All news related to Georgia

EBRD receives €87 million from GCF to support to support climate-focused urban development in Armenia, Georgia and other countries

23.10.2018 17:40

EBRD receives €87 million from GCF to support to support climate-focused urban development in Armenia, Georgia and other countries

YEREVAN, October 23 /ARKA/. The EBRD said it has received a €87 million contribution approved by the Green Climate Fund’s (GCF) Board. The funding will support the EBRD’s Green Cities Facility for climate-focused sustainable urban development in Albania, Armenia, Georgia, Jordan, FYR Macedonia, Moldova, Mongolia, Serbia and Tunisia.

EBRD and GCF financing will help cities and municipal utility companies to tackle their most pressing climate challenges such as greenhouse gas emissions, climate change adaptation, energy intensity, solid waste management, replacement of inefficient street lighting and water service management.

Through the Facility’s support, EBRD cities will develop Green City Action Plans (GCAPs) to identify priorities and actions to overcome environmental, social and economic challenges. Globally, cities account for around 70 per cent of CO2 emissions and action is urgent.

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New money transfer service is available to holders of VTB Bank (Armenia) cards

15.12.2017 16:04

New money transfer service is available to holders of VTB Bank (Armenia) cards

A new service launched by the Russian VTB Group enables customers of any Russian bank to make instantaneous money transfers to the banking cards of VTB’s subsidiaries

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Mellat Bank Yerevan to open branch in Georgia

10.05.2017 18:32

Mellat Bank Yerevan to open branch in Georgia

Mellat Bank Yerevan, a subsidiary of Iran’s Bank Mellat, will open a new branch in Georgia by the end of the first half of the current Iranian year (Sept. 22), Bank Mellat’s chief executive said, according to Financial Tribune

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Armenian direct investments in Georgia dropped by 52.8% last year to $5.6 million

07.04.2017 16:53

Armenian direct investments in Georgia dropped by 52.8% last year to $5.6 million

Armenia’s direct investments in Georgia in 2016 amounted to $5.6 million, by $6.3 (52.8%) million down from the previous year, according to the National Statistics Service of Georgia

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ADB to help improve strategic road connection on Armenia -Georgia border

03.11.2016 17:27

ADB to help improve strategic road connection on Armenia -Georgia border

YEREVAN, ARMENIA – The Asian Development Bank (ADB) said it has approved a $50 million loan to improve the transport efficiency and safety of the M6 Highway from Vanadzor in Armenia to the border with Georgia at Bagratashen, one of the most strategic roads for internal and external trade. “Road transport plays an important role […]

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Mellat Bank considering opportunity of opening branch in Georgia

27.10.2016 13:39

Mellat Bank considering opportunity of opening branch in Georgia

Mellat Bank CJSC, fully owned by Iran’s Mellat Bank, is considering room for opening a branch in Georgia, Mohammad Bigdeli, chairman of Mellat Bank CJSC’s board, told journalists on Wednesday

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EBRD announces tender for design engineering and construction of bridge between Georgia and Armenia

06.08.2016 13:51

EBRD announces  tender for design engineering and construction of  bridge between Georgia and Armenia

The European Bank for Reconstruction and Development (EBRD) announced a two-stage tender for design engineering and construction of a bridge across the Debed River in the borderland between Georgia and Armenia

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Georgian national bank president expects no further devaluation of lari

23.09.2015 13:50

Georgian national bank president expects no further devaluation of lari

Georgia’s government and national bank will take measures to deter the lari from devaluation, if any, but no devaluation is expected now, the National Bank President Georgi Katagidze is quoted by RIA Novosti

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Kaladze: Russian economic situation contributed to depreciation of Georgian lari

05.12.2014 17:42

Kaladze: Russian economic situation contributed to depreciation of Georgian lari

The main factor that contributed to Georgian lari depreciation and the strengthening of dollar is the current situation in the Russia economy influenced in turn by international sanctions, vice-premier and minister of energy of Georgia Kakhi Kaladze said, as cited by RIA Novosti

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NASDAX OMX ARMENIA and georgian association of banks sign memorandum on cooperation

03.07.2012 13:09

NASDAX OMX ARMENIA and georgian association of banks sign memorandum on cooperation

NASDAQ OMX Armenia and Georgia’s Association of Banks signed a memorandum on

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