Home / Tag Archives: EBRD (page 2)

Tag Archives: EBRD

EBRD to Fund Kheledula HPP Construction

EBRD to Allocate 28 million EUR for Enguri HPP Rehabilitation

The European Bank for Reconstruction and Development will finance the construction of Kheldula HPP with $ 30 million. Investment cost of the project is 87 million dollars. The EBRD clarifies that the project will help to reduce carbon intensity in Georgia and will partially meet the growing demand for the …

Read More »

Batumi Green City Action Plan Introduced

The Batumi Municipality and the European Bank for Reconstruction and Development (EBRD) jointly develop the “Green City Plan”, which will involve the EBRD Green Cities Framework Program. The project of the action plan was officially launched by Batumi Mayor Lasha Komakhidze together with the Deputy Director of EBRD Municipal Infrastructure …

Read More »

EBRD to Develop Waste Management Strategy for Tbilisi

The European Bank for Reconstruction and Development (EBRD) will develop waste management strategy for the first time in Tbilisi. According to the City Hall, the document will be created on the basis of the Association Agreement liabilities. “The developed world has realized that waste can be processed and used for …

Read More »

Turkey’s QNB Finans Leasing Receives EBRD Loan of €25 Million

The EBRD is providing a loan of €25 million to QNB Finans Finansal Kiralama A.S., a leasing subsidiary of the Turkish lender QNB Finansbank, to broaden access to finance for the country’s small and medium-sized enterprises (SMEs). The EBRD loan is extended under the third phase of the Turkey Sustainable Energy …

Read More »

Adjara Finance and Economy Ministry Spends 163 522 EUR Inefficiently

“The EBRD loan for solid wastes management project implementation was not fully employed in 2017”, the auditor’s conclusion reads regarding the financial report of Adjara Finance and Economy Ministry. According to the conclusion, under the agreement conditions, as of December 31, 2017, in terms of payment of liabilities, budget funds …

Read More »

EBRD Supports Modernisation of Private Bus Operator in Azerbaijan

The EBRD is improving public transport in the capital of Azerbaijan by supporting the acquisition of 35 new buses with a loan of the €6 million in Azeri manat equivalent for Baku, the country’s major political, administrative, financial and cultural centre with a population of around 3 million. The loan …

Read More »

EBRD Supports Renewal of Public Transport in Ukraine

The EBRD is supporting the modernisation of public transport in Ukraine with a loan of up to €13 million for the acquisition of up to 72 low-floor trolleybuses for the city of Mariupol. Senior EBRD loan of up to €13 million for up to 72 low-floor trolleybuses for Mariupol €2 …

Read More »

EBRD Approved 500 Million EUR Loan for TAP Project

EBRD Plans to Invest $400 million in Georgia

The EBRD board members approved a loan of 500 million euros for the Trans-Adriatic Pipeline Project, which provides natural gas transportation from Azerbaijan to the EU in 2020. The cost of TAP is 4.5 billion euros and one of the priority energy projects for the EU. The European Investment Bank …

Read More »

TBC Bank Acts as Underwriter of EBRD Eurobond Issue

TBC Bank has acted as lead manager and underwriter for European Bank for Reconstruction and Development  GEL 120 million Eurobond issue under EBRD’s Global Medium Term Note Programme. The bonds are to be listed on the London Stock Exchange. “We are delighted to have completed another successful transaction with EBRD. …

Read More »

EBRD Named TBC Bank most Active International Financing Bank in Georgia

The European Bank for Reconstruction and Development (EBRD) has once again named TBC Bank once again the most active bank in Georgia in terms of international trade financing. TBC Banks has received mentioned award for the fourth time.  The annual award ceremony was held in Jordan, where EBRD representatives hosted …

Read More »