The Caucasus lies at the border of Europe and Asia between the Black Sea and the Caspian Sea. Magnificent Caucasus Mountains are home to Europe's highest mountain, Mount Elbrus, 5,642 metres.

GMCS Caucasus is located in a beautiful and ancient city of Tbilisi, Georgia.
From this hub our team coordinates our activities in Armenia and Georgia.
Here we focus on supporting local businesses, international financial institutions and government entities in their effort to attract foreign investment.

How we can help  


We provide a wide range of services for projects financed by IFIs, as well as directly to international donor agencies.

How we do it  


GMCS GROUP provides project implementation and management services for projects financed by International Financial Institutions in full compliance with international best practices and lenders' requirements.


GMCS GROUP is qualified and experienced in providing a full range of procurement support for IFI-financed projects in Russia and the CIS. We successfully completed assignments for the World Bank, European Bank for Reconstruction and Development and Government agencies of the Russian Federation subject to RF Government Procurement law.


We offer financial advisory services to raise project financing for infrastructure and industrial projects. Our experience allows us to raise equity and debt financing on limited recourse basis.

Our project finance experts have worked on projects in the US, Latin America, Europe, Russia, Central Asia and Caucasus, the Middle East, and South-East Asia. Our experience covers Energy, Oil & Gas, Mining, Industry, Transport and Commercial Real Estate.

We are qualified to advise within a Public Private Partnership (PPP) framework as well as pure commercial projects.

As a project finance advisor, we prioritize the following objectives:

■ Devising a viable project structure that provides efficient risk allocation in line with senior lenders’ expectations;

■ Maximizing the debt portion in the overall financing package;

■ Minimizing lenders’ covenants and restrictions on the project;

■ Negotiating the best financing terms available in the market, and

■ Increasing project returns for the sponsors

Our Project Finance Advisory practice is lead from Zurich with full access to GMCS network and resources.


GMCS Caucasus

GMCS is a growing business. We are always looking for the right people who share our values and want to grow with us.

Join our TEAM  



Solid waste project
In early 2016, GMCS was awarded a consultancy contract by Yerevan Municipality to help to improve the municipal solid waste management system in Armenia’s capital. The Yerevan Solid Waste Projects was developed due to the current technical problems and the negative environmental footprint the city’s waste management currently has.

Main project objective is construction of a new sanitary landfill, and GMCS team is providing full project implementation support, engineering design services, as well as procurement and contract supervision. Our team of local and international experts has solid practical experience in the field of solid waste management and we are confident that successful project implementation will have a significant positive impact for Yerevan’s citizens and Armenia’s environment generally.

Management Plan

SW Management Programme



Wastewater Project
The implementation of this project, using the latest methods of wastewater treatment, will allow to control the discharge of treated wastewater. The modernization of the sewage infrastructure will reduce the pollution of sea water and will have a positive impact on public health. The overall objective of the GMCS as a Consultant is to facilitate the timely and effective implementation of the Project. The Consultant shall provide assistance in procurement of good, works and services completely in accordance with the procedures, specifications and documentation of EBRD. On 5-9 December 2016, the Consultant’s team held the project kick-off meetings, which was attended by the representatives of the Municipal Development Fund, the leadership of the Municipality of Kobuleti, the specialists of the Kobuleti Water Company and the EBRD (see



IFC in Armenia
UNDP Armenia
UNDP Georgia

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