14:02 GMT +318 February 2018
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    European banks to sponsor Georgia's small, medium businesses

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    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.

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