Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Tuesday, February 28, 2017

EIB to lend Bank of Georgia $44.7 million for development projects

The European Investment Bank (EIB) said on Thursday that it will lend $44.7 million to the Bank of Georgia in support of smaller companies. This funding will be used to facilitate private-sector development for small and medium-size enterprises (SMEs) and midcap companies, as well as economic and social infrastructure, climate-change mitigation and adaptation initiatives. Read More »

EBRD: Aid to reform-minded Ukraine likely to continue

European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti said on Thursday that Ukraine's commitment to financial reforms will be met with the bank increasing its investments in the country. Chakrabarti also said that Ukrainian officials within the banking and energy sectors should work to attract more investors seeking opportunities. EBRD support in Ukraine totaled approximately $1.34 billion in 2014. Read More »

Belarus, Algeria chambers of commerce reach cooperative agreement

A memorandum of cooperation was signed between the Belarus Chamber of Commerce and Industry (BCCI) and the Algerian Chamber of Commerce and Industry (ACCI), the former announced on April 28. Following the meeting between each respective country's chambers, business representatives had the opportunity to make connections with representatives of approximately 50 companies during the meeting in Algeria. Read More »

EBRD support helping open Georgia to global markets

Two airports and one sea port in Georgia that have received prior European Bank for Reconstruction and Development (EBRD) have helped the country open up to international markets, an EBRD report stated on Friday. International airports in Tbilisi and Batumi were recipients of $25.9 million in financing in order to construct new facilities at both airports including a new international terminal at Tbilisi and renovations to runways and new equipment purchases have allowed increased traffic into a Read More »

ADB announces $120 million in financing to aid Azerbaijan's smaller businesses

The Asian Development Bank (ADB) announced that it has approved financing packages for three financing institution on Azerbaijan that amounts to approximately $120 million on Saturday. This funding which has been approved to be utilized through Finca Azerbaijan, AccessBank Azerbaijan and DemirBank for use by the country's small and medium-sized enterprises (SMES) and other, smaller companies. Read More »