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coronavirus crises

President of Georgia welcomes EU’s €750 billion coronavirus recovery package

3 mins read

The FINANCIAL — From the early days of the pandemic, as the EU took immediate measures to tackle the crisis, it was clear that the recovery would require a joint effort at EU level. EU leaders decided to work towards establishing a recovery fund.  Yesterday they agreed on the €750 billion recovery package to help the EU tackle the crisis caused by the pandemic. President of Georgia welcomed recovery package and called this agreement historic decision.  EU leaders have struck a deal on a huge post-coronavirus recovery package following a fourth night of talks. The talks saw a split between nations hardest…

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President of Georgia welcomes EU’s €750 billion coronavirus recovery package

3 mins read

The FINANCIAL — From the early days of the pandemic, as the EU took immediate measures to tackle the crisis, it was clear that the recovery would require a joint effort at EU level. EU leaders decided to work towards establishing a recovery fund.  Yesterday they agreed on the €750 billion recovery package to help the…

AIIB approved EUR45 million loan to Georgia

1 min read

The FINANCIAL — The Asian Infrastructure Investment Bank approved EUR45 million loan to Georgia to mitigate the impacts of the novel coronavirus. The loan provides emergency budgetary support to enable the Government of Georgia to respond to the pandemic more effectively. The financing will enhance inclusive growth and competitiveness, invest in human capital and build resilience by improving connectivity and…