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EBRD President: I hope That any of us Can Get Nearly 300 million Euro into Georgia at the moment


Increasing investments in Georgia, incentives for that private sector, and prospects of developing business environment were the important thing issues discussed at meeting between EBRD President Suma Chakrabarti and Georgian Pm Giorgi Kvirikashvili. The meeting occurred within the World Economic Forum in Davos.

The parties discussed the function of EBRD in the continuing development of Georgia’s economy plus the ongoing EBRD investments in Georgia. It was emphasized that, in 2016, EBRD invested a record-breaking amount in Georgia, about 250 million euro.

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The Georgian Government’s reform agenda, and spatial planning among its components, was one of the primary topics of your meeting. In line with Suma Chakrabarti, EBRD supports Georgia’s ongoing reforms and intends to increase its investments and financial aid.

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“The vital thing the top Minister and so i agreed could be that the cooperation between EBRD and Georgia is set in an extremely strong health. The plans for 2017 are even stronger. I hope which we can usually get nearly 300 million euro into Georgia this year, making this a great relationship, and it is not only about investments. It is usually about wanting to change policies, difficult things, that can make Georgia far more attractive for investors. The Investors Council, chaired by the Pm, is doing wonderfully. The project on PPPs will go well. The work to develop your competition Agency has got well, additionally, the energy efficiency action plan, so to all these areas the bond between Georgia and EBRD is set in perfect health,” Suma Chakrabarti said commented the meeting.

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