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EIB Plans to Increase Investment up to 1,4 mln in Georgia Throughout the Next few Years

EIB Plans to Increase Investment up to 1,4 mln in Georgia Throughout the Next few Years

In terms of the economy and politics, Georgia is the most stable country in the region, – Vice President of the European Investment Bank (The EIB) Laszlo Baranyay noted during his meeting with the Prime Minister of Georgia Giorgi Kvirikashvili.

According to Laszlo Baranyay, the EIB intend to double its financial exposure in Georgia throughout the next few years.

Conversation during the meeting held at the Administration of the Government of Georgia touched upon the infrastructural projects funded by the EIB and prospects of cooperation.

“As of today the amount of our investments is over 700 million EU, and we plan to increase this exposure in the coming 2-3 years. Our activities cover following economic and infrastructural areas, including support of SMEs and cooperation with several Georgian banks. Of course, we intend to intensify our activities, since your country has respective potential and relevant conditions. We discussed various methods of intensification of the cooperation, including in the area of education and social infrastructure. Our cooperation is very good and I hope that it will deepen in the near future,” – stated the Vice President of the EIB after the meeting.