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Tag Archives: EBRD

EBRD has Increased Georgia’s Economic Growth Forecast

The European Bank for Reconstruction and Development is expecting  (EBRD) 4,5% economic growth in Georgia this year, which is a 0.6% increase compared with previous forecast. EBRD is expecting one of the highest growth in Georgia among Eastern Europe and the Caucasus region. The current year’s forecast for the region …

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EBRD To Discuss Georgia’s Economic Outlook in London

The European Bank for Reconstruction and Development and Emerging Europe are co-hosting the EBRD-Emerging Europe: Outlook on Georgia 2017 event at the EBRD Headquarters in London on Monday 20 November. The event will bring together policymakers, investors and prominent business people to discuss the economic outlook on Georgia and explore investment opportunities …

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Capital Market Development Issues Discussed with EBRD Representatives

Dimitri Kumsishvili, Georgia’s first vice Prime Minister and Minister of Finance, and Koba Gvenetadze, president of National Bank of Georgia (NBG), discussed capital market development issues with representatives of EBRD. The meeting was held in Washington, the USA, as part of the annual meeting of IMF and World Bank. At …

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EBRD Evaluates Implemented Projects in Georgia

According to Bruno Balvanera, Regional Director of the European Bank for Reconstruction and Development, the organization’s activity in Georgia and the share of investments is exceptionally large compared to all the countries where EBRD is doing its business. “Our activities include a variety of fields, but I would like to …

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NenskraHES Project will Continue at an Accelerated Pace

The Partnership Fund discussed construction of Nenskra Hydroelectric Power Plant at the meeting held between the Executive Director of the Fund and delegation of South Korean K-Water. Von Cheol Park, Vice-President of K-Water, Hiang Chin Kain, General Manager of Business Department and General Manager of Nenskra Hydro Business Division are …

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Georgian Tea-producing Company Modernizes and Expands

With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (ERBD) helped Geoplant, a tea-producing company in Georgia, expand into a one-stop-shop for the entire tea production process. Founded in 1996, “Geoplant” Ltd. is currently the largest tea-producing company in Georgia. The company owns …

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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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