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Tag Archives: European Investment Bank

EIB Approves 1.5 bln Euro Loan for TAP Gas Pipeline

The European Investment Bank on Tuesday approved a 1.5 billion euro loan for the Trans-Adriatic Pipeline (TAP), part of a $40 billion project to bring new gas supplies to Europe. The European Union is trying to reduce its dependence on Russian gas by developing the so-called Southern Gas Corridor which …

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Partnership Fund Offers EIB to Join GINO Green City Project

Partnership Fund Offers EIB to Join GINO Green City Project

The Partnership Fund of Georgia offers European Investment Bank (EIB) to join GINO Green City project. The Partnership Fund executive director and the EIB vice president discussed the project. At the same time meeting, the Georgian Party introduced the principles and key working components of Partnership Fund to the European …

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EIB Will Activate Financing of Private Sector in Georgia

EIB Will Activate Financing of Private Sector in Georgia

Georgian Prime Minister Giorgi Kvirikashvili and Vazil Hudak, Vice President of European Investment Bank (EIB) talked about the ongoing projects funded by EIB in Georgia and the four-point plan of government reforms at the meeting held in Batumi. According to the Government Administration, the focus has been made on macroeconomic …

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Georgia to receive 450 mln EUR from EIB

Georgia to receive 450 mln EUR from EIB

European Investment Bank (EIB) will allocate 450 million Euros to Georgia for the development of road infrastructure, agriculture as a sector and production in agriculture at large. It was noted at the meeting of Mr. Jan Vapaavuori, Vice President of EIB with H.E. Giorgi Kvirikashvili, Prime Minister of Georgia today. …

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European Investment Bank to Allocate 450 million EUR to Georgia

First vice Prime Minster Dimitri Kumsishvili has met with Ian Vapavuor, vice president of European Investment Bank, who is paying a working visit to Georgia. At the meeting the parties discussed implementation of EIB projects in Georgia and future cooperation directions. Dimitri Kumsishvili hailed an inauguration of EIB regional office …

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Construction of Samtredia-Grigoleti Highway Section Enters Active Phase

Construction of Samtredia-Grigoleti Highway Section Enters Active Phase

Works on the Samtredia-Grigoleti section of the main highway are entering active phase. At present, works are being carried out on laying road foundations for the aforementioned section and arranging artificial constructions. Stage 1 of the project will see the construction of an 11.5 km section of the highway with …

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Georgia’s External Debts Rise Year on Year

Georgia’s External Debts Rise by $242 million Year on Year

Georgia’s external debts marked 4.324 billion USD as of March 1, 2016, up 24 million USD month on month and up 242 million USD year on year, according to the Finance Ministry statistics. In January 2016 the foreign debts equaled 4.3 billion USD. The figure marked 4.072 billion USD as …

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Davos’16: Meeting With the President of the European Investment Bank

Davos’16: Meeting With the President of the European Investment Bank

The Prime Minister of Georgia and President of the European Investment Bank (the EIB) Werner Hoyer discussed progress of the infrastructural projects in Georgia financed by the EIB and the next stages of cooperation. Their meeting took place within the frames of Davos World Economic Forum. As stated by the President …

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