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Tag Archives: EBRD

Davos’16: PM Meets with President of the EBRD Suma Chakrabarti

Davos'16: The Prime Minister of Georgia Met President of the European Bank for Reconstruction and Development (the EBRD) Suma Chakrabarti

The EBRD will continue close cooperation with Georgia in the future. The volume of investment and financial aid will be increased in 2016 – respective information was provided by the President of the European Bank of Reconstruction and Develompent, Suma Chakrabarti to Giorgi Kvirikashvili. Their meeting took place within the …

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EBRD Allocates €2.2 million in Kobuleti Water Supply Project

Bruno Balavera

The Minister of Finance Nodar Khaduri and EBRD Director for the Caucasus, Moldova and Belarus Bruno Balvanera signed an agreement to implement the Kobuleti Water Project. EBRD will allocate €2.2 million financial resource which will aim at financing Kobuleti sewage waste water cleaning activities. Kobuleti Water project aims at building waste water …

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EBRD Allocated €10 mln to Healthy Water

Nabeghlavi

EBRD opened credit line to “Healthy Water, which bottles Nabeghlavi carbonated and Bakhmaro spring water brands. The company is a subsidiary of JSC Margebeli, a vertically integrated food and beverage group. The support from the EBRD included an energy audit, which helped the company to identify and prioritise innovative energy …

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Making The Most of The DCFTA For Georgia, Ukraine And Moldova

Making The Most of The DCFTA For Georgia, Ukraine And Moldova

Interview with Nino Samvelidze, Manager of the Project, EU Programs Manager at PMCG. International development consulting company PMCG recently organized a knowledge sharing conference in Chisinau, Moldova Making the Most of the DCFTA. The event was supported by International Visegrad Fund and aimed to assist Moldavan and Georgian businesses, entrepreneurs …

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Prime Minister of Georgia Chairs First Meeting of Investors Council

The newly established Georgian Investors Council has held its first meeting, chaired by Prime Minister Irakli Garibashvili, in Tbilisi. Government officials, representatives of local business associations and International Financial Institutions (IFIs) discussed key challenges affecting the business climate in Georgia and how to further support the development of the private …

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“We Are Stuck In Transition” — Bruno Balvanera on the New Doing Business Report

“The new Doing Business ranking was released yesterday at 7 o’clock in the evening London time,” Bruno Balvanera, EBRD’s Regional Director for Caucasus, Moldova, Belorussia, said at the UNDP Sub-Regional Conference on Employment held in Tbilisi today.  Doing Business 2016: Measuring Regulatory Quality and Efficiency is the World Bank’s 13th annual report …

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EBRD: Supporting Energy Efficient Industries in Georgia

energy-efficient-kavkaz-cement

An EBRD credit line for energy efficiency is helping reduce carbon footprint in the Caucasus.     Innovation in industry always requires significant investment. But new technologies also permit better energy efficiency. Cement producer Georgian Building Group (GBG) embraced this strategy with the help of the EBRD’s sustainable energy financing facility Energocredit, …

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Aversi Pharma Received $10.9m Loan to Expand Health Care from EBRD

Aversi Pharma Received $10.9 mln Loan to Expand Health Care from EBRD

The European Bank for Reconstruction and Development (EBRD) is providing a US$ 10.9 million loan to Aversi Pharma LLC, a leading Georgian health care company, to support a modernisation plan for local hospitals and the improvement of pharmaceutical supplies. The loan will be used for the refurbishment of an infectious …

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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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