• ABOUT US
    • History
    • Our Team
    • Advertising
    • Subscription
  • CONTACT US
Georgia Today
No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
No Result
View All Result
Georgia Today
No Result
View All Result

PM: Gov’t to Refrain from Taking Second Part of the EU Loan

by Georgia Today
August 31, 2021
in Business & Economy, Highlights, Politics
Reading Time: 1 min read
PM: Gov’t to Refrain from Taking Second Part of the EU Loan

“In order to avoid any insinuation, we have decided to refrain from taking the second part of the EU loan,” Georgian Prime Minister Irakli Garibashvili told reporters in response to the statement made by Irakli Kobakhidze, Chairman of the Georgian Dream, on PalitraNews on the issue of macro-financial assistance of the European Union.

Garibashvili explains that the reason for the above decision is, on the one hand, “high economic growth in Georgia” and, on the other hand, the desire to reduce foreign debt.

“I will remind the population that this is a loan, part of which we took in 2020. 75 million euros was the second part of the loan, which was not a grant and assistance,” the PM told reporters on August 31.

“This year, since we started reducing the foreign debt, in all probability, it will no longer be necessary to receive this amount. We are grateful for all the help the EU has given us during the pandemic and in general for everything they are doing for us. We will continue to move in this direction,” he added, noting that explanations will be made by the Ministry of Finance later.

Irakli Kobakhidze, the chairman of the Georgian Dream, said on PalitraNews yesterday that receiving macro-financial assistance from the European Union is no longer a financial necessity, as the economic growth has accumulated an additional 1 billion GEL in the budget.

By Ana Dumbadze

Related Story: PM: EU’s Decision to Allocate 3.9 bln Euro to Georgia a Perfect Match for Gov’t Plans & Initiatives

Tags: EUGeorgian PMIrakli Garibashvili
ShareShareTweet

Related Posts

Elene Khoshtaria ends hunger strike
Politics

Elene Khoshtaria ends hunger strike

June 30, 2025
Lari slightly strengthens against GBP, weakens vs Euro
Business & Economy

Lari slightly strengthens against GBP, weakens vs Euro

June 30, 2025
Business & Economy

June 30, 2025

Recommended

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

2 months ago
Experience Seamless Connectivity with Silknet eSIM in Georgia

Experience Seamless Connectivity with Silknet eSIM in Georgia

1 year ago
Champion Karateka Luka Khvedeliani on the Benefits of Georgian Karate for Georgia’s Youth

Georgia to Celebrate First Europe Day with European Union Candidate Status

1 year ago
Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

3 years ago
Natia Mezvrishvili on Dealing with 2 Political Giants

Natia Mezvrishvili on Dealing with 2 Political Giants

3 years ago
Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

3 years ago
GT Interview with Giorgi Badridze

GT Interview with Giorgi Badridze

3 years ago
Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

3 years ago

Navigation

  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

Highlights

European Court of Human Rights begins consideration of Mzia Amaglobeli’s case

Amendments: Only high council of justice to decide on courtroom recording

Norwegian MFA: Arrests of Georgian opposition leaders are unprecedented attack on democracy

Prosecutor charges Poet Zviad Ratiani with assaulting officer

French Minister for European Affairs: Repression of the opposition in Georgia is unacceptable

US-brokered ceasefire calms flames in Israel‑Iran crisis, but situation is fragile – what’s at stake

Trending

Experience Seamless Connectivity with Silknet eSIM in Georgia
Business & Economy

Experience Seamless Connectivity with Silknet eSIM in Georgia

by Georgia Today
June 26, 2024

Why Silknet's eSIM could be your top choice in Georgia  Since its introduction, eSIM technology has become...

Photo by the author

Virtuosity and Versatility: Marc-André Hamelin Opens Tbilisi Piano Festival 2024

May 30, 2024
  • Where.ge
  • Newspaper
  • GEO
  • Magazine
  • Old Website

2000-2024 © Georgia Today

No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

2000-2024 © Georgia Today