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Tag Archives: EBRD

Bruno Balvanera: There are Slim Chances for New Banks to Enter Georgian Market

Bruno Balvanera: Investors’ Appetite is Increased on GEL

The European Bank for Reconstruction and Development (EBRD) estimates the possibility of third large bank entering Georgian market, however, considers that currently it is less likely to happen. Regional representative of EBRD, Bruno Balvanera declared that two large banks already own large shares at the market which limits the possibility of new bank, entering the market. …

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EBRD Keeps Georgia’s Economic Growth Forecast Unchanged

European Bank for Reconstruction and Development (EBRD) has maintained Georgia’s economic growth forecasts unchanged. According to the May 10 report, Georgia’s economic growth will recorded 3.9% in 2017 and 4.2% in 2018. According to EBRD report, positive dynamics is expected in eastern Europe and the Caucasus after the 2016 stagnation. …

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EBRD Pushes on With Azerbaijan Gas Loan After Transparency Rift

EBRD Pushes on With Azerbaijan Gas Loan After Transparency Rift

The European Bank for Reconstruction and Development is pushing ahead with plans to lend $500 million to Azerbaijan’s Southern Gas Corridor project after the nation was suspended from an international oil-wealth transparency watchdog. The development bank is “progressing” its financing to the $40 billion pipeline project with a final board decision expected …

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EBRD Plans to Invest 350 mln in Georgia This Year

EBRD Plans to Invest 350 mln in Georgia This Year

The European Bank for Reconstruction and Development (EBRD) plans to invest 300-350 million EUR in Georgia this year. The Regional Director of the EBRD says that previous year’s record (250 million) is improved in 2017 in terms of investment portfolio. “At this stage I do not know the final answer, …

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EBRD Initiates First-ever Eurobond Issued in Georgian Local Currency

The European Bank for Reconstruction and Development (EBRD) has marked a historic milestone by issuing its first-ever Eurobond both denominated and settled in Georgian lari (GEL). This development has been made possible by a recent establishment of a link between Clearstream and the Georgian domestic market which not only allows …

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EBRD to Issue New GEL-denominated Securities

European Bank for Reconstruction and Development (EBRD) plans to issue GEL-denominated securities of several tens of millions of GEL with the aim to credit exports products manufacturing and to develop domestic capital market through Georgia-based commercial banks as part of deep and comprehensive trade agreement with EU. This issue and …

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Georgia On My Mind – Where Beauty Meets Business

Georgia is a beautiful country, blessed with a favourable location at the crossroads between Western Asia and Eastern Europe. Bordering Armenia, Azerbaijan, Russia and Turkey and with access to the sea, Georgia has good transportation links with the entire region and beyond, and it enjoys a free trade agreement with …

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New Bus Fleet to Launch Operation on 67 Hectare Space in May

Bus Base

Construction of a new municipal bus fleet has come to a finish-line. Tbilisi Mayor David Narmania, EBRD regional director in Georgia, Moldova and Ukraine Bruno Balvanera, Georgian Finance Minister Dimitri Kumsishvili, Vice Mayor Lasha Abashidze, Deputy Mayor Irakli Lekvinadze, City Council Chairman Giorgi Alibegashvili, Tbilisi City Hall and Council representatives …

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