BAKU, Azerbaijan, September 1. Alkis Vryenios Drakinos has been appointed as Director, Regional Head of the Caucasus for the European Bank for Reconstruction and Development (EBRD), the bank told TurkicWorld.

He will take up his role on 1 September 2023 and will be based in Tbilisi. Drakinos will lead the Bank’s operations in Azerbaijan, Armenia, and Georgia.

"I am delighted to return to the Caucasus and look forward to taking on this exciting mandate, building on my previous experience of the region and track record with the EBRD. Supporting the Caucasus is a central priority for the Bank. The region has great potential for further development and integration into the global economy, and I am keen to start working with the local EBRD teams to make a tangible contribution to the success of these economies," he said.

To date, the Bank has invested more than €10 billion in 680 projects in the Caucasus, in the financial, corporate, infrastructure and energy sectors, with the majority of those investments supporting private sector development.