11.Jul.2019 19:25

EIB to finance public sector development projects in Georgia

EIB to finance public sector development projects in Georgia

The European Investment Bank (EIB) will finance public sector development projects over the next five years in Georgia.

Vice-President of the EIB Vazil Hudak and Georgian Minister of Foreign Affairs David Zalkaliani signed a memorandum of understanding today on the sidelines of the 16th Batumi International Conference.

Hudak said that in all six countries of the Eastern Partnership – Georgia, Armenia, Azerbaijan, Belarus, Moldova, and Ukraine – the EIB invested €9 billion in the past 10 years.

"But Georgia is the largest beneficiary in terms of received investments per capita… we have invested over €2 billion in infrastructure and energy, municipal sector, construction of roads and other fields in Georgia. The EIB will continue supporting Georgia as well as the other five countries of the Eastern Partnership”, said Hudak.

The Batumi 16th International Conference, dedicated to the 10th anniversary of the EU’s Eastern Partnership initiative has opened this morning with an “unprecedented number” of foreign guests, including the president of the European Council Donald Tusk, the Georgian Foreign Ministry reports.

Source - Agenda.ge

22.Jul.2019 14:54

TBC Bank and ResponsAbility Investments sign USD 10 Million Loan Agreement

22.Jul.2019 11:17

Despite the flight ban, tourism growth remains positive - TBC Research

21.Jul.2019 12:47

Georgia has exported $1.77 bn in 2019, Copper is a top export commodity

21.Jul.2019 12:33

Georgian president Zurabishvili: no deaths should occur at work sites

20.Jul.2019 15:37

President, Prime Minister on Rustavi 2 TV Ownership Dispute

19.Jul.2019 18:35

Statement of U.S. Embassy regarding Rustavi 2 Decision