TBC Bank is one of Georgia's two biggest commercial banks and is listed on the London Stock Exchange.

The $1 million round was completed by a group of eight venture capitalists and investment funds based in various countries, including the U.S., Uzbekistan, Kazakhstan, and Singapore.

Factoring is an important tool for small businesses where a lack of collateral can be a serious obstacle to growth. This service contributes to the development of local economies.

According to the Energy Ministry, electricity consumption will increase to 152.9 billion kWh by 2035, while the average annual growth in electricity consumption in 2021-2035 will increase by 2.7 percent.

The country's partners have already pledged over $5 billion in financial aid in a move to support Ukraine's economy and reform agenda.