and Anaklia Consortium Sign MOU to Develop Port in Georgia

 The Asian Development Bank (ADB) signed a memorandum of understanding (MOU) to explore the development of the Anaklia Deep Sea Port and Special Economic Zone (SEZ) in Georgia. Strategically located between Europe and Asia, the Anaklia project is expected to be the driver for an integrated regional development program worth …

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ADB Named TBC as the Leading Partner Bank in Georgia in Trade Finance

TBC Bank has been named as the leading partner bank in Georgia for the fourth time by Asian Development Bank in trade finance. The awards ceremony was held in Singapore and attended by about 200 representatives of banks and financial institutions of 15 countries. Asian Development Bank has identified 23 …

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