Bank Republic will arrange a job forum at the Black Sea University today.
The bank reported yesterday it will continue to participate in the government’s internship employment program.
The bank promised to offer about 200 vacancies and three-month professional training for citizens registered in the program. Upon completion of the training, successful candidates have an opportunity to join the bank.
In the meantime, the bank plans to inform students about recruitment priorities in the bank and to eye qualified candidates during the job forum.
MCG financing repairs to Bakuriani water supply system
The Millennium Challenge Georgia Fund (MCG) signed an agreement on financing the rehabilitation of Bakuriani water supply systems.
The project will include the construction of water supply headwork and water cleanup facilities, water distribution network and water reservoirs, and the rehabilitation of the wastewater system network in Bakuriani.
When the project is finished, organizers say, Bakuriani, an important resort town, will have 24-hour safe potable water which will reduce water-borne diseases and facilitate the development of small and medium entrepreneurship in the region.
EBRD and MFO Credo boost Georgia’s micro enterprises
The EBRD is lending USD 1.5 million to the microfinance organization Credo.
The credit line will be used to provide local micro entrepreneurs with access to longer-term financing for agricultural and tourism business, as well as individual, urban and household loans, focusing on regions outside of the capital.
Established in 1997 by World Vision International, Credo is a leading micro finance institution (MFI) ranked second by size of its loan portfolio in Georgia, where it has ten branches.
EBRD said the loan will enable Credo to implement expansion plans and increase lending operations, creating more opportunities for the smallest of borrowers in Georgia’s rural areas.
The potential market for micro lending in rural Georgia is large, said Michael Davey, EBRD director for the Caucasus. Despite growing competition between banks, it continues to remain the most underserved market segment, he said.
Tbilisi to host Georgian-Chinese business forum
Chinese businessmen will arrive in Tbilisi in two weeks for a business forum on March 26.
The Georgian Chamber of Trade and Industry says the forum will host Chinese entrepreneurs from different sectors, including construction, pharmaceuticals, tourism, real estate and communications.
The businessmen will represent the eastern coastal province of Zhejiang.
