(IN BRIEF) Bentley Motors is expanding into Georgia with the launch of Bentley Tbilisi, operated by Tegeta, its exclusive local retailer. The new facilities, including a 330-square-meter showroom and 730-square-meter workshop, are located on Aghmashenebeli Alley in Tbilisi and are … Read the full press release
Posted in Automotive, Business, Environment, Financial, Government, Industrial, Investment, Management, News, Technology, United Kingdom
Tagged Bentley Motors, Bentley Tbilisi, GEORGIA, partnership, Richard Leopold, sustainability
(IN BRIEF) Skanska has secured a supplemental contract worth USD 203 million to expand a data center in Georgia, USA. The project includes constructing a 244,090 square-foot facility with additional site work, underground utilities, and the fitout of administrative spaces … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged data center, GEORGIA, partnership, Skanska, sustainability, USA
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested $40 million in Georgia Global Utilities’ (GGU) second green Eurobond issuance, which totals $300 million. This funding aims to improve Tbilisi’s water infrastructure. The issuance is also backed … Read the full press release
(IN BRIEF) Orange and Silknet, Georgia’s prominent telecommunications providers, have forged a strategic partnership under the Orange Alliance program, effective June 3, 2024, aimed at bolstering Silknet’s capabilities across B2C, B2B, and ICT sectors with Orange’s expertise and innovative solutions. … Read the full press release
Posted in Business, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom
Tagged Bruno Zerbib, George Ramishvili, GEORGIA, INNOVATION, Orange, partnership, Silkne, sustainability, TELECOM
(IN BRIEF) VINCI Highways, a subsidiary of VINCI Concessions, secures contracts in Georgia and Texas, marking its entry into the toll services market in Georgia and strengthening its presence in Texas. The Georgia State Road and Tollway Authority (SRTA) entrusts … Read the full press release
Posted in Business, Financial, France, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged GEORGIA, partnership, Texas, U.S. Toll Services, VINCI Highways
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has injected US$60 million into TBC Bank Georgia’s public placement of US$300 million Additional Tier 1 (AT1) capital notes, marking TBC’s return to international capital markets since 2019. This investment, … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, United Kingdom
Tagged EBRD, GEORGIA, investment, partnership, TBC Bank
(IN BRIEF) Saint-Gobain has initiated very low carbon production of siding at its US manufacturing sites in Kansas, Georgia, and Maryland, resulting in a remarkable 96% reduction in scope 1 and 2 emissions. This achievement is driven by the electrification … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, France, Industrial
Tagged 100% renewably sourced electricity, carbon-neutral economy, electrification of its manufacturing, GEORGIA, glass, glass wool, Kansas, Maryland, McPherson, net zero emission, plasterboard, renewable electricity, Saint-Gobain, scope 1 emission, scope 2 emission, siding, Social Circle, sustainable construction, US manufacturing sites, US siding manufacturing, very low carbon production, Williamsport
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), with support from the European Union (EU) and Sweden, is extending an €8 million loan to ProCredit Bank in Georgia to boost lending to women-led micro, small, and medium-sized enterprises … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged businesses, EBRD, empower women, EU, GEORGIA, leadership, partnership, ProCredit Bank, SMEs, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €22 million loan to Tbilservice Group, aimed at enhancing Tbilisi’s solid waste management and disposal system. This funding, co-financed by the Green Climate Fund, will facilitate the … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has signed a guarantee agreement with TBC Bank, supported by the European Union, to provide favorable financing terms and reduced collateral requirements for the local private sector in Georgia. This partnership will enable … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged EIB, European Union, GEORGIA, partnership, Paweł Herczyński, SME, sustainability, TBC Bank, Teresa Czerwinska, Vakhtang Butskhrikidze
(IN BRIEF) Food Alliance, a Georgian frozen pastry producer, has received support from the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) through the EU4Business-EBRD Credit Line in Georgia since 2017. This assistance includes modern equipment, … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged EBRD, European Union (EU), Financial, Food Alliance, GEORGIA, investment, partnership, SMEs, sustinability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are intensifying their support for micro, small, and medium-sized enterprises (MSMEs) in Georgia through a partnership with ProCredit Bank. ProCredit Bank, a trusted EBRD partner … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged EBRD, EU, GEORGIA, green investments, MSMEs, partnership, ProCredit Bank, sustainability
(IN BRIEF) The European Investment Bank (EIB) applauds the European Council’s decision to initiate EU accession negotiations with Ukraine and Moldova, while also granting candidate country status to Georgia. EIB President Werner Hoyer emphasizes the positive impact of enlargement on … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, Moldova, News, Ukraine
Tagged EU, European Investment Bank, GEORGIA, MOLDOVA, partnership, sustainability, UKRAINE, Werner Hoyer
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is strengthening its collaboration with Georgia’s leading financial institution, TBC Bank, by providing a $30 million (€28.1 million) financing facility. This funding is aimed at bolstering TBC Bank’s capital base … Read the full press release
Posted in Banks, Business, Environment, Financial, Government, Industrial, Investment, Management, News, United Kingdom
Tagged Alkis Vryenios Drakinos, Climate Governance, EBRD, GEORGIA, partnership, sustainability, TBC Bank, Vakhtang Butskhrikidze
(IN BRIEF) Eurojust, at the request of Swiss authorities, has organized a series of actions against an online fraud network operating in multiple EU Member States, Georgia, and Ukraine. The investigation into this investment scam began in October 2019, revealing … Read the full press release
Posted in Business, Financial, Government, Industrial, International Trade, Internet & Online, Investment, Law, Management, Netherlands, News, Ukraine
Tagged Eurojust, EUROPOL, GEORGIA, international, investment scam, Online Fraud Network, partnership, UKRAINE
(IN BRIEF) The Ubisa-Shorapani section of Georgia’s East-West Highway, a crucial part of the Trans-European Transport Network (TEN-T) and the Middle Corridor, was officially opened on October 28, 2023. This section is one of seven supported by the European Union … Read the full press release
Posted in Banks, Business, Construction, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged East-West Highway, EIB, EU, GEORGIA, Irakli Garibashvili, Irakli Karseladze, Maciej Czura, Middle Corridor, partnership, Paweł Herczyński, Regional Connectivity, sustainability, TEN-T, Teresa Czerwinska
(IN BRIEF) The EU, represented by Commissioner Olivér Várhelyi and EIB President Werner Hoyer, has announced a €16 million grant through EIB Global to enhance road safety in Georgia along the East-West highway. The project aims to improve physical safety … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Security & Safety
Tagged East-West Highway, EIB, EIB Global, EU, GEORGIA, Irakli Garibashvili, Olivér Várhelyi, partnership, road safety, sustainability, Werner Hoyer
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU) and Sweden, is providing a $20 million loan to TBC Bank in Georgia. This financing is aimed at bolstering lending opportunities for micro, … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Industrial, Investment, Management, News, Small Business, Society, Sweden, United Kingdom
Tagged EBRD, EU, Francis Malige, GEORGIA, Giorgi Megrelishvili, Lawrence Meredith, MSMEs, partnership, sustainability, Sweden, TBC Bank, women empowerment
(IN BRIEF) GRC, the leading producer of building materials in Georgia, has partnered with the European Union (EU) and the EBRD to expand its product portfolio by introducing rain gutter systems. The EU4Business-EBRD Credit Line supported GRC’s investment in modern … Read the full press release
Posted in Banks, Business, Construction, Financial, Industrial, Investment, United Kingdom
Tagged building materials, construction, EBRD, EU, EU4Business, EU4Business-EBRD credit line, European Union, GEORGIA, GRC, home improvement materials, Jaba Janelidze, ProCredit Bank, rain gutter systems, roofing
(IN BRIEF) International technology group ANDRITZ has received an order from Steves & Sons, Inc. to supply two pressurized refining systems for Steves’ new mill in Athens, Georgia. The state-of-the-art systems will process a mix of hardwood and softwood chips … Read the full press release
Posted in Austria, Business, Industrial, Technology
Tagged Andritz, C-feeder, fibers, GEORGIA, molded door skins, pressurized refining systems, Stephen Brien, Steves & Sons, United States
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