Georgia hosting German economic delegation, forum between business representatives
The German embassy to Georgia said on Monday business societies from industry, infrastructure and tourism were participating in the visit planned as part of a market research programme supported by the German government. Photo: Nino Alavidze/agenda.ge
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Georgia is hosting a delegation of the German federal ministry of economy and climate protection for the first time following the Covid pandemic this week, with the country set to also bring business professionals of the two countries together in an economic forum.
The German embassy to Georgia said on Monday business societies from industry, infrastructure and tourism were participating in the visit planned as part of a market research programme supported by the German government.
A large part of the trade and economic relations between Georgia and Germany comes from these branches of industry. At the same time, these sectors play an important role in Georgia's aspiration to get closer to the European Union, which Germany supports politically and economically", the embassy said.
The German delegation is hosted in capital Tbilisi and the winemaking region of Kakheti in the east of the country, while the forum planned during the visit will look to establish ties between business circles of both countries.
The official visit of German economic delegation will run through Friday.
The Ministry of Finance of Georgia and the German Development Bank on Tuesday signed a €47 million loan and €1.5 million grant agreement to develop an intelligent transport system and transit corridor in the Georgian capital of Tbilisi, the Ministry of Finance of Georgia said.
Georgia will receive a $16,250,000 grant from the German state development bank KfW over the next six years to create and develop protected areas in the country, the Environment Ministry announced on Sunday.
The German Government will allocate €1.3 million through the German Development Bank to support the introduction of the green hydrogen technology and develop relevant conducive legal framework in Georgia, the Embassy of Germany announced on Tuesday.
A declaration has been signed between the Georgian Economy Ministry and the German Development Bank (KfW) earlier today on the development of clean and renewable energy in Georgia. The study of green hydrogen potential begins in Georgia, the Economy Ministry reports.
Four German lawmakers have been scheduled to visit Georgia this week to further strengthen existing parliamentary cooperation between the two states, the German Embassy said on Monday.