12 Dec 2014 12:26

European Commission to allot 46 mln euro for Georgian reforms, economic integration with EU

TBILISI. Dec 12 (Interfax) - The European Commission will provide Georgia with a new financial package worth of 46 million euros in 2015, says a report posted on the Georgian Foreign Ministry website on Friday.

Financial aid will support the reforms conducted by the Georgian government in economic management, social projects and economic integration with the European Union.

The financial aid memorandum has already been signed.

Georgia will receive the money in 2015 in two tranches. The first tranche will be a loan and the second will be a grant.