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
See all the news
Agreement signed between Silknet and Euronews to launch “Euronews Georgia”
Parliament Lifts Immunity from UNM member Nika Melia
Land Sale brought GEL 20.9 million to state budget
Putin Instructed Lavrov to issue a warning for Russian travelers who plan a visit to Georgia
“APM Terminal Poti” Director – We Are Waiting for the Restoration of Our Rights
ICC: New Regulations will Cause a Cash-Flow Problems for Many Companies
Government Sells “Babylon Tower” for 24.9 million GEL
“Georgian Manganese” Enters into the Legal Dispute with its Employees
Kutaisi bypass road to be modernized as 4-line highway
Ryanair Might Start Operating in Georgia in 2020
TBC announces that it has appointed Jyrki Koskelo as a Chairman of the TBC Bank Supervisory Board
“Private sector has shared interesting ideas that I believe can become part of legal framework,"- Bakhtadze
TBC Bank acquires leading Uzbek payment platform Payme
The current account deficit amounted to 458.1million USD in the fourth quarter of 2018
Moscow Plans to Expand Canal System Between Caspian and Azov Seas - Jamestown