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EU to allocate 44M euro to Georgia

EU will deliver a grant worth 44 million euros to Georgia, Georgian Prime Minister Irakli Garibashvili said at a joint briefing with EU Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahn.

Garibashvili said that the agreement was signed on Thursday night.

“Of course, the integration with the EU envisages complex and painful reforms,” Garibashvili said. “But we are confident that we will be supported in this issue.”

He stressed that the grant will be delivered to implement the free trade components. The money will be spent on the development of the private sector, small and medium business. This will help the implementation of European standards in the Georgian production.

“We expect more support in the future,” he said. “In total, we will get 410 million euros in 2014-2017.”