EU allocates 410 million euros to help Georgia fulfill Association Agreement.

The European Union has allocated a new package of financial assistance for Georgia to help it implement the Association Agreement that the two sides signed last year. The value of the package is one billion Georgian Lari (410 million euros).

European Commissioner Johannes Hahn, who is in charge of the European Neighbourhood Policy and Enlargement Negotiations announced the package following a meeting in Luxembourg with Georgia's Foreign Minister Tamar Beruchashvili.

Hahn said that a part of the financial package would be used to boost micro and small business entrepreneurship in Georgia from now until 2017. He said that this would help Georgia implement the Deep and Comprehensive Free Trade Area, which was the part of the Association Agreement

A formal decision on the financial package will be taken at the upcoming Riga Eastern Partnership Summit scheduled in May, but Commissioner Hahn said that the money has already been allocated.


source: commonspace.eu

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
Gaza hospital struck twice by Israel killing journalists and rescuers

Gaza hospital struck twice by Israel killing journalists and rescuers

Israel struck one of the main hospitals in the Gaza strip on Monday 25 August and then hit the facility again as journalists and rescue workers rushed to the scene, killing at least 20 people and wounding many more, local health workers said. It was among the deadliest of multiple Israeli strikes that have hit both hospitals and journalists over the course of the 22-month war, Associated Press reported. The assault came as Israel plans to widen its offensive to heavily populated areas, vowing to destroy Hamas after its 7th October attack in 2023.

Popular

Editor's choice
News
Gaza hospital struck twice by Israel killing journalists and rescuers

Gaza hospital struck twice by Israel killing journalists and rescuers

Israel struck one of the main hospitals in the Gaza strip on Monday 25 August and then hit the facility again as journalists and rescue workers rushed to the scene, killing at least 20 people and wounding many more, local health workers said. It was among the deadliest of multiple Israeli strikes that have hit both hospitals and journalists over the course of the 22-month war, Associated Press reported. The assault came as Israel plans to widen its offensive to heavily populated areas, vowing to destroy Hamas after its 7th October attack in 2023.