Hungary plans to invest 350 million euros in Georgia
Georgia, Tbilisi, Oct. 1 / Trend N. Kirtzkhaklia /
Executive Director of the Georgian Partnership Fund Irakli Kovzanadze received Hungary's State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó on Monday.
Szijjártó familiarised himself with the mandate and opportunities of the Partnership Fund. He expressed his desire to cooperate with the Partnership Fund and to intensify economic relations with Georgia.
According to Irakli Kovzanadze, the meeting with the Hungarian delegation was fruitful and important.
"Szijjártó showed an interest in the fund's opportunities in the energy and infrastructure projects," he said. "We discussed the development of the railway infrastructure and the possibility of the Hungarian side's participation in the state energy system. It is important to stress that Szijjártó confirmed the readiness of Hungarian Eximbank to allocate 350 million euro to companies that will make investments in Georgia."
Szijjártó stressed that the Hungarian side is thoroughly monitoring the economic process in Georgia.
"We have close economic cooperation with the Georgian government as part of the intergovernmental commission," he added. "Today we have become familiar with the opportunities of the Partnership Fund. I can say that our side will be the author of rather important initiatives in energy, infrastructure and agriculture. We agreed that the initiatives will be also taken by the Georgian side. It is obvious that the exchange of experience and opportunities will intensify economic cooperation between our countries."
According to Irakli Kovzanadze, a decision was made that a Georgian - Hungarian business forum will be held in Tbilisi in December under the auspices of the Partnership Fund. All relevant companies and business entities from Georgian and Hungarian sides will be able to attend.