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Economy

EBRD to advance Renovation of Batumi City\’s Fleet with New Buses

The European Bank for Reconstruction and Development (your banker) will allocate EUR 7 million to Batumi City Municipality to get a project to grow the City’s fleet with diesel and electric buses.

To note, 5.5 million may be a loan, while 1.5 million is actually a grant. The sum will probably be allocated to …

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Banking

Bank of Georgia Starts Issuing of European Loans

Bank of Georgia starts issuing of European business loans so that you can enable entrepreneurs to export their items at the European market.

According towards bank, history of credit of 220 million GEL removed from European Bank for Reconstruction and Development (EBRD) gives opportunity of development and expansion to your business, existing in Georgia.

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Banking

EBRD Senior Banker: EBRD will keep 4% Stake after Merger of Basisbank and Bank Republic

Amalgamation of Basisbank and Bank Republic can establish a completely new successful player, the EBRD senior banker said.

At one time, Irakli Mekvabishvili stressed which the mentioned commercial banks have expressed intention for merger plus the regulatory body has not issued a due permission yet.

Mekvabishvili approved the fact that EBRD will keep a 4% stake following …

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Banking

Hualing Group Goes into Preliminary Agreement to accumulate Majority Stake of Bank Republic

The Chinese Xinjiang Hualing Industry and Trade (Group) Co., Ltd. (Hualing Group) signed a?preliminary agreement using the Societe Generale Group plus the European Bank for Reconstruction?and Development (EBRD), for the buying of Societe Generale‘s majority stake in Bank?Republic, its Georgian subsidiary.

Hualing Group, a considerable private conglomerate headquartered in Xinjiang Uygur Autonomous Region, China?plus the largest …

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Banking

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, the way it looks to lift funds for local projects and provide the country’s debt market.

The EBRD said on Monday the five-year bond, worth 107 million lari ($49 million), was added to the Georgian Stock trading game on …