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Sunday, 23 October 2016


Parliament of Georgia to ratify credit agreement with EBRD

2010-03-19 17:24

The Parliament of Georgia will ratify the credit agreement with the European Bank for reconstruction and Development on the project of department of solid residuals of Ajaria - Georgia Times correspondent.


The document was considered at the sitting of the parliamentary committee for Regional Policy, Self-Governance and Mountainous Regions.

The agreement was presented by Natalia Mikeladze, the deputy Minister of Finance of Georgia. It implies allocation of EUR 3 mln under state guarantees to Ajaria municipal company of sanitary service. The money is aimed for construction of a modern dump and a number of other objects in Chakvi, the overall cost of the project amounts EUR 8.3 mln.

MPs supported the presentation of the document for ratification.

Previously Thomas Mirow, the EBRD President, said the post-crisis recovery of Georgia will be slow and complicated. He noted that though the growth has begun, the index will amount only 2 per cent - Business Gruzia.

Mirow added he cannot understand the basis of Georgian government's optimism. He believes the main dangers for the country's economy are negative trade balance and decrease of investments. Besides, he's sure in this period there are few healthy Georgian companies which can be given a loan.


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