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EU to allocate funds for Georgia

Georgia Materials 15 October 2012 18:47 (UTC +04:00)
European Union will allocate 670 million euro to Georgia, EU Ambassador to Georgia Philip Dimitrov said today.
EU to allocate funds for Georgia

Georgia, Tbilisi, Oct. 15 / Trend N. Kirtzkhalia /

European Union will allocate 670 million euro to Georgia, EU Ambassador to Georgia Philip Dimitrov said today.

"Some funds will be spent for the state budget and others - for specific projects," he said.

"Nevertheless, we continue cooperating in various fields, namely increasing the independence and effectiveness of the courts, penitentiary reforms, the agricultural and regional projects."

The main theme of the conference is the situation in Georgia following the parliamentary elections.

Parliamentary elections with the participation of 14 parties and two political blocks took place in Georgia on October 1. The elections were held by a mixed list majority system.

According to the CEC's complete preliminary data, the Georgian Dream coalition will have 83 deputy mandates, while United National Movement - 67.

The leader of election winning Georgian Dream Bidzina Ivanishvili has previously presented the candidates for ministers for approval in new government.

Ivanishvili himself is going to take the post of prime minister.

Parliament will have more power when the president's powers will be reduced following constitution amendments in 2013.

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