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EU to allocate 60 mn euros to national indicative program

Business Materials 27 December 2012 18:48 (UTC +04:00)
The European Union will allocate 60 million euros to Georgia in the form of aid under the EU national indicative program.
EU to allocate 60 mn euros to national indicative program

Georgia, Tbilisi, Dec. 27 / Trend, N. Kirtzkhalia /

The European Union will allocate 60 million euros to Georgia in the form of aid under the EU national indicative program.

Georgian State Minister for Integration into European and Euro-Atlantic organizations Alexi Petriashvili said at a final briefing today that the agreement on the allocation of these funds will be signed in January 2013.

Petriashvili added that the plan envisages allocating 60 million euros to Georgia in the form of aid, of which 20 million will be spent for on institution building programs, and 40 million will go to agricultural sector development.

"Moreover, we are working to prepare a plan within the next national indicative program, which envisages allocating 70 million euros to Georgia", Petriashvili said.

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