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Tag Archives: EBRD

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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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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