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Tag Archives: EBRD

Finance Minister Signs 27 million EUR Credit Agreement with EBRD

Finance Minister Signs 27 million EUR Credit Agreement with EBRD

On May 11-12 Georgian Finance Minister Nodar Khaduri is attending the annual meeting and business forum of the European Bank for Reconstruction and Development (EBRD) in London. On May 11, the Georgian Finance Minister will take part in unveiling the meeting of EBRD board of directors and a plenary session. …

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EBRD Increased Economic Growth Forecast to Georgia

EBRD Increased Economic Growth Forecast to Georgia

European Bank for Reconstruction and Development (EBRD) has announced on the economic growth forecast to Georgia. According to Bruno Balvanera, EBRD’s Regional Director, exact figures will be named at the annual meeting in London by the next week. However, it already known, that forecast index will be higher comparing  to …

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What Happens to Gold and Silver Price in Georgia?

What Happens to Gold and Silver Price in Georgia?

After the Central Bank of Europe has adopted a decision to keep the refinancing rate and the President of the EBRD announced the mitigation of monetary policy, demand for dollars has increased in  the market which led to lower prices for precious metals, in particular, gold. The positive US economic …

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Georgian Ex-Finance Minister to Head EBRD Office in Moldova

Dimitri GvindadzeDimitri Gvindadze

Dimitri Gvindadze has been appointed Head of EBRD operations in Moldova and will take up his role in Chisinau on 2 May 2016. He will replace Julia Otto who has been heading the Bank’s office there since 2011. In his new position, Mr Gvindadze will lead the EBRD’s work in Moldova, focusing …

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EBRD is Ready to Assist Georgia in Capital Market Development

European Bank is Ready to Assist Georgia in Capital Market Development

“European Bank for Reconstruction and Development (EBRD) is ready to support Georgian government in the implementation of investment projects and assist the country in security market development,” Giorgi Kvirikashvili, Georgia’s Prime Minister said after meeting with  Bruno Balvanera, EBRD’s Regional Director for Caucasus, Moldova and Belarus. According to government administration, …

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Minister of Finance of Georgia Met EBRD’s Representatives

With the support of European Bank for Reconstruction and Development current projects and plans concerning the future collaboration with Georgia were discussed and analysed by Nodar Khaduri, Minister of Finance of Georgia and the representatives of EBRD at the meeting held in Ministry of Finance building. Mostly the discussion was about …

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Seven Companies Submit Offers for Delivery of New Buses

Seven Companies Submit Offers for Delivery of New Buses to Tbilisi

Seven companies have submitted offers for importing buses to Tbilisi. Tbilisi Deputy Mayor Irakli Lekvinadze noted the process of accepting tender proposals has been completed and the winner company will be named till May 2016, while new buses will be conveyed to Tbilisi in September 2016. European and Ukrainian companies …

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EBRD to Open 100 million USD Credit Line for Bank of Georgia

EBRD to Open 100 million USD Credit Line for Bank of Georgia

 The European Bank for Reconstruction and Development (EBRD) plans to open a 100 million USD credit line for Bank of Georgia. According to the EBRD official website information, Bank of Georgia will receive the sum in two positions to serve three target directions, including for financing small and medium sized …

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Rustavi Nitrogen Will get 155 Million From EBRD

Rustavi Nitrogen Will get 155 Million From EBRD

One year negotiations held between European Bank for Reconstruction and Development (EBRD) and Rustavi Nitrogen has come to an end. The sides have achieved an agreement, that works on the contract between biggest chemical company and European Bank will be finished within 2 months. Partnership Fund has supported finishing of …

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EBRD to Finance Tbilisi Bus Fleet Renovation Program

EBRD

Georgian Finance Minister Nodar Khaduri has met with Francis Mallige, the managing director of the European Bank for Reconstruction and Development (EBRD) and Bruno Balvanera, director for the Caucasus, Moldova and Belarus representations. At the meeting the parties discussed the ongoing projects in Georgia and future cooperation perspectives. Georgia is …

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EBRD Discusses Funding of Solid Waste Collection Project in Georgia

EBRD Discusses Funding of Solid Waste Collection Project in Georgia

European Bank for Reconstruction and Development (EBRD) discusses allocating a 10 million EUR loan for Georgia for the development of a Solid Waste Collection Project. According to EBRD, international donors will allocate additional 5 million Euros. The project will fund acquisition of waste collection vehicles, containers and other necessary inventory. …

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EBRD Allocates €100 for the development of Green Cities

Green Georgia

The EBRD is considering engagement in the development of “Green Cities” in Georgia. The proposed Framework consists of a facility of up to EUR 100 million to support municipal investments related to “Green Cities The total project cost is estimated at up to EUR 130 million including co-financing provided by …

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