02:20 GMT +317 February 2019
Listen Live

    European banks to sponsor Georgia's small, medium businesses

    Get short URL
    0 10
    TBILISI, December 21 (RIA Novosti) - The European Bank for Reconstruction and Development and TBC-bank of Georgia signed an agreement Tuesday issuing Georgia a $21-million loan, the news agency Novosti-Gruziya reported.

    A syndicate of Western banks led by the EBRD is giving Georgia a 3-year loan to finance the country's small- and medium-sized businesses, with the EBRD allocating $7 million and commercial banks contributing the other $14 million.