EBRD announces settlement with Bulgarian company PPM
The European Bank for Reconstruction and Development (EBRD) has announced a 12-month debarment of Bulgarian company Project Planning and Management Ltd (PPM) and three of its subsidiaries in connection with fraudulent practice in an EBRD-financed project.
The settlement relates to the Bazar-Korgon Water Sub-Project, which supports the modernisation and centralisation of water supply services in the city of Bazar-Korgon and neighbouring settlements in the Kyrgyz Republic.
An investigation by the EBRD’s Office of the Chief Compliance Officer (OCCO) found that PPM submitted falsified documentation regarding its key experts’ fees in relation to a tender for the project, in an attempt to secure the contract.
The settlement agreement provides for a significantly reduced sanction in light of several mitigating factors, namely PPM’s admission of culpability, and its cooperation and voluntary disclosure during settlement negotiations. This enabled the Bank to identify a prohibited practice that had previously been unknown and highlighted systemic integrity risks in another EBRD-financed project. PPM’s voluntary restraint from participating in other EBRD-financed projects was also considered.
The debarment makes PPM and its three affiliates ineligible to participate in projects and operations financed by the EBRD for 12 months.
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KFC Delivery Now Available Only Through Glovo — Everything You Need To Know About This Important Update
15.05.2026.16:22
One of the world’s most recognized fast-food brands, KFC, is changing its delivery model in the Georgian market. Starting today, KFC delivery will be available only through Glovo, the multi-category delivery platform selected by the brand as its sole partner in Georgia. The decision is aimed at improving customer experience, enhancing delivery quality, and streamlining the overall process.
A Thoughtful Business Decision
Instead of operating across multiple platforms simultaneously, KFC is choosing a closer and fully integrated partnership with one platform. For customers, this means a more stable, predictable, and high-quality service. Globally, similar approaches are often adopted when the priority is not the number of delivery platforms, but the quality of service itself. For Glovo, the partnership is another strong example of the platform’s technological capabilities and operational efficiency.
What Changes for Customers
Ordering KFC is now becoming even more convenient. The partnership improves the customer experience at every stage — from ordering to delivery. Customers can expect:
Tamta Kakuchaia, Head of Partners at Glovo Georgia, commented:
“Our partnership with KFC is a well-considered business decision. We want to offer customers a service that is even simpler, faster, and more convenient. When everything is unified within one platform, it becomes much easier to improve every stage of the process — from ordering to delivery. It is important for us that customers receive their favorite KFC products quickly, conveniently, and without interruption.”
Sandro Darsavelidze, Head of E-Commerce at KFC Georgia, added:
“For KFC customers, this essentially means bringing the delivery service as close as possible to the same experience and quality they receive directly at the restaurant. The service will become even faster and more efficient, while all updates and offers will be brought together in one space — Glovo — allowing us to focus even more directly on improving the customer experience.”
About Glovo
Glovo is a leading technology platform connecting customers, businesses, and couriers, offering multi-category, on-demand services from local restaurants, grocery stores, supermarkets, and retail shops. As one of the leaders in quick commerce, Glovo’s vision is to build the largest online marketplace, giving everyone access to any product in their city within minutes. Founded in Barcelona in 2015, the company currently operates in 22 countries across Europe, Central Asia, and Africa. For more information, visit: Glovo Official Website
About KFC
KFC (Kentucky Fried Chicken) is an American fast-food restaurant chain famous for its legendary secret chicken recipe. The company was founded in Kentucky, USA, in 1930 by Harland Sanders, who quickly became renowned for his recipes not only across America, but worldwide. In Georgia, the KFC restaurant chain has been operating since 2014 and continues to expand annually. Today, the company operates 20 restaurants across 6 cities nationwide. For more information, visit: KFC Georgia Official Website
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