EFSE and Lazika Capital form a new partnership to advance local currency lending in rural Georgia
Luxembourg and Tbilisi, 29 December 2021 - The European Fund for Southeast Europe (EFSE) has committed to provide USD 2.5 million equivalent in Georgian lari (GEL) to its new partner, Lazika Capital, to expand access to finance in local currency for the underserved micro and small size enterprises (MSEs), including individual entrepreneurs, farmers and agricultural producers in rural Georgia.
As a microfinance organization serving over 15,000 rural and semi-urban MSEs, Lazika Capital is well positioned to channel responsible financing to the target group in an effective and impactful way. By obtaining financing in Georgian lari, the micro and small enterprises can fund their growth and increase their business resilience, viability and stability in the longer run, while being protected from the exchange rate fluctuations – a risk that can materially compromise operations.
EFSE Board Chairperson Klaus Müller said, “Lazika Capital is a promising partner in joining efforts with EFSE to increase the level of financial intermediation and economic development in rural Georgia. This investment will expand the capacities of Lazika Capital to finance the underserved groups, thus contributing to furthering EFSE’s mission to promote economic prosperity in the region.”
“Since Lazika‘s creation and still, we have been very much committed to bringing something more added value than just access to finances. And the fact that we are well noted by EFSE, is a honor and additional motivation for us,” said CEO of Lazika Capital, Besik Shengelia.
Through this investment, Lazika Capital is expected to contribute towards the achievement of SDG 1: No Poverty, SDG 2: Zero Hunger, and SDG 10: Reduced Inequalities.
Prime Minister of Georgia Met US Congressmen Visiting Georgia on His Invitation
Irakli Garibashvili, Prime Minister of Georgia met US Congressmen visiting Georgia on his invitation today.
Meeting held at the Government Administration was focused on the highest level of strategic partnership between the United States and Georgia, which is once again evidenced by the growing cooperation between the two countries.
Congressmen visiting Georgia are co-sponsors of the Georgia Support Act initiated at the House of Representatives in the US Congress, for which the Prime Minister of Georgia expressed his gratitude.
US support in the institutional building of Georgia, increased capability of defense, implementation of democratic reforms has been highlighted at the meeting. It was also noted that Georgia continues to carry out reforms for the consolidation of democratic achievements in cooperation with US and other western partners.
The Prime Minister of Georgia expressed gratitude to US Congressmen for the bipartisan support to the sovereignty and territorial integrity of Georgia, in peaceful conflict resolution, non-recognition policy and Euro-Atlantic aspirations of Georgia.
Discussions were also related to the local elections, thereby noting that Georgia stands ready to hold them in a free, fair and transparent manner. It was also noted that the Government of Georgia welcomes the active engagement of international observers in the election process and stands ready to admit as many organizations of such mandate as possible.
Black Sea security was also reviewed at the meeting. It was noted that Georgia remains to be a reliable partner of the USA in the region.
Topics discussed at the meeting included the current situation in the occupied territories of Georgia. It was noted that in the conditions of complicated situation, unlawful occupation of Georgian territories by Russia, uninterrupted provocations and borderisation, visit of US Congressmen is particularly important for the country. Focus was made on the significant role of Georgia in the international security and peace operations. Particularly noteworthy was the crucial role of Georgia in the emergency evacuation of people from Kabul.
Economic relations between the USA and Georgia were also discussed. It was noted that further advancement of trade and economic relations with the United States, as well as the launch of negotiations on free trade with the United States are among the top priorities of the Government of Georgia.
Readiness was expressed at the meeting towards continuing the close cooperation between the USA and Georgia both at the executive and legislative levels for the extension and deepening of the strategic partnership.
Delegation of US Congressmen included: Alexander Xavier Mooney for West Virginia, Bryan George Steil for Wisconsin, Kelly Michael Armstrong for North Dakota, Carol Miller for West Virginia, Rep Ron Estes for Kansas. US Congressmen represent various committees. Visit has been organized by the US-Georgia Friendship Association. It also includes the Association President and Honorary Consul of Georgia in San-Diego Melory Tsipuria.
Meeting held at the Government Administration was attended by David Zalkaliani, Deputy Prime Minister and Minister of Foreign Affairs of Georgia; Ilia Darchiashvili, Head of Government Administration; Giorgi Tsikolia, Plenipotentiary and Extraordinary Envoy of Georgia to the United States of America.
Press Service of the Government Administration
From September 7 through September 18 multinational exercise Noble Partner 2020 will be held at the Vaziani military base
From September 7 through September 18 multinational exercise Noble Partner 2020 will be held at the Vaziani military aerodrome, the Vaziani drill ground and the Norio training area. Noble Partner 2020 will be officially opened at IV Mechanized Brigade, Vaziani on September 7. Prior to the official opening ceremony of NP20, an airborne operation will occur at VTA on September 1 by the 173rd Airborne Brigade (US) using C-130 Hercules aircraft.
Noble Partner is a cooperatively-led multinational training exercise in its fifth iteration which is aimed to enhance Georgian, U.S. and partner forces readiness and interoperability, as well as to contribute in maintaining stable and secure environment over the Black Sea region. That’s why the main message of the Noble Partner is - “Strength through Partnership”.
This year totally more than 2700 military servicemen from Georgia, USA, the UK, Poland and France will participate in multinational training. Together with the armored and combat vehicles, as well as artillery systems being in the armament of the Georgian Defense Forces, U.S. air support and armored vehicles will be engaged in the training.
The scenario of the combined multinational exercise includes command, staff and field training with live fire, engagement of maneuver and combat support elements in stability, defensive and offensive operations.
Three (3) media days are scheduled within Noble Partner 2020:
September 1 – 173rd Airborne Brigade’s airborne operation.
September 7 - Official opening ceremony of the exercise;
September 18 – DV Day/Closing ceremony
Media representatives interested in covering the above-mentioned events should apply for accreditation at the Ministry of Defense of Georgia starting from August 26 and ending on August 28 at 18:00 local time. Separate accreditation cards will be issued before each event.
A new partnership initiative to support primary health care launched in Georgia
A new partnership initiative to support primary health care launched in Georgia.
"Focusing and improving Georgia's primary healthcare is one of our top priorities" - Czech Ambassador to Georgia H.E. Petr Mikyska said at the signing ceremony of the Memorandum of Cooperation between the Czech Development Agency (CzechAid) and UNICEF Georgia. The Memorandum was signed by the Ambassador on behalf of the Czech Development Agency and the Director of UNICEF Georgia Mr. Ghassan Khalil. Mrs. Tamar Gabunia, First Deputy Minister of Internally Displaced Persons from the Occupied Territories, Labour, Health and Social Affairs of Georgia, witnessed the signature.
Within the framework of the Memorandum, the Czech Development Agency and UNICEF unite their forces to support the strengthening of primary health care in Georgia, expanding the original CzechAid project (focused mainly on the adult population) to children, youth and maternity. The project was conceived in close cooperation with Georgian authorities, reflecting the urgent needs in this field.
In total, 46 primary health care facilities will be covered by the project, including 146 village doctors and nurses in Dusheti and Zugdidi municipalities. Project duration is from May 2020 till June 2023, with total funding by the Czech Government via CzechAid of 1.25 million EUR and UNICEF contribution of 70 000 USD with future expansion of around 85 000 USD.
President of Turkmenistan and Prime Minister of Japan specify priorities of the interstate partnership
The meeting of President of Turkmenistan Gurbanguly Berdimuhamedov and Prime Minister of Japan Shinzō Abe had a meeting in the Akasaka Hotel in Tokyo.
Welcoming the distinguished guest, the Prime Minister of Japan thanked the President of Turkmenistan for accepting the invitation to visit Tokyo and taking part in the festivities on occasion of Emperor Naruhito’s accession to the throne as well as for the attention paid to issues of interstate relations. Moreover, the high interest of the Land of the Rising Sun in the further development of mutually beneficial cooperation with Turkmenistan was confirmed.
Prime Minister Shinzō Abe also thanked President Gurbanguly Berdimuhamedov for the trust placed in Japanese companies, working on the Turkmen market and participating in major projects.
Thanking for the cordial welcome, the President of Turkmenistan noted that he was happy with the opportunity to meet with the head of the Japanese government. The Turkmen leader congratulated Prime Minister Shinzō Abe and the people of Japan congratulations on Emperor Naruhito’s accession to the throne.
Expressing satisfaction with the new dynamics of bilateral cooperation, President Gurbanguly Berdimuhamedov expressed gratitude to Prime Minister Shinzō Abe for his personal attention and keen participation in the development of Turkmen-Japanese relations.
According to President Gurbanguly Berdimuhamedov, Turkmenistan and Japan efficiently cooperate in the format of international structures that is proved by the mutual support of constructive initiatives and proposals put forward within the framework of authoritative organizations of global and regional scale.
Specifying trade and economic relations as one of the priorities of the bilateral partnership, the President emphasized that at present, Turkmenistan and Japan had built up strategic and long-term cooperation in this area. That is vividly exemplified by the successfully implemented projects for the construction of oil and gas and gas chemical complexes.
At the same time, the Turkmen-Japanese dialogue is successfully developing in the cultural, scientific and educational fields. President Gurbanguly Berdimuhamedov noted that our country welcomed the intensification of these contacts and gratefully accepted the assistance provided by Japan in training of specialists.
During the meeting, President Gurbanguly Berdimuhamedov and Prime Minister Shinzō Abe exchanged views on the prospects of the Turkmen-Japanese partnership.
At the end of the meeting, President Gurbanguly Berdimuhamedov and Prime Minister Shinzō Abe expressed confidence in expanding interstate cooperation and exchanged good wishes to each other, as well as to the peoples of the two countries.
The state news agency of Turkmenistan
Multinational Exercise Agile Spirit 2019
From July 27 through August 9, Georgia will host the most large-scale multinational military exercise Agile Spirit 2019. The exercise will officially be opened at II Infantry Brigade in Senaki on July 27.
Agile Spirit 2019 is being conducted in Georgia for the ninth time and is aimed to enhance interoperability, train and improve operational capabilities of exercise participants during planning and execution of operations in real time within multinational environment; as well as making contribution in maintaining stable and secure environment over the Black Sea region. That’s why the main message of the Agile Spirit 2019 is - “Strength through Partnership”.
This time the exercise will be held on three locations – II Infantry Brigade in Senaki, Orpolo and Vaziani fire ranges. More than 3000 military servicemen of NATO member and partner countries will participate in Agile Spirit 2019. The following 14 countries are engaged in the exercise: Georgia, USA, UK, Latvia, Lithuania, Poland, Norway, Belgium, Bulgaria, Greece, Montenegro, Romania, Turkey and Ukraine.
The scenario of the combined multinational exercise includes command, staff and field trainings with live fire, engagement of maneuver and combat support elements in defensive and offensive operations.
Media representatives interested in covering the above-mentioned multinational exercise should apply for accreditation at the Ministry of Defense of Georgia starting from July 20 and ending on July 25 at 18:00 local time. Separate accreditation cards will be issued before each of the events.