News

EBRD, EU, and TBC Bank to help Georgia companies grasp new trade opportunities

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are expanding their joint program with TBC Bank to support the development of small and medium-sized enterprises in Georgia by adopting EU standards to make them more competitive on international markets.

CAREC aviation officials discuss regional air cooperation

Aviation officials and airline representatives from 11 member countries of the CAREC Program met in Singapore to discuss potential for enhanced regional air transport connectivity and cooperation.

EBRD donors support infrastructure improvements and economic integration

The European Bank for Reconstruction and Development (EBRD) supports investments into modern energy connections and transport infrastructure from the Western Balkans to Central Asia and the southern and eastern Mediterranean. Furthermore, EBRD has designed several financial instruments to support cross-border trade.

ADB project will provide all-weather road to 30,000 people in rural Georgia

The Asian Development Bank (ADB) approved a $80 million loan to rehabilitate a secondary road in central Georgia.

ADB investment in Batumi bypass to improve logistics, transport in Georgia

The Asian Development Bank (ADB) has approved a $114 million loan to help improve regional connectivity and road transport efficiency in Georgia, while strengthening the country’s bid to become a regional transport and logistics hub.

Supporting free trade with the EU in Georgia

The European Union is the world’s largest trading block. Georgia signed a trade agreement with the EU offering access to the single market, which provides businesses in the country exactly such trading opportunities.

Full steam ahead for renewables in Georgia

TBC Bank, the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are joining forces to support the expansion of renewable sources of energy in Georgia.

EBRD adopts new country strategy for Georgia

The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has adopted a new country strategy for Georgia, which reinforces the bank’s commitment to support the country’s economy and sets out the priorities for its activities over the next four years. (Photo credit: EBRD)

Georgia: The world’s first carbon neutral hydropower project

Georgia’s newest hydroelectric power plant was constructed on the Tergi river, in the Kazbegi region, by JSC Dariali Energy, the majority of which is owned by private investors, with the support of $80 million loan from the European Bank for Reconstruction and Development (EBRD).

Visiting World Bank vice president reiterated support to Georgia

Cyril Muller, World Bank Vice President for Europe and Central Asia, commended Georgia for its steady economic growth and development priorities, as he concluded his official county visit.