Hungary EXIM Bank to open €155 million investment line for Georgia
Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said that 'the line of credit will be used by Hungarian businessmen aiming to invest in Georgia'. Photo: Nino Alavidze/Agenda.ge.
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Hungary EXIM Bank is opening a €155 million investment line for Georgia, announces Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto who is visiting Georgia.
Szijjarto explained that 'the line of credit will be used by Hungarian businessmen aiming to invest in Georgia' and expressed hope the line of credit will be fully utilised.
At a meeting with Georgian Prime Minister Giorgi Gakharia earlier today Szijjarto said that Georgia has a favourable business environment and Hungarian companies are interested to open businesses here, citing the activities of Hungarian airlines Wizz Air in Georgia.
Gakharia and Szijjarto also discussed tourism opportunities and stated that lifting travel restrictions should take place gradually and cautiously.
During his meeting with Georgian Foreign Minister David Zalkaliani which also took place today, Szijjarto said that many Hungarians are eager to visit the country and agreed to create a working group for the quick exchange of information.
Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto has met with Georgian Prime Minister Giorgi Gakharia in Tbilisi earlier today, where he said that Georgia is a leader state in the EU’s Eastern Partnership initiative and the country’s cooperation with NATO is exceptional. Szijjarto praised the reforms carried out by the Georgian government and the country’s successful fight against the coronavirus.
Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto will visit Grotgia tomorrow, on July 6.Szijjarto will be the first foreign official to visit Georgia after the lockdown due to the coronavirus pandemic.
Hungary opens €85m credit line for Georgia
Georgia is looking at ways to enhance its business ties with Hungary and attract more Hungarian investors, especially in the fields of energy, construction, agriculture and consulting.
Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto spoke about Georgian-Hungarian cooperation at today’s joint press conference with Georgian Foreign Minister Mikheil Janelidze.
Georgian Infrastructure Minister Maia Tskitishvili met with Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto earlier today to discuss cooperation opportunities between Hungarian and Georgian companies, including the development of the water sector.
The European Investment Bank Group and the Bank of Georgia have signed an agreement to supply a €60 million credit line for loans to small and medium-sized enterprises.