Georgian PM, European Investment Bank South Caucasus Head discuss “positive dynamics” of Georgian economy
Georgian Prime Minister Irakli Kobakhidze met with Maciej Czura, the Head of the EIB's Regional Representation for the South Caucasus. Photo: Gov't Administration
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Georgian Prime Minister Irakli Kobakhidze on Friday discussed “positive dynamics” of the country’s economic growth and macroeconomic trends with Maciej Czura, the Head of the European Investment Bank's Regional Representation for the South Caucasus.
The officials emphasised “successful” cooperation between the Government and the EIB as a “leading financial institution”, the Government Administration said.
The meeting also highlighted the role of EIB-financed and ongoing investment projects for development of infrastructure of the country, noting the importance of the current East-West Highway project.
The head of the Georgian Government thanked Czura for his support and noted the Government “values the fruitful cooperation” with the EIB.
He also expressed hope the EIB would continue to support Georgia in financing investment projects in priority areas for the country.
The EIB has invested €1.6 billion in investment projects, the Administration said.
The European Investment Bank (EIB) is allocating €5,750,000 to finance road safety in Georgia, announced the Roads Department of Georgia.
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.
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), 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.