Vice-President of European Investment Bank visits Georgia
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Georgia’s Prime Minister Giorgi Kvirikashvili hosted today the Vice-President of the European Investment Bank (EIB), Vazil Hudak, at the Administration of the Government of Georgia.
Georgia’s investment environment, implemented infrastructural reforms, and on-going EIB financed projects were the main topics of discussion at the meeting.
The officials highlighted the EIB’s successful cooperation with Georgia, the Bank’s involvement in the country’s private sector operations, and its effort to increase access to the finances for small and medium-sized entrepreneurs.
PM Kvirikashvili said all of these directions were also a priority for the Government of Georgia.
Particular attention was paid to the EIB-supported program InnovFin, which enables innovative companies in Georgia to attract preferable finances.
Furthermore, PM Kvirikashvili talked about the Government’s four-point reform plan, which aims to change the country’s investment environment for the better.
The EIB has financed investment projects with €1.33 billion in Georgia’s public sector. As for the private sector, the EIB has allocated €209 million for Georgia.
The European Investment Bank (EIB) is offering €250 million to help improve regional connectivity and road transport efficiency in Georgia.
The European Investment Bank (EIB) and the European Investment Fund are implementing two new programmes in Georgia which have been developed jointly with the European Commission.
Georgia has today signed a €450 million financing agreement with the European Investment Bank to implement three major projects that will raise living standards and boost the global competitiveness of Georgia.
The European Investment Bank (EIB) is investing €450 million in Georgia to implement three major projects.
The European Investment Bank (EIB) and the European Investment Fund (EIF) – jointly the EIB Group – will allocate €100 million in loands to small and medium-sized enterprises (SMEs) in Georgia, Moldova and Ukraine.
The European Investment Bank (EIB) have signed three agreements which will make available up to 280 million GEL (about $103.24m/€87.35m*) to Georgian small and medium enterprises (SMEs).
The European Investment Bank (EIB) is offering an additional €250 million to help improve regional connectivity and road transport efficiency in Georgia. The EIB has already provided over €500 million for implementation of the ‘Georgian Transport Communication Project’.
The European Investment Bank (EIB) has lent €30 million to Georgia’s TBC Bank to broaden access to financing for small and medium-sized enterprises in the country (SMEs), which represent about 90 per cent of companies active in the country.