Baku, Azerbaijan, July 12
By Tamilla Mammadova - Trend:
The European Investment Bank (EIB) will finance public sector development projects over the next five years in Georgia, noted Vice-President of the EIB Vazil Hudak, Trend reports via agenda.ge.
Hudak and Georgian Minister of Foreign Affairs David Zalkaliani signed a memorandum of understanding on the sidelines of the 16th Batumi International Conference.
Hudak said that in all six countries of the Eastern Partnership – Georgia, Armenia, Azerbaijan, Belarus, Moldova, and Ukraine – the EIB invested 9 billion euro in the past 10 years. But Georgia is the largest beneficiary in terms of received investments per capita.
“We have invested over 2 billion euro in infrastructure and energy, municipal sector, construction of roads and other fields in Georgia. The EIB will continue supporting Georgia as well as the other five countries of the Eastern Partnership,” said Hudak.
The European Investment Bank has invested in 23 projects in infrastructure, the private sector and climate action since starting its operations in 2007 in Georgia.
(1 EURO= 3,19 GEL on July 12)