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EBRD TO PARTICIPATE IN REHABILITATION OF RUSSIA-GEORGIA-ARMENIA GAS PIPELINE
Prime News Agency, Georgia
March 16 2006
Tbilisi, March 16 (Prime-News) - European Bank for Reconstruction and
Development (EBRD) is satisfied with economic reforms implemented
in Georgia and in 2006 intends to invest about EUR 90 million in
Georgian economy.
Nikolay Hadjiski, permanent representative of the EBRD in Georgia,
stated about that noting that amount of the funding could be increased,
Reuter informs.
According to the EBRD representative, improvement of energy supply
in the regions of Georgia will allow the Bank to implement more
projects there.
Besides, the EBRD intends to participate in rehabilitation of the gas
pipeline, which is used for import of gas from the Russian Federation
to Georgia and Armenia.
EBRD plans to expand its activity in banking sector of Georgia by
means of opening credit lines and participation in banks' capital.
From: Emil Lazarian | Ararat NewsPress
Prime News Agency, Georgia
March 16 2006
Tbilisi, March 16 (Prime-News) - European Bank for Reconstruction and
Development (EBRD) is satisfied with economic reforms implemented
in Georgia and in 2006 intends to invest about EUR 90 million in
Georgian economy.
Nikolay Hadjiski, permanent representative of the EBRD in Georgia,
stated about that noting that amount of the funding could be increased,
Reuter informs.
According to the EBRD representative, improvement of energy supply
in the regions of Georgia will allow the Bank to implement more
projects there.
Besides, the EBRD intends to participate in rehabilitation of the gas
pipeline, which is used for import of gas from the Russian Federation
to Georgia and Armenia.
EBRD plans to expand its activity in banking sector of Georgia by
means of opening credit lines and participation in banks' capital.
From: Emil Lazarian | Ararat NewsPress