Basisbank and BSTDB New Partnership to Support SMEs and Green Investments in Georgia
The Black Sea Trade and Development Bank (BSTDB) is stepping up its support for entrepreneurship and sustainable growth in Georgia with a new combined financing facility to Basisbank, further reinforcing its role as a catalyst for inclusive and green economic development in the region.
Under the approved facility of USD 25 million, BSTDB will channel fresh funding through Basisbank—a longstanding and trusted partner—to expand access to finance for small and medium-sized enterprises (SMEs) and environmentally responsible projects, unlocking growth opportunities while advancing climate-conscious investments.
Fully aligned with BSTDB’s SME Strategy and Climate Change Strategy, the facility is designed to empower businesses, stimulate innovation, and support the country’s transition toward a more sustainable and resilient economy.
Commenting on the deal, BSTDB President Dr. Serhat Köksal said: “Empowering SMEs and advancing green transformation are at the heart of BSTDB’s mission. By joining forces with strong local partners like Basisbank, we are not only expanding access to finance but also enabling businesses to grow, innovate, and contribute to a more sustainable future. The new facility reflects our strong commitment to delivering tangible impact where it matters most.”
“We are delighted to continue and deepen our successful cooperation with BSTDB through this new financing package. The facility will help us provide greater support to Georgian SMEs and strengthen our efforts in financing environmentally responsible investments. We believe this partnership creates meaningful opportunities for businesses and contributes to more sustainable economic growth in Georgia.” – said David Tsaava, General Director of JSC Basisbank.
BSTDB remains committed to working closely with financial institutions across the Black Sea region to deliver impactful financing solutions that promote competitiveness, sustainability, and long-term economic resilience.
JSC Basisbank is the 3rd biggest bank in business finance and the 4th largest bank in retail services in Georgia. The bank provides industry expertise, top-notch banking, insurance, and leasing products and services across the country, establishing itself as one of the significant market players in Georgia. Its strong collaboration with partner international financial institutions gives Basisbank a distinct advantage as a trusted partner to many, highly rated international financial institutions, commercial banks and investment funds from all around the world including the Asian region. For more information, visit www.basisbank.ge
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.
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Kazakhstan announces just energy transition investment platform
23.04.2026.16:59
Kazakhstan has today, at the Regional Ecological Summit 2026 in Astana, announced its just energy transition investment platform (QaJET), as part of its climate, economic resilience and development goals.
QaJET reflects the country’s ambition to advance clean energy transition by deploying 10 GW of new renewable capacity by 2035. This will entail around US$ 20 billion (€17.4 billion) of investment from a range of private and state sources, and will lead to the reduction of greenhouse gas (GHG) emissions by more than 20 million tonnes a year. This represents approximately 7 per cent of the country’s energy-related GHG emissions.
A memorandum of understanding (MoU) was signed by Kazakhstan’s Minister of Energy Yerlan Akkenzhenov, Minister of Ecology and Natural Resources Yerlan Nyssanbayev, and EBRD Managing Director, Central Asia and Mongolia, Hüseyin Özhan. The MoU establishes the foundation for cooperation with international financial institutions, donors, philanthropic organisations and private investors supporting QaJET’s implementation.
This is a significant milestone for Kazakhstan, which has a carbon-intensive heavy industry and relies significantly on coal for electricity generation. At the request of the government of Kazakhstan, the EBRD has been helping the ministries to develop the concept of QaJET and will continue to lead the coordination of its implementation with national and international partners.
QaJET reinforces Kazakhstan’s existing commitment to achieving carbon neutrality by 2060 and, as set out in its Nationally Determined Contribution, to reducing its net GHG emissions by up to 25 per cent by 2030 compared to 1990 levels.
In addition, the QaJET platform will contribute to greater energy security for the country, improve economic competitiveness and resilience, and stimulate the local production of technologically advanced renewable energy components and related services.
Areas of cooperation under QaJET will include:
The EBRD will draw on lessons learned from previous EBRD-supported country platforms, such as Egypt’s Nexus for Water, Food and Energy (NWFE) – Energy Pillar, the North Macedonia Just Energy Transition Investment Platform (JETIP), and the Türkiye Industrial Decarbonisation Investment Platform (TIDIP).
The EBRD has invested almost US$ 12 billion (€10.2 billion) in Kazakhstan to date through 345 projects, making the country the largest and longest‑running recipient of EBRD investment in Central Asia.
