Home News EBRD to Invest 300m EUR in Georgian Economics in 2009

EBRD to Invest 300m EUR in Georgian Economics in 2009


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The European Bank for Reconstruction and Development (EBRD) plans to invest 300m EUR in the Georgian economics in 2009.

 

Investments will be made in infrastructure, telecommunications and transport fields, as well as the energy sector, small and medium business and the agriculture sector. Power saving devices will be also bought for enterprises with the support of banks, Jean-Marc Petershmidt, Manager of the EBRD Banking System Department, told GBC.

 

Over 150m EUR will be invested in the banking sector, Irakli Mekvabishvili, EBRD Top Banker, said.

 

In 2008 EBRD invested over 200m EUR in the banking system of Georgia. Total of USD 350m was invested in various fields.
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