Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Tbilisi, November 20 (Xinhua) — By the end of this year, the European Bank for Reconstruction and Development (EBRD) will provide approximately €300 million in private sector financing to Georgia. This was announced on Thursday by EBRD Regional Director for the Caucasus, Alkis Vrienios Drakinos.
A. V. Drakinos made the corresponding statement during the annual conference “Black Sea Platform”, organized by the European Union-Georgia Business Council.
According to A. V. Drakinos, the decision to allocate this amount reflects the EBRD's commitment to continuing to support the development of the Georgian economy and small and medium-sized businesses in the country. "This year, we are investing in various sectors, banks, and small and medium-sized enterprises in Georgia," he emphasized.
He noted that the bank is currently focused on developing and monitoring current projects, as well as implementing priority regional initiatives. "We will continue to study and develop projects of strategic importance for the region," added A.V. Drakinos.
The EBRD Regional Director for the Caucasus also emphasized Georgia's key role in implementing the Middle Corridor initiative. "The entire Caucasus must play a crucial role in connecting Asia and Europe. The EBRD is interested in participating in all processes, discussions, and project study stages to make the Middle Corridor a feasible and viable route between Europe and Asia," he noted.
According to him, the bank is already actively working in countries along the corridor from Central Asia to the Caucasus: for example, in Georgia, it has invested in railway and road projects. –0–
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