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Tag Archives: EBRD

Government Prepares Special Presentation for EBRD’s Annual Meeting

Government Prepares Special Presentation for EBRD’s Annual Meeting

Georgian government prepares presentation of investment opportunities for EBRD’s annual meeting, which will be held in Cyprus in May, 2017. Finance Minister Dimitri Kumsishvili has declared about that at the meeting held with Bruno Balvaner, Regional Director of EBRD. According to Bruno Balvaner, merely several countries will be given presentation …

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EU4Business-EBRD Credit Line to Support free trade with the EU in Georgia

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The EU4Business-EBRD credit line has provided several workshops for Georgian entrepreneurs, including nut farmers, wine exporters and meat processors, to explain how to use financing from the EBRD and EU for purchasing relevant equipment, modernising production and improving their services. “The grant component provided by the EU under the credit …

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Heineken Gets Georgia Boost with New Brewery for Licensed Production

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Global Beer Georgia has secured a near-US$20m loan to build a brewery in the country that will produce Heineken brands under licence. The company, which is owned by Georgian wine producer Teliani Valley, confirmed late last week that it has qualified for an EUR18.6m (US$19.7m) syndicated loan arranged by the …

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Kurt Conti: There are New Investors in Anaklia Port Project

Kurt Conti: There are New Investors in Anaklia Port Project

Project of Anaklia Port is in the active phase. Holders of the Port are preparing for construction works and they are selecting the managing company. Investment research is being carried. Kurt Conti, co-founder of “Anaklia Development Consortium” discussed the new details of the Project to TV-program “BusinessContact”, including entrance of …

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Full Steam Ahead for Renewables in Georgia

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TBC Bank, the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are joining forces to support the expansion of renewable sources of energy in Georgia. The institutions are providing a financial package of US$ 14.3 million (equivalent to approximately €13.5 million) to Rustavi Group LLC for …

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EBRD Continues to Deliver Strong Support in 2016

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The European Bank for Reconstruction and Development (EBRD) continued to deliver strong support for its regions in 2016 with a powerful programme of investments that helped modernise economies and make them more robust and resilient. In another economically challenging year, the EBRD stepped up its investments in key strategic areas …

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EBRD and TBC to Invest 14.3 Million USD for Lukhumi HPP

EBRD and TBC will invest 14.3 Million USD to develop Renewable energy sources in Georgia.  “Rustavi Group” will receive 5.6 million USD from Euro Bank and 8.7 USD from TBC to build average size of Hydro Power Plant. According to EBRD, it makes the deal more stable with the European …

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Teliani Valley to Increase Competition on the Beer Market

Teliani Valley to Increase Competition on the Beer Market

Global Beer Georgia, subsidiary company of Teliani Valley, will also receive a grant of €73,000 to introduce energy efficient technologies from the EBRD’s FINTECC programme, co-funded by the Global Environmental Facility (GEF). The grant will go towards the construction of a CO2 recovery plant which will capture the carbon dioxide …

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