Economy
Posted: 3 weeks ago

EU to Allocate 3.9 Billion Euros to Georgia

The EU will allocate 3.7 billion euros for Georgia. EU Commissioner for European Neighborhood and Enlargement, Olivér Várhelyi briefed Prime Minister Irakli Gharibashvili on the EU decision.

According to the prime minister, this decision was made for plans and initiatives that the government has for the long-term development of the country. After the meeting, the discussion continued in an expanded format. The meeting pointed out the importance of the joint efforts of the EU and Georgia in the fight against coronavirus and the special importance of the EU support in the process of mass vaccination.

The conversation also focused on the steps taken by the Georgian government, including the lifting of restrictions and the gradual restoration of tourism. It was noted that in this process great attention is paid to safety and sustainability.

Apart from COVID, parties highlighted the importance of fully exploring the potential of the Black Swa, and taking further steps in this direction was underlined. 

It was noted that Georgia's goal is to gradually integrate into the EU single market by implementing the Deep and Comprehensive Free Trade Agreement, and the government will spare no effort in this direction.