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Tag Archives: EIB

Georgia Rejects 100 million EUR Assistance Program by EIB

Georgia has refused the 100 million EUR agribusiness project approved by European Investment Bank (EIB). At the meeting of the parliament’s committee for agrarian issues, legislators discussed the Georgia-EIB agreement on funding Georgian agribusiness sector – production, processing, sales chain. The issue was submitted to the Parliament by Deputy Finance …

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Regional Innovations Center to be Build in Kaspi

Regional Innovations Center will be build in Kaspi. According to the tender announced by the Municipal Development Fund, the estimated cost of procurement is 2 156 093 GEL. The project is funded by the European Investment Bank (EIB).  

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European Bank Provides Additional Funds to Support Water Projects in Kutaisi

The European Investment Bank (EIB) has signed a new Eastern Partnership Technical Assistance Trust Fund (EPTATF) Grant Agreement of over €3 million with the Georgian Ministry of Regional Development and the utility company the United Water Supply Company of Georgia. These funds, totalling €3.25 million, will be used to finance …

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European Investment Bank Plans to Invest €400 million

The European Investment Bank will invest €400 million in Georgia, and the largest amount will be spent on infrastructural projects. Vazil Hudak, the Vice President of the European Investment Bank stated this on the TV program Business Morning Today. “Around €400 million will be invested in Georgia, and € 250 …

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EIB to Allocate 250 Million EUR for Road Infrastructure

The Minister of Regional Development and Infrastructure of Georgia Maia Tskitishvili met with the European Investment Bank (EIB) representative in South Caucasus, Sebastian Husse de Sampin, Deputy Head of Strategic Roads Department Liz Waidner and Mission representatives. At the working meeting, the sides discussed about the ongoing projects of EIB …

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Georgia’s External Debt Rises by 0.545bn USD Year on Year

Georgia’s external liabilities are growing. Over the past year Georgia’s foreign liabilities rose by 0.545bln USD and equaled to 5.01bln USD as of October 31, 2017. According to Ministry of Finance, monthly reports have recorded a slight contraction in debts, down from 5.005bln USD as of September 2017. The figure …

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EU Bank Signs First Direct Loan To a Company in Georgia

The European Investment Bank (EIB) has directly financed a company in Georgia for the first time. The EU bank will provide a EUR 21.47m long-term loan to Tbilisi’s water utility – Georgian Water and Power (GWP) – to support its water and wastewater infrastructure development programme. EIB Vice-President Vazil Hudák …

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