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Tag Archives: EBRD

“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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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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