Giorgi Kvirikashvili, Vice Prime Minister and Minister of Economy and Sustainable Development of Georgia delivered a speech a Georgia-EU International Investors’ Conference and discussed Georgian economic prospects and reforms.
Within the framework of the Conference, Giorgi Kvirikashvili held a meeting with András Simor, Vice President of the European Bank for Reconstruction and Development (EBRD). They discussed the prospects for future co-operation between Georgian and EBRD. According to the Minister, Georgia will receive financial support from the EU.
"The EBRD plans to develop a special financial instrument according to the requirements of the free trade area agreement and fund the Georgian companies in this term. This will help Georgian companies to comply with the standards of the European market and export the production. 46 mln Euro is allocated for macro economy and 51mln Euro for achieving the standards according to the Free Trade area. Thus, this is valuable aid for Georgian companies" – Giorgi Kvirikashvili said.
According to the Minister, the Georgia Government will do its best to modernized Georgian economy in short period of time and support Georgian companies to comply with the standards of the European market.