Run-off votes were held last weekend in the poll, seen as a test for the ruling party after a year-long standoff between the Georgian Dream and the opposition United National Movement,

Gross domestic product (GDP) grew by 11.3 percent year-on-year in January-September after contracting 5.0 percent in the same period last year.

The EBRD is providing a 25 million euro loan for on-lending to local firms, with at least 70 percent of that aimed at financing investments in green technologies.

Gross domestic product (GDP) grew by 12 percent year-on-year in January-August after contracting 5.6 percent in the same period last year.

Inflation has exceeded the central bank’s 3 percent target for several months. Annual price growth was 12.3 percent in September, down from a record high of 12.8 percent in August.

The loan will finance two residential complexes, providing over 3,700 affordable and energy-efficient apartments for people on low- to middle-incomes.