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Tag Archives: EBRD

EBRD Implemented Projects of More than $3 billion in Georgia

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After the meeting with the President of European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti, first vice president of Georgia said that EBRD is an exemplary institution, which is outstanding innovator in the country. Among such projects, vice president names issuance of GEL denominated securities. Also project of the …

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EBRD Expects Georgian Economic Growth Pace to Increase in Coming Years

“Access to finances is very important for businessmen in such countries as Georgia”, the EBRD President Suma Chakrabarti told Business Course. Business companies need a simple access to finances to become competitive and penetrate EU market. “EU4Business-EBRD Credit Line provides this opportunity to business companies so as they have an …

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EBRD President Sir Suma Chakrabarti visits Georgia

The President of European Bank for Reconstruction and Development (EBRD) Sir Suma Chakrabart visited Georgia on a two-day visit. First Deputy Vice-Premier and Minister of Finance Dimitri Kumsishvili greeted honorable guest at Tbilisi International Airport. Meetings are planned with the members of the Government of Georgia within the framework of …

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Georgian Wine Documentary Screening at EBRD in London

The European Bank for Reconstruction and Development (EBRD) is hosting a screening of new Georgian documentary ‘Prime Meridian of Wine’ at its London headquarters on 5th October. In the 1960s, one of greatest discoveries in wine world was the acknowledgment of Georgia as the birthplace of wine. A young man, …

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Bruno Balvanera: Bonds are a Viable Source of Local Currency Funding

Bruno Balvanera: Bonds are a Viable Source of Local Currency Funding

Bruno Balvanera, EBRD Director for the Caucasus, Moldova and Belarus declares that the transaction sends a strong signal that bonds are a viable source of local currency funding for the private corporate sector. The EBRD invested GEL 20 million in a bond subscription by JSC Evex Medical Corporation. According to …

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Tbilisi Hosted Conference – Key Benefits and Advantages for Corporations

Tbilisi hosted conference Key Benefits and Advantages for Corporations” on July 5. Independent Directors Association and the European Bank for Reconstruction and Development (EBRD) jointly organized the conference with the support of the Ministry of Economy and Sustainable Development of Georgia. Irma Kavtaradze, Deputy Minister of Economy and Sustainable Development, Bruno …

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Raising the Profile of Traditional Georgian Dairy Products

Georgia boasts a wealth of agrifood products that are unique to the country – from Saperavi wine to sulguni cheese. Developing and promoting Geographic Indications (GIs) and other origin-based labels for such products can help the country preserve its rich food heritage, while also raising producers’ incomes and driving economic …

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Materia Shows the way Forward for Georgian Fashion

Materia Shows the way Forward for Georgian Fashion

“Materia” means fabric in Georgian, a winning name for a fashion house based in Tbilisi. Fashion House Materia offers its customers a premium clothing line Matériel and more affordable products under the Dots brand. Clothing produced by the company can be spotted being worn by representatives from various public institutions in Georgia: the army, police, post …

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EBRD Reduces Stake in TBC Bank Group

After successful establishment of Georgia’s leading bank on the London Stock Exchange. The EBRD has today reduced its stake in TBC Bank Group PLC, Georgia’s largest bank, through a sale of 1.9 million or 30 per cent of its shares. TBC Bank was successfully listed on the London Stock Exchange in …

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