2016-05-27
Prime Minister discussed the importance of the European Neighbourhood Program for Agriculture and Rural Development in Georgia (ENPARD Georgia II). 50 million Euro Financing Agreement on the second stage of the program has already been signed. The program aims at fostering agriculture, relevant policy and reforms as well as improvement of the quality of the applicable services.
"This is a crucial program in terms of development of the agriculture industry. 50 million Euro Financing Agreement has been signed. The funds has been allocated for the purpose of fostering agriculture, relevant policy and reforms as well as improvement of the quality of the applicable services." - Prime Minister stated.
Pursuant to Giorgi Kvirikashvili, the European Bank for Reconstruction and Development has already approved the 50 million USD credit line for Georgian enterprises that will attempt to bring their production standards with those of the EU.
"This is a substantial motivation for developing the enterprises, particularly SMEs that are compliant with the EU standards. We urge the business sector to exploit this opportunity to the fullest. This is the first phase of the program and the EBRD will cooperate with the representatives of the Georgian banking sector to make this credit line available for our entrepreneurs," - Giorgi Kvirikashvili noted.
Prime Minister's Press Office