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Tag Archives: EBRD

Telegraph: Tbilisi Succeeds Where British Politicians Failed

Telegraph: Tbilisi Succeeds Where British Politicians Failed

The bank meeting in the Georgian capital created a genuine link between ‘advanced’ Western countries and emerging markets of the East. I spent much of last week in Tbilisi, a city of around 1.5m people on the south-eastern fringe of Europe. Sitting at the juncture of historic East-West trade routes, …

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TBC Bank Inks Three Loan Agreements Worth USD100 Million

TBC Bank Affirmed Distribution of Dividends in the Amount of GEL 54 Million

TBC Bank Group PLC said it has signed three loan agreements for a total of USD100 million, denominated in Georgian lari, with the European Bank for Reconstruction & Development. The European bank will provide the funds through three loan facilities, with USD60 million in lari to support implementation of the …

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EBRD Advice to Business: One Year in Progress

EBRD

EBRD sums up the first-year results of an initiative to assist small and medium enterprises fully enjoy benefits of the DCFTA. 100 small and medium sized companies, increased their turnover, generated additional jobs and boosted their investment opportunities, through EBRD advisory services in organizational management, food safety, financial management and …

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Government Prepares Special Presentation for EBRD’s Annual Meeting

Government Prepares Special Presentation for EBRD’s Annual Meeting

Georgian government prepares presentation of investment opportunities for EBRD’s annual meeting, which will be held in Cyprus in May, 2017. Finance Minister Dimitri Kumsishvili has declared about that at the meeting held with Bruno Balvaner, Regional Director of EBRD. According to Bruno Balvaner, merely several countries will be given presentation …

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EU4Business-EBRD Credit Line to Support free trade with the EU in Georgia

The EU4Business-EBRD credit line has provided several workshops for Georgian entrepreneurs, including nut farmers, wine exporters and meat processors, to explain how to use financing from the EBRD and EU for purchasing relevant equipment, modernising production and improving their services. “The grant component provided by the EU under the credit …

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Heineken Gets Georgia Boost with New Brewery for Licensed Production

Global Beer Georgia has secured a near-US$20m loan to build a brewery in the country that will produce Heineken brands under licence. The company, which is owned by Georgian wine producer Teliani Valley, confirmed late last week that it has qualified for an EUR18.6m (US$19.7m) syndicated loan arranged by the …

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Kurt Conti: There are New Investors in Anaklia Port Project

Kurt Conti: There are New Investors in Anaklia Port Project

Project of Anaklia Port is in the active phase. Holders of the Port are preparing for construction works and they are selecting the managing company. Investment research is being carried. Kurt Conti, co-founder of “Anaklia Development Consortium” discussed the new details of the Project to TV-program “BusinessContact”, including entrance of …

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Full Steam Ahead for Renewables in Georgia

TBC Bank, the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are joining forces to support the expansion of renewable sources of energy in Georgia. The institutions are providing a financial package of US$ 14.3 million (equivalent to approximately €13.5 million) to Rustavi Group LLC for …

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EBRD Continues to Deliver Strong Support in 2016

The European Bank for Reconstruction and Development (EBRD) continued to deliver strong support for its regions in 2016 with a powerful programme of investments that helped modernise economies and make them more robust and resilient. In another economically challenging year, the EBRD stepped up its investments in key strategic areas …

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EBRD and TBC to Invest 14.3 Million USD for Lukhumi HPP

EBRD and TBC will invest 14.3 Million USD to develop Renewable energy sources in Georgia.  “Rustavi Group” will receive 5.6 million USD from Euro Bank and 8.7 USD from TBC to build average size of Hydro Power Plant. According to EBRD, it makes the deal more stable with the European …

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