The European Bank for Reconstruction and Development (EBRD) has appointed George Akhalkatsi as its new Head of Tunisia, succeeding Nodira Mansurova.

Mr Akhalkatsi will take up his new position on 1 September 2026 and will be based at the EBRD’s resident office in the capital, Tunis. He will oversee the Bank’s investments and operations in Tunisia, reporting to Mark Davis, Managing Director for the Southern and Eastern Mediterranean.

Mr Akhalkatsi, a Georgian national, joined the EBRD in 2009 and is currently Head of Armenia. In his new role, he will draw on his many years of experience in maintaining the Bank’s successful partnership with Tunisia.

Before becoming Head of Armenia, Mr Akhalkatsi worked at the EBRD’s resident office in Tbilisi and worked in the Bank’s Manufacturing and Services and Credit Risk Management teams in London.

Holding a master’s degree in law from Tbilisi State University and an MBA from INSEAD, he worked as a lawyer at the very start of his career, before moving into banking at Société Générale.

The EBRD has been operating in Tunisia since 2012. Its focus there is on helping to diversify the economy by supporting investment in various sectors, as well as promoting the development of the financial sector and small and medium-sized enterprises. 

Since the Bank began operating in the country, it has invested more than €3 billion across 90 projects, with 65 per cent of that investment going to the private sector.