Georgia, Moldova and Ukraine have established the "Associated Trio"
EU formally approves additional €5 billion assistance to Ukraine
The Council of the European Union today formally decided to provide €5 billion of additional macro-financial assistance (MFA) to Ukraine as a matter of urgency.
On 9 September, at an informal meeting of the Ecofin Council in Prague, EU finance ministers agreed to provide an additional €5 billion in assistance for Ukraine. This additional aid was officially approved today after the necessary formal steps were completed in just 11 days.
This financial assistance complements other EU support to Ukraine in the humanitarian, development, customs and defence fields.
This €5 billion macro-financial assistance will be provided to Ukraine in the form of highly concessional long-term loans. It constitutes the second stage in the implementation of the EU’s planned exceptional macro-financial assistance to Ukraine of up to €9 billion, announced by the European Commission this May.
The EU says a decision on the implementation of the third phase of the Union’s exceptional macro-financial assistance of up to €3 billion will be taken shortly, once the structure of this assistance has been determined.
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EU publishes evaluation on effectiveness and impact of EU’s cooperation with Georgia
The European Union’s cooperation with Georgia was strategically sound and benefited from a strong institutional framework in its design and implementation. This is one of the conclusions presented in the evaluation of EU support to Georgia in 2014-2020, published by the EU Delegation to Georgia on 16 September.
The conclusions also state that a wide range of instruments, modalities and funding channels have been used in the cooperation with Georgia. Progress has been made to promote accountability and transparency, and visa liberalisation has yielded good results. The assessment stresses that public confidence in the European Union remains high. Shortcomings include limited progress in judicial reform as well as in the area of human rights.
The evaluation has been conducted over the two past years by an independent team of evaluators. The work included the review of over 2,000 documents and interviews with close to a hundred stakeholders.
The document provides general recommendations on how to improve the cooperation and detailed recommendations on six priority sectors of EU-Georgia cooperation.
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Georgia: EBRD and EU to unlock funds for locals firms through Bank of Georgia and TBC Bank
European Bank for Reconstruction and Development (EBRD) President Odile Reno-Basso, on a visit to Georgia, has signed agreements with two Georgian banks on loans to local small businesses.
The EBRD will provide new US$ 20 million loans to Bank of Georgia and to TBC Bank to help local firms across the country increase competitiveness and invest in upgrades, including green technologies.
This funding comes under the EU4Business-EBRD Credit Line – a flagship programme that enables borrowers to enhance production and trade more successfully on the international market, as well as advance environmental practices.
MSMEs can access funds in local currency and benefit from incentive grant funding, as well as technical assistance from international advisers, funded by the EU under the EU4Business initiative. Georgian companies will be able to improve their productivity, competitiveness and working environment for their employees.
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Prime Minister participates in the 7th Georgia-EU Association Council meeting
Led by Georgian Prime Minister Irakli Garibashvili, the government delegation participated in the 7th Georgia-EU Association Council meeting held at the European Council in Brussels.At the meeting, the EU delegation was led by Josep Borrell, EU High Representative for Foreign Affairs and Security Policy.For the joint press statement of the Association Council meeting, please follow the link: https://www.consilium.europa.eu/en/press/press-releases/2022/09/07/joint-press-statement-following-the-7th-association-council-meeting-between-the-eu-and-georgia/?utm_source=dsms-auto&utm_medium=email&utm_campaign=Joint+press+statement+following+the+7th+Association+Council+meeting+between+the+EU+and+Georgia
New Head of EU Delegation assumes his duties in Georgia
The new Head of the EU Delegation to Georgia, Pawel Herczynski, has taken up his duties in Tbilisi.
Before joining the EU Delegation to Georgia, Ambassador Herczynski was a Managing Director for Common Security and Defence Policy and Crisis Response in the European External Action Service in Brussels. His previous postings include serving as Ambassador of Poland to the EU Political and Security Committee in Brussels, Deputy Permanent Representative of Poland to the United Nations in New York, and Deputy Director of the EU Department in the Polish MFA.
In his first message to the Georgian people, the Ambassador said that this new job was an honour and a great responsibility for him.
“My tenure comes at one of the most important moments in EU-Georgia relations. The historic decision by the European Council to grant Georgia the European perspective sets a new reality. Together with my team, I will work tirelessly assisting Georgia on its path to the European Union. It is an enormous privilege to have the chance to contribute to this process,” said Hercynski.
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