Giorgi Cherkezishvili at Press Conference by Green Development

Giorgi Cherkezishvili at Press Conference by Green Development

Giorgi Cherkezishvili at Press Conference by Green Development

The FINANCIAL -- “This is a very important initiative that we welcome since the capital market development reform is being implemented tight now and the Government and the National Bank is involved in the process,” – the Deputy Minister of Economy and Sustainable Development, Giorgi Cherkezishvili stated at the press conference held by the development company Green Development.

At the press conference held at the Biltmore Hotel Tbilisi, the Green Development announced that it will issue 50 obligations of 40 000 USD value (2 million USD in total) which will provide the owner with 11% annual interest, according to Ministry of Economy and Sustainable Development of Georgia.

The Green Development is the second developing company after the ‘m2’, to receive the right of issuing the obligations.