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Tag Archives: EBRD

EBRD Allocates about $200m for Nenskra HPP

EBRD Allocates about $200m for Nenskra HPP

The European Bank for Reconstruction and Development (EBRD) is teaming up with a Georgian state-owned shareholding company Partnership Fund (PF) to provide a support in the Nenskra Hydro Power Plant (HPP) project earmarked for the upper Svaneti region.  EBRD President Sir Suma Chakrabarti announced this news today at the EBRD …

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EBRD Grants $31.5m Loan to Georgia’s BasisBank

Through a $31.5 million USD loans giving to Georgia’s BasisBank the European Bank for Reconstruction and Development (EBRD) is supporting the small and medium-sized enterprises (SMEs), energy efficiency measures and access to trade finance in Georgia. The package includes $20 million of financing for corporations and $10 million for SMEs, …

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EBRD not to Launch New Projects in Russia

EBRD not to Launch New Projects in Russia

The European Bank for Reconstruction and Development (EBRD) does not stop working in Russia at this point, however, is not considering the launch of new projects. According to EBRD President Suma Chakrabarti , the EBRD does not consider the launch of new projects due to country’s difficult economic situation, however, …

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EBRD Announces Georgia’s Economy Forecast

EBRD Announces Georgia’s Economy Forecast

Georgia’s economy is expected to decelerate to 2.3 percent in 2015 and 2.6 percent in 2016, reflecting mainly a deteriorating external environment, with recession in Russia and sharp slowdown of regional trading partners. Given the challenging external environment and some domestic political uncertainty, Georgia’s economy is expected to halve in …

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Tbilisi Hosts EBRD Annual Meeting and Business Forum

Tbilisi hosts EBRD Annual Meeting and Business Forum

Top governmental officials from more than 60 countries, heads of international institutions, global decision-makers, corporate executives and staff from the European Bank for Reconstruction and Development (EBRD) are gathering in Georgia’s capital Tbilisi to consider a strategy for the EBRD regions for the coming years. Georgian Prime Minister Irakli Garibashvili …

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EBRD President: “Georgia’s Economy has a very Positive Prospective”

EBRD President: “Georgia’s Economy has a very Positive Prospective”

The European Bank for Reconstruction and Development (EBRD) believes in the stability of Georgia’s banking sector and fully supports the reforms being implemented by the National Bank of Georgia (NBG), including the monetary policy. Today EBRD president Sir Suma Chakrabarti met NBG president Giorgi Kadagidze, two days before the EBRD …

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EBRD President: “The EBRD Invests for Change in Georgia”

EBRD President: “The EBRD Invests for Change in Georgia”

Georgia’s successful policies and reforms will be presented to the world at the 2015 European Bank for Reconstruction and Development (EBRD) Annual Meeting, held in Tbilisi next week. On May 14 and 15 government officials, international business representatives, economists, financial experts and investors will attend the EBRD’s 24th Annual Meeting. …

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