Georgian fund deepens cooperation with Hungarian bank

Business Materials 11 July 2019 18:22 (UTC +04:00)

Baku, Azerbaijan, July 11

By Tamilla Mammadova - Trend:

JSC Partnership Fund (PF) of Georgia and Hungarian Export-Import Bank Plc. (Eximbank) signed a memorandum at the 16th International Conference in Batumi, Trend reports with reference to commercant.ge.

The importance of this document was emphasized by Executive Director of the Partnership Fund of Georgia David Saganelidze, and his deputy Georgi Danelia. The memorandum implies deepening cooperation between the parties.

PF is a state investment fund, which was set up in 2011. Its main task is to attract investments in Georgia through co-investment in capital, subordinated loans and other steps at the initial stage of development of investment projects.

The purpose of the Fund is to enhance cooperation between the public and private sectors for the implementation of investment projects, creation of jobs, attraction of foreign investments and development of the Georgian economy. PF operates in four sectors including energy, agriculture, manufacturing and real estate.