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Tag Archives: Suma Chakrabarti

EBRD President: Georgia is Improving Investment Climate

EBRD

Minster of Finance Mamuka Bakhtadze has met with EBRD President Suma Chakrabarti as part of his visit to Great Britain. The parties positively appraised EBRD’s performance in Georgia and discussed the ongoing and planned projects. The parties made emphasis on such priorities as: development of municipal infrastructure, the banking sector, …

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EBRD President Names Challenges before Georgian Business

“Need of domestic currency denominated financial resources is one of the key challenges before Georgian business”, EBRD President Suma Chakrabarti told Business Course. Foreign currency denominated loans bring risks to small and medium businesses, the EBRD president added. “Attainability of financial resources is very important for business sector of Georgia”, …

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EBRD Implemented Projects of More than $3 billion in Georgia

EBRDEBRD

After the meeting with the President of European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti, first vice president of Georgia said that EBRD is an exemplary institution, which is outstanding innovator in the country. Among such projects, vice president names issuance of GEL denominated securities. Also project of the …

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EBRD Expects Georgian Economic Growth Pace to Increase in Coming Years

“Access to finances is very important for businessmen in such countries as Georgia”, the EBRD President Suma Chakrabarti told Business Course. Business companies need a simple access to finances to become competitive and penetrate EU market. “EU4Business-EBRD Credit Line provides this opportunity to business companies so as they have an …

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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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Davos’16: PM Meets with President of the EBRD Suma Chakrabarti

Davos'16: The Prime Minister of Georgia Met President of the European Bank for Reconstruction and Development (the EBRD) Suma Chakrabarti

The EBRD will continue close cooperation with Georgia in the future. The volume of investment and financial aid will be increased in 2016 – respective information was provided by the President of the European Bank of Reconstruction and Develompent, Suma Chakrabarti to Giorgi Kvirikashvili. Their meeting took place within the …

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