Aleksi Aleksishvili, Georgian Finance Minister, and Patricia Flor, Ambassador of Germany, signed the agreement, envisaging allotment of 27 million EUR to Georgia by the end of year.
Aleksishvili stated that from the total sum soft credit of 13 million EUR will be allotted for the second stage of Batumi communal infrastructure rehabilitation project. Just to remind, the first phase was funded by Germany with 18.6 million EUR.
Moreover, 7 million EUR will be allotted as technical aid for funding of a number of projects. Among them, 2.4 million EUR for local self-government development, 1.4 million EUR - wine quality control system and winery development; 1 million EUR - agriculture development; 800,000 EUR - private sector development; per 700,000 EUR - for Control Chamber support and legal and court systems development.
Finally, 7 million EUR of total allotted is envisaged for different projects, implemented with German financial support.
Another agreement was signed between Georgian government, German bank KfW and Tbilisi Ivane Javakhishvili State University within frameworks of "Program of Consolidated Credit for Education".
Aleksishvili said that agreement with Germany was reached, while restructuring Paris Club debt in 2004, on writing-off over 1.5 million EUR if Georgia will use 50% according with German recommendations.
In compliance with the mentioned, today's agreement envisages allotment of 1.75 million lari from Georgian budget for International School of Economy of Tbilisi University, after that the country will be written off foreign debt over 1.5 million EUR.
According to Finance Ministry, since 1992 up to present Germany has allotted 235 million EUR within frameworks of financial cooperation. Among them 181 million EUR accounts for credits, while 54 million EUR - for grants (with 47 million EUR used for technical aid).
