EU to allocate up to 410 million euros to Georgia
By Jamila Babayeva
The European Union (EU) will allocate to Georgia financial aid worth 330-410 million euros in 2014-2017.
Georgia and the EU signed the relevant memorandum of understanding at the Georgian parliament in Kutaisi on July 18.
Georgian State Minister on Integration into European and Euro-Atlantic Structures Alexi Petriashvili and European Commissioner for Enlargement and European Neighborhood Policy Stefan Fule undersigned the document.
The memorandum of understanding defines the main priorities and the amount of the EU aid to Georgia. The aid will be directed at supporting the Georgian government in holding democratic reforms, while the EU commits itself to allocate financial assistance to Georgia in the years 2014-2017.
A protocol of changes to the financial agreement, as part of the agriculture development sector policy support program, was also signed. This envisages the allocation of additional 12 million euros.