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Tag Archives: EBRD

EBRD Issues First Public Bond in Georgian Lari

The European Bank for Reconstruction and Development (EBRD) issued its first public bond in Georgia’s lari currency, as it looks to raise funds for local projects and develop the country’s debt market. The EBRD said on Monday the five-year bond, worth 107 million lari ($49 million), was placed on the …

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EBRD Plans to Finance Beer Plant Project of Teliani Valley

EBRD Plans to Finance Beer Plant Project of Teliani Valley

Teliani Valley plans to gain funding from EBRD for construction of beer plant. The financing will consist of a senior (A/B) and a parallel loan in aggregate amount of up to €18.5 million in the total project of 37 million. The credit consist of  3 parts: A Loan for the EBRD’s …

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150 New Buses will Appear in Tbilisi from September

150 New Buses will Appear in Tbilisi from September

In September 2016, modern, safe and convenient new buses will appear in Tbilisi. However, the City Hall is expecting the final decision the European Bank for Reconstruction and Development (EBRD) will make. “Almost everything is completed and the bringing of the new buses have been already resolved, but the final word should say …

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MagtiCom Wants to Attract 100 mln USD from EBRD

MagtiCom Wants to Attract 100 mln USD from EBRD

MagtiCom wants to attract up to US$ 100 million senior A/B Loan from EBRD. The use of proceeds is to finance acquisition of retail assets of Caucasus Online (“CO”). European Bank for Reconstruction and development (EBRD) has already started considering of senior A/B Loan. Up to US$ 100 million senior …

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The Representatives of JSC Partneship Fund Met with the Regional Director of EBRD

The Representatives of JSC Partneship Fund Met with the Regional Director of EBRD

The representatives of JSC Partneship Fund had a meeting with the Regional Director of EBRD. The European Bank for Reconstruction and Development (EBRD), Director for Energy and Natural Resources, Russia and Central Asia, Aida Sitdikova, met with the representatives of JSC Partnership Fund. As the Partnership Fund noted, the representatives of JSC Partnership Fund with …

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Bruno Balvanera: Investors’ Appetite is Increased on GEL

Bruno Balvanera: Investors’ Appetite is Increased on GEL

Bruno Balvanera, EBRD Regional Director has declared on rising trend of GEL through 8 weeks. However, he expects its maintenance. Bruno Balvanera noted with TV-company Maestro that local currency is strengthened by 2/5 through a month and half, which is important as it raises the trust. The result is clear …

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EBRD Affirmed Credit Line of 100 Million for Bank of Georgia

EBRD Affirmed Credit Line of 100 Million for Bank of Georgia

A credit line of 100 million has been approved to Bank of Georgia. To note, 50 million USD of the sum is envisaged for enterprise development support, 40 million USD to fund this segment separately and 10 million USD to fund women entrepreneurs operating in this segment. The funds will …

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Shuakhevi HPP is Unique Project Meeting All International Standards

Shuakhevi HPP is Unique Project Meeting All International Standards

The Shuakhevi HPP Cascade construction works will end in autumn 2016. Total investments portfolio makes up 416 million USD. The electricity generated by Shuakhevi HPP will fully remain in Georgia over the winter period, while the country will export excessive energy in summer period. At this stage, 80% of the …

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EBRD Supports Development of New Hospital in Tbilisi

The EBRD is financing the development of a new hospital in Tbilisi with a US$10 million loan to JSC Medical Corporation Evex (Evex) to establish a state-of-the-art facility in the Georgian capital. Evex has been operating since 2009 and is fully owned by Georgia Healthcare Group (GHG) PLC. Established in …

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The EBRD to fund Evex With a US$10 Million Loan

The EBRD to fund Evex With a US$10 Million Loan

The EBRD is financing the development of a new hospital in Tbilisi with a US$10 million loan to JSC Medical Corporation Evex (Evex). The EBRD financing will allow Evex to renovate and refurbish the Deka hospital in Tbilisi by mid-2017. The clinic is located in Tbilisi. European Bank regards, that the new …

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34 Million Dollars Allocated for Tbilisi Bus Renovation

34 Million Dollars Allocated for Tbilisi Bus Renovation

It is decided 34 million USD to be allocated by EBRD for Tbilisi Buses renovation in upcoming future. In London, the Minister of Finance Nodar Khaduri, and the president of European Bank for Reconstruction and Development (EBRD) Sir Suma Chakrabarti have signed a loan and grant agreements, under which “Tbilisi …

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EBRD Upgrades Georgia’s Economic Growth Forecast to 3.4%

EBRD Upgrades Georgia’s Economic Growth Forecast to 3.4%

The European Bank for Reconstruction and Development (EBRD) has upgraded Georgia’s economic growth forecast by 0.8 point. According to the bank’s recent prognosis, Georgia’s economy will grow by 3.4% in 2016, up from 2.6% forecast released in November 2015. The EBRD forecast is based on expectations from coming tourism season …

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