Vice-President of European Investment Bank visits Georgia

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.