Georgian PM meets EBRD Vice President, discusses ongoing, future projects
Garibashvili extended his gratitude towards the Vice President of EBRD for his support and noted the institution’s “relevant responses” to the strategic directions, a stance he said enabled implementation of “important reforms”. Photo: PM's Press Office
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Ongoing and future projects financed by the EBRD in Georgia were discussed on Wednesday in a meeting between the Georgian Prime Minister Irakli Garibashvili and Jürgen Rigterink, the visiting First Vice President of the European Bank for Reconstruction and Development.
The Government Administration said the meeting noted the EBRD's portfolio in Georgia that included 287 projects totalling around €5 billion, 82 percent of which were private sector investments.
Garibashvili introduced the current trends in the country’s economy to Rigterink and noted the state maintained its “steadily growing” economic indicators despite the difficult situation in the Black Sea region.
The meeting also covered current and planned structural reforms in the direction of transport and logistics in Georgia and progress of large investment projects in the country, including the potential of the Middle Corridor - aimed to connect supply chains and logistics between China and Europe.
The vision of the Georgian Government on the development of Black Sea port infrastructure - including the project for a deepwater port in the town of Anaklia for enabling faster maritime corridor between China and Europe - and plans for a new airport in the country’s capital Tbilisi were also noted.
The discussion also touched on energy security issues and investment opportunities, as well as the energy potential of Georgia and the importance of investments in renewable energy.
Garibashvili extended his gratitude towards the Vice President of EBRD for his support and noted the institution’s “relevant responses” to the strategic directions, a stance he said enabled implementation of “important reforms”.
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.
Georgian Prime Minister Irakli Garibashvili on Monday said the long-standing project for the development of a deep sea port in the country’s Black Sea town of Anaklia remained as his Government’s “main and ambitious priority”.
Georgian Prime Minister Irakli Garibashvili on Wednesday met Alkis Vryenios Drakinos, the new Regional Director of the European Bank for Reconstruction and Development for the Caucasus, in a discussion of the future cooperation between the country and the institution.
Representatives of the Board of Directors of the European Bank for Reconstruction and Development will hold meetings with Georgian officials, entrepreneurs and civil society during their official visit to capital Tbilisi this week, the EBRD announced on Monday.
Georgian Prime Minister Irakli Garibashvili on Monday unveiled his office’s “ambitious plans” to build a “new, modern and international-standard” airport, which he said would respond to the Government's intentions of transforming the country into a regional hub.
The European Bank for Reconstruction and Development has allocated a sovereign loan of €50.6 million, including an investment grant of about €5 million, from its Green Climate Fund to finance the renovation of up to 12 metro stations in the Georgian capital city of Tbilisi, the Bank announced on Tuesday.
The European Bank for Reconstruction and Development has granted a $20 million loan to TBC Bank, one of Georgia’s largest banks, for women-led enterprises outside the capital city of Tbilisi.
The long-term cooperation was discussed on Wednesday by Natia Turnava, the Acting Governor of the National Bank of Georgia and Francis Malige, the Managing Director of Financial Institutions for the European Bank for Reconstruction and Development, as well as members of the EBRD’s Board of Directors.