Dimitry Kumsishvili Met KfW and GIZ Delegations

Dimitry Kumsishvili Met KfW and GIZ Delegations

Dimitry Kumsishvili Met KfW and GIZ Delegations

The FINANCIAL -- Firs Vice Prime Minister of Georgia, Minister of Economy and Sustainable Development, Dimitry Kumsishvili held a meeting with the delegations of the KfW (German Reconstruction Credit Bank) and the GIZ (German Federal Enterprise for International Cooperation).

Aspects of Georgia-Germany economic cooperation were discussed during the meeting. It was highlighted that Germany is one of the main development partners to our country that supports the Georgia’s integration into the Euro-Atlantic structures. Special attention was paid to the projects implemented in various sectors of economy, including energy, infrastructure, environment protection and agro-sector of Georgia with the strong support of the KfW and the GIZ.

As it was noted at the meeting, the KfW will support projects in Georgia with 318 million EUR in 2018-2020, including the project of expanding electricity transmission network in Georgia, which envisages the construction of a Jvari-Tskaltubo-Akhaltsikhe 500 KW transmission line and other energy facilities. Projects supported by the GIZ, which are targeted at developing vocational education system in Georgia, increasing competitiveness and the SMEs facilitation.

Further scheduled financial and technical assistance to be provided by the German organizations in Georgia and the priority directions of the cooperation between the two countries also were covered during the conversation, according to Ministry of Economy and Sustainable Development of Georgia.