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Tag Archives: OPIC

Prime Minister Appraises New Seaport and Terminal Construction in Poti

“Construction of new seaport infrastructure is one more step forward for shaping Georgia as a transport corridor connecting Europe with Asian countries”, Georgian Prime Minister Mamuka Bakhtadze noted at the ceremony of signing a 50 million USD agreement by OPIC and Pace Group. The agreement calls for building a new …

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Economy of Georgia is Open for Investments: OPIC President Ray Washburne

“Economy of Georgia is open for investments” noted Ray Washburne, President of the Overseas Private Investment Corporation (OPIC) at a meeting with Mamuka Bakhtadze, Prime Minister of Georgia during his Working Visit to USA. Head of the Government of Georgia and President of OPIC discussed the pipeline of projects intended …

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OPIC to Invest about 100 million USD in Anaklia Seaport Construction

The Overseas Private Investment Corporation (OPIC) executive vice-president David Bohigian and OPIC representatives have met with the management of Georgia-America consortium ADC and discussed funding opportunities for Anaklia Deepwater seaport. OPIC has been working on the issue of funding Anaklia deepwater seaport for several months. The financial institution plans to …

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OPIC Intends to Boost Investments in Georgia

OPIC

At the meeting held between H.E. Mamuka Bakhtadze, Prime Minister of Georgia and Mr. Kenneth Angell, Managing Director of New Investment Projects of OPIC noted that Overseas Private Investment Corporation (OPIC) intends to boost its investments in Georgia. OPIC is interested in the projects of a deep-see port of Anaklia …

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Executive Director of the Partnership Fund met Managing Director of OPIC in the USA

Executive Director of the Partnership Fund met Managing Director of OPIC in the USA

David Saganelidze, Executive Director of the Partnership Fund met Kenneth Angel, Managing Director of the Overseas Private Investment Corporation (OPIC). OPIC officially named Georgia among the priority countries and discussed Georgia as an important partner for OPIC three weeks ago. According to OPIC’s managing director, OPIC will focus on investment projects …

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OPIC to Finance Tsinandali Radisson with 10 mln

OPIC to Finance Tsinandali Radisson with 10 mln

Financing of Tsinandali Radisson project and Gazelle, as well as promotion of wine export in the USA – are topics discussed by the Partnership Fund management with the OPIC (The Overseas Private Investment Corporation). The parties discussed financing a five-star hotel “Radisson” in Tsinandali by the Overseas Private Investment Corporation US …

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The Partnership Fund to Complete the Construction of Hotel “Radisson Tsinandali” by the End of the Year

Kenneth Angell, Managing Director of the United States Government Development Financing Institute OPIC is visiting the Partnership Fund.

Kenneth Angell, Managing Director of the United States Government Development Financing Institute Overseas Private Investment Corporation (OPIC) is visiting the Partnership Fund. David Saganelidze, Executive Director of the Fund has discussed ongoing joint projects and long-term future cooperation issues with Kenneth Angell. The sides discussed the project “Radisson Tsinandali”, which is implemented …

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OPIC Investments in Georgia: A Conversation with Kenneth Angell

Overseas Private Investment Corporation (OPIC) is the U.S. government’s development financing institution. It mobilizes private capital to be able to address development challenges and in doing so we address U.S. government foreign policy and national security objectives. OPIC works in 165 countries around the world. In Georgia, since the mid-1990’s the organization …

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OPIC Significantly Increases Investment Limit of Georgia

OPIC Significantly Increases Investment Limit of Georgia

An “independent” U.S. Government agency The Overseas Private Investment Corporation (OPIC) increases investment limit in Georgia. Georgian Finance Minister Dimitri Kumsishvili and Dev Jagadesan, Acting President and CEO for OPIC have discussed the issue within the frame of a business trip to the USA. The parties have considered issues of bilateral …

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American OPIC to Build a New Harbour in Poti

The first vice-premier and minister of Economy and Sustainable Development,Dimitri Kumsishvili met the director of International Private Investment Corportation (OPIC), Kennet Angell. Vice prime minister, Kumsishvili thanked American side for all the successful projects which were implemented by the help of OPIC in Georgia. It has been noted that the …

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OPIC and Partnership Fund to Develop Mechanisms for Financing Startups

As part of the Georgian Prime Minister’s visit to the USA, the US Government development finance institute, the overseas private investment corporation (OPIC) and the partnership fund have concluded a memorandum on mutual understanding. The memorandum enables the partnership fund and OPIC to cooperate for financing projects. The memorandum was …

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