EU provides additional financial assistance to Georgia

Business Materials 16 August 2010 18:25 (UTC +04:00)

Georgia, Tbilisi, Aug. 16 / Trend N.Kirtzkhalia /

Georgian Finance Minister Kakha Baindurashvili began a working visit to Brussels today.

The minister met with European Commission officials to discuss future cooperation with the EU.
The EC already provided some 500 million euro to Georgia at the Brussels donors conference in October 2008. Agreements worth 202 million euro were signed to finance government activities. Georgia has already received roughly 128 million euro.

The bulk of funding aims to improve the social conditions of refugees and to support the state budget.

Negotiations are underway to allocate another 75 million euro to the public sector. The financial assistance also aims at support various humanitarian, regional, technical and non-governmental institutions.

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