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Tag Archives: EBRD

Tbilisi Hosted Conference – Key Benefits and Advantages for Corporations

Tbilisi hosted conference Key Benefits and Advantages for Corporations” on July 5. Independent Directors Association and the European Bank for Reconstruction and Development (EBRD) jointly organized the conference with the support of the Ministry of Economy and Sustainable Development of Georgia. Irma Kavtaradze, Deputy Minister of Economy and Sustainable Development, Bruno …

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Raising the Profile of Traditional Georgian Dairy Products

Georgia boasts a wealth of agrifood products that are unique to the country – from Saperavi wine to sulguni cheese. Developing and promoting Geographic Indications (GIs) and other origin-based labels for such products can help the country preserve its rich food heritage, while also raising producers’ incomes and driving economic …

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Materia Shows the way Forward for Georgian Fashion

Materia Shows the way Forward for Georgian Fashion

“Materia” means fabric in Georgian, a winning name for a fashion house based in Tbilisi. Fashion House Materia offers its customers a premium clothing line Matériel and more affordable products under the Dots brand. Clothing produced by the company can be spotted being worn by representatives from various public institutions in Georgia: the army, police, post …

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EBRD Reduces Stake in TBC Bank Group

After successful establishment of Georgia’s leading bank on the London Stock Exchange. The EBRD has today reduced its stake in TBC Bank Group PLC, Georgia’s largest bank, through a sale of 1.9 million or 30 per cent of its shares. TBC Bank was successfully listed on the London Stock Exchange in …

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Price is $6000 per m2 at Redix Apartments on Chavchavadze Avenue

Price is $6000 per m2 at Redix Apartments on Chavchavadze Avenue

Acquisition of an apartment at Redix Apartments on Chavchavadze Avenue will cost 4.2 million USD. Founder of Redix talked about the most expensive residential complex in the history of independent Georgia with Property Georgia. According to Lasha Papashvili, Sales of residential properties are strictly limited due to quantity. There are only 11 …

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Bruno Balvanera: There are Slim Chances for New Banks to Enter Georgian Market

Bruno Balvanera: Investors’ Appetite is Increased on GEL

The European Bank for Reconstruction and Development (EBRD) estimates the possibility of third large bank entering Georgian market, however, considers that currently it is less likely to happen. Regional representative of EBRD, Bruno Balvanera declared that two large banks already own large shares at the market which limits the possibility of new bank, entering the market. …

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