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Thursday, 21 June 2018


Germany gives Georgia extra 4 million euros

2011-12-05 15:46
Germany gives Georgia extra 4 million euros. 25305.jpeg

The German government decided to allocate Georgia additional funding of 4 million euros as a grant. As reported by "Georgia News", the money will be spent on the project "Implementation of the emergency rehabilitation of homes of displaced persons in western Georgia". As the Georgian Ministry of Finance explained in an interview, the treaty was signed by the Minister of Finance Dmitry Gvindadze and Chief of the Environmental and Infrastructure Lending and Development Bank of Germany (KfW) Arne Goss.

As a part of the project Germany helps Georgia to carry out construction of new modern houses for the refugees in western Georgia. Earlier, Germany had already allocated 6 million euros as part of the project to improve the living conditions of refugees in Tskaltubo, Poti and Kutaisi.

All this is a part of the agreement "On Financial Partnership between the governments of Georgia and the Federal Republic of Germany". It was signed on 25 October 2011. That time the German side expressed its readiness to provide additional financial resources amounting 75 million euros.Germany gives Georgia extra 4 million euros

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