On Friday 29 September, the European Commission proposed macro-financial aid of €45 million to help Georgia to honour its international financial commitments.
Of this envelope of €45 million, €35 million will be made available in the form of medium-term loans at preferential rates and €10 million will be paid in the form of subsidies.
According to the Commission, the macro-economic situation in Georgia remains fragile and its monetary reserves too low, for instance due to a high...