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EU to allocate additional funds to Georgia to overcome coronavirus crisis

Business Materials 31 March 2020 16:12 (UTC +04:00)
EU to allocate additional funds to Georgia to overcome coronavirus crisis

BAKU, Azerbaijan, March 31

By Tamilla Mammadova – Trend:

The representation of the European Union (EU) to Georgia will allocate additional 20 million euro to Georgia in coping with challenges caused by COVID-19 crisis as additional aid through a solidarity package, Trend reports referring to EU.

As reported, 70 million euro already allocated by EU for programs will be re-directed to regional funds as part of the aid designated to Eastern Partnership countries.

EU Ambassador to Georgia Carl Hartzell said that EU stands with Georgia in these difficult times to cope with coronavirus-related challenges.

According to Hartzell, for immediate reaction, Georgia will have access to the regional emergency medical equipment and facilities in the value of 30 million euros including face masks, artificial breathing devices, laboratory sets.

As reported, the EU will also assist Georgia with expertise knowledge.

“In the next several months, EU will mobilize more than 70 million euros to help Georgian businesses for stimulation of their companies after the crisis, restore their normal functioning and facilitate access to grants and credits in lari,” Carl Hartzell said.

The EU Ambassador to Georgia said that the EU in this way intends to contribute to the work and efforts of the Georgian government and people in struggle against the virus.

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