EBRD Vice-President at 16th Batumi Int’l Conference:
‘We are in search of new opportunities in Georgia’
EBRD Vice-President said that last year the EBRD made record high investments in Georgia, exceeding over €260 million. Photo: Ministry of Economy.
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The European Bank for Reconstruction and Development (EBRD) is in search of new opportunities to further increase its support in 2019, said the Vice-President of the EBRD Pierre Heilbronn at the 16th Batumi International Conference.
He said that last year the EBRD made record high investments in Georgia, exceeding over €260 million.
Ninety per cent of investments implemented by the EBRD come to the private sector”, said Heilbronn.
He said that the EBRD will further support foreign direct investments in Georgia.
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.
The European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti said Georgia is developing in the right direction at today’s meeting with Georgian Prime Minister Mamuka Bakhtadze in Tbilisi.
The European Bank for Reconstruction and Development will provide Georgia with €15 million for a solid waste management project in Tbilisi.
The European Bank for Reconstruction and Development (EBRD) increasingly trusts the government of Georgia and its economic policy, says new Managing Director for Eastern Europe and the Caucasus Matteo Patrone.
The EBRD and the EU are extending their support to small and medium-sized enterprises (SMEs) in Georgia, Moldova and Ukraine to the total of almost €1.1 billion in credit lines and trade finance and €58.3 million in EU grants.
Georgian Foreign Minister David Zalkaliani and Hungarian Foreign Minister Peter Siijarto, as well as other Georgian and Hungarian officials, concluded deals on responding to emergency situations, teaching Hungarian in Georgia, agricultural development in addition to a deal on cooperation between the Georgian Partnership Fund and the Hungarian Export-Import Bank.
Georgian Prime Minister Giorgi Gakharia has met with the First Vice President of the European Bank for Reconstruction and Development (EBRD) Jürgen Rigterink and noted the key role of the EBRD in the development of Georgia.
The presidents of the European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB) have promised to help the Georgian economy recover in a video conference with Georgian Prime Minister Giorgi Gakharia earlier today.