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Tag Archives: EBRD

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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Price is $6000 per m2 at Redix Apartments on Chavchavadze Avenue

Price is $6000 per m2 at Redix Apartments on Chavchavadze Avenue

Acquisition of an apartment at Redix Apartments on Chavchavadze Avenue will cost 4.2 million USD. Founder of Redix talked about the most expensive residential complex in the history of independent Georgia with Property Georgia. According to Lasha Papashvili, Sales of residential properties are strictly limited due to quantity. There are only 11 …

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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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