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EBRD to create regional office in Georgia

Business Materials 12 July 2006 19:31 (UTC +04:00)

By 2010, the European Bank for Reconstruction and Development (EBRD) will close its offices in 8 European Union member-countries. The credit finance presented to these countries will be in future directed toward other countries where the bank functions, Raymond Chonvey, the head of the EBRD office in Azerbaijan, told, Trend reports.

Besides, the bank is intending to open its regional office in Georgia, of which work will be directed towards the countries of South Caucasus and Moldova. It will allow to simplify the work with the countries, because the sector specialists who are in London at the moment will work at this office to accelerate the interaction with countries.

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