Georgian Economy Minister, EBRD Vice President discuss investment projects in Georgia

Levan Davitashvili, the Georgian Economy Minister, and Jürgen Rigterink, the visiting First Vice President of the European Bank for Reconstruction and Development, on Wednesday discussed the Bank’s activities in Georgia, its financial contributions over the years, and ongoing and planned large investment projects involving the country. 

The Georgian official highlighted the EBRD’s “important role” in developing the Georgian economy and stressed the financial institution’s contribution had amounted to €5 billion over the years, with 82 percent of funds used to support the private sector, the Georgian Economy Ministry said. 

The meeting also discussed ongoing and planned structural reforms in Georgia and the progress of large investment projects, including in renewable energy and transport. 

The potential of the Middle Corridor - a logistics route linking Europe and Asia via the South Caucasus region - was also discussed, along with the Government’s vision for developing Black Sea port infrastructure, including with the Anaklia deep-sea port project.

Tbilisi’s plans to build a new airport in the capital city were also noted in the discussion.

Rigterink and other officials from EBRD confirmed their readiness to participate in large investment projects, before Davitashvili invited the First Vice President to the Tbilisi Silk Road Forum, set to run in the city between October 26-27.