Members News

Mgaloblishvili Kipiani Dzidziguri (MKD) has successfully advised the Netherlands Development Finance Company (FMO) on the loan side and GEL bond side of the transaction to JSC Credo Bank in amount of GEL 26 million facility.

Loan proceeds are to support young entrepreneurs, residing predominantly in rural part of the country, to get access to finance for their micro, small and medium sized businesses in Georgia. Besides, the transaction will back government in de-dollarizing the country’s economy and reinforcing a local capital market.

The Dutch bank was supported and advised by Natalia Babakishvili and Victor Kipiani at Mgaloblishvili Kipiani Dzidziguri (MKD).

This firm is especially proud that the assignment is the next in the row of similar ones and we very much look forward to continuing a long-track successful cooperation with FMO in many years to come.


In this issue (click here):
Legal news:

  • Amendments to the Organic Law of Georgia – Labour Code of Georgia;
  • New Organic Law of Georgia on Labour Safety;
  • New rules for registration, manufacturing authorization and control of veterinary drugs;
  • Georgia has banned plastic bags;
  • The disposal rules of the assets of companies with state participation of more than 50%;
  • New regulations of the National Bank of Georgia.

Business news:

  • Georgia’s impressive progress in Fitch rating;
  • Georgia improves its standing in doing business 2019 ranking;
  • Free Trade Agreement with Hong-Kong came into effect;
  • Georgia ranks 16th among the best European countries for business.

European Company on Georgian insurance market – “Euroins Georgia” offers EUGBC members the special exclusive life insurance. 

EUROINS Group is the largest on the East European market and Considering Georgian Branch which was opened recently, it is operating in 10 States. The number of its clients exceeds 2 million persons and yearly turnover is up to 600 million euros.
Company is oriented toward implementation of European standards on Georgian insurance market and do hope that European level of our service will attract your attention and it will put mutually beneficial ground for the future cooperation.

By clicking here -> please find the presentation of the company

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