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Tag Archives: EBRD

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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Teliani Valley to Increase Competition on the Beer Market

Teliani Valley to Increase Competition on the Beer Market

Global Beer Georgia, subsidiary company of Teliani Valley, will also receive a grant of €73,000 to introduce energy efficient technologies from the EBRD’s FINTECC programme, co-funded by the Global Environmental Facility (GEF). The grant will go towards the construction of a CO2 recovery plant which will capture the carbon dioxide …

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IFC and EBRD to Allocate 18 million EUR to Aversi

IFC and EBRD to Allocate 18 million EUR to Aversi

International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD) will allocate 18 million EUR financial resources to Aversi Pharma. By this decision, intrnational organizations will assist the company to broaden public access to high-quality medical services in Georgia. IFC will allot 13 million EUR loan to enables …

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EBRD to fund Lukhuni 2 HPP

EBRD to fund Lukhuni 2 HPP

European Bank for Reconstruction and Development (EBRD) has approved construction and operation project of the 17.2 MW Lukhuni 2 HPP. Hydroelectric power plant will be placed on the Lukhuni River near the Uravi village in the Ambrolauri region, northern Georgia. Rustavi Group LLC is a special purpose vehicle (SPV) established …

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Balvanera Announces About the Unprecedented Contribution to Georgia

Balvanera Announces About the Unprecedented Contribution to Georgia

“I should name a record figure – investment of over 3 billion, 800 EUR on per capita”, – regional director of EBRD has announced on the unprecedented contribution to Georgia, which is a respond of important reforms for the second stage of country’s development. Bruno Balvanera estimated excise growth in …

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EBRD: Government should Cut Expenses or Set New Taxes

Government of Georgia should either cut expenses or introduce new taxes to replenish expected budget deficit in 2017, Bruno Balvanera, the EBRD director in South Caucasus, Moldova and Belarus, told eugeorgia.info. Government plans to remove profits tax to incentivize inflow of investments. At the same time, alternative sources of revenues …

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EBRD Predicts Revitalization of the Region

EBRD Predicts Revitalization of the Region

European Bank for Reconstruction and Development (EBRD) predicts revitalization of the region despite the sustained high risks. TOP- 7  (2016●2017) Georgia 3,4% ●3,9% Azerbaiajn (3,0) ●1.0% Aremnia 2.0 ●2,0% Ukraine 1,5 ●2.0% Belorussia (3.0) ●1.0% Russia (0.6) ●1.2% Turkey 3.0 ●3.0% According to European Bank, South-Eastern Europe improves rating at the …

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EBRD Updates its Transition Concept for Market Economies

The European Bank for Reconstruction and Development (EBRD) has established an updated method for measuring a country’s transition to a market economy. Initially, the EBRD created the transition concept in 1997. This was when the countries in which EBRD functioned were emerging out of communism. However, during that period, communism …

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