Georgia will receive additional €19 million of funding from the European Union. On 21 May the Prime Minister of Georgia, Irakli Garibashvili and the President of the European Commission, Jose Manuel Barroso signed a Financing Agreement in Brussels in frames of a new programme in support of the EU-Georgia agreements.
Aimed at supporting the priorities of the Eastern Partnership treaty, the project's goal is to assist strengthening the institutional capacities of the partner countries and supporting the activities related to the Association Agreement (including the Deep and Comprehensive Free Trade Area treaty). The programme also aims at improving the activities of the institutions related to the Visa Liberalisation and Readmission Agreements.
In 2011-2013 € 30.86 million was allocated for Georgia. The next stage of funding includes the period between 2014-2020 and aims at implementing the Deep and Comprehensive Free Trade Area treaty.