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Czech Republic to allocate Georgia EUR 200 mln

2009-08-31 12:51

Zurab Pololikashvili, the Minister of Economic Development of Georgia received Edward yanota, the Minister of Finance of the Czech Republic, they discussed issues of economic relations deepening and investment encouragement - GeorgiaTimes reporter in Tbilisi.


According to the Ministry's press service, the sides discussed financing of the two projects - construction of 100 new hospitals in Georgia and project in energy sphere.

The total cost of the both projects will amount at least EUR 200 mln. 120 mln out of the them will be directed to construction of hospitals, 80 mln - to the energy project to be implemented by Energo-Pro-Georgia [Georgian-Czech company].

Pololikashvili mentioned the Czech republic will transfer the aforesaid sums step-by-step, and the agreement on cooperation and mutual investment protection, signed in the course of Yanota's visit, will favor the process.


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