EIB, European Council presidents open new EU premises in Georgia
The new offices will accommodate over 60 staff in a modern and new energy efficient building at 64b Ilia Chavchavadze Avenue in the Georgian capital city of Tbilisi. Screenshot from EIB video.
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The European Investment Bank President Werner Hoyer and the European Council President Charles Michel have opened the new premises of the EU Delegation and EIB Regional office in Georgia.
In addition, Hoyer signed a new loan extending Covid-19 response measures to the existing credit line at Liberty Bank for a total of €17.5 million.
The new offices will accommodate over 60 staff in a modern and new energy efficient building at 64b Ilia Chavchavadze Avenue in the Georgian capital city of Tbilisi.
????????????????????????Proud to have been part of the opening of @EUinGeorgia & EIB premises in #Tbilisi alongside @eucopresident Charles Michel! This is how the #EU & its bank work jointly to guarantee #Georgia's development & strong recovery from the #COVID19 pandemic https://t.co/oLhR1cQbTB pic.twitter.com/mTGC4zOLwn
— European Investment Bank (@EIB) March 2, 2021
As for the loan, it reinforces Team Europe’s support for the recovery of Georgian MSMEs from the Covid-19 pandemic and will sustain jobs, maintain liquidity and operations, and fuel the economic recovery of Georgia
Last year alone we boosted Georgian recovery from Covid-19 with support worth €170 million: €70 million in new lending for MSMEs, and €100 million to reinforce the national healthcare sector’s ability to deal with the pandemic. Today, the EIB has increased both the amount and the attractiveness of our loans available to MSMEs as this is the first loan that the EU bank has provided to a counterpart in Georgia in local currency", Hoyer said.
While in Georgia Hoyer also met Georgian Finance Minister Ivane Matchavariani, Economy Minister Natia Turnava and Infrastructure Minister Irakli Karseladze.
Matchavariani thanked Hoyer for the EIB's support to the development and promotion of Georgia's strategic transport infrastructure, which is important for increasing the country's competitiveness and transit function.
Hoyer also visited the Scientific-Research Centre of Agriculture located in the Georgian village of Jighaura together with the Minister of Agriculture Levan Davitashvili, where he saw the collection of the Georgian vine varieties. He met local farmers and the manufacturers who have benefited from the EU financial support.
Hoyer visited the Scientific-Research Centre of Agriculture located in the Georgian village of Jighaura. Photo: Ministry of Agriculture.
While in Georgia Hoyer also met the National Bank of Georgia President Koba Gvenetadze.
At the meeting, Gvenetadze underlined the close business relations between the National Bank of Georgia and the European Investment Bank.
Both sides expressed hope that cooperation will continue, which will contribute to the economic development of Georgia.
The European Investment Bank (EIB) will loan €100 million in order to upgrade and modernise key healthcare infrastructure in Georgia, provide professional training to new medical staff, and finance the procurement of essential medical equipment for the country’s healthcare system during the Covid-19 pandemic.
The European Investment Bank (EIB), the lending arm of the European Union, will invest a total of €35 million to expand the credit line for Georgian small and medium-sized enterprises (SMEs) and mid-caps available at TBC Bank and ProCredit Bank to support the recovery of the business sector and the country’s economy from damage wrought by the pandemic.
The European Investment Bank (EIB) will invest €25 million to expand the credit line for Georgian small and medium-sized enterprises (SMEs) and mid-caps available at the Bank of Georgia to support the recovery of the business sector and the country’s economy from damage wrought by the pandemic.
The European Investment Bank (EIB) will allocate €200 million for development of healthcare infrastructure in Georgia, as well as supporting its fiscal and other needs amid the coronavirus pandemic. Georgian Prime Minister Giorgi Gakharia and Vice-President of the EIB Lilyana Pavlova, held a discussion during a video conference earlier today.
The European Investment Bank has allocated €50 million to the government of Georgia for the procurement of vaccines against Covid-19 through the COVAX facility, as well as other medical equipment essential for the treatment of Covid-19 patients, announces the EU Delegation to Georgia.
The European Investment Bank (EIB) will invest €34 million to provide internet connections for approximately 500,000 people living in Georgia's rural areas.