Georgia paid the first payment in 4,9 million dollars on a national debt to Kazakhstan - News | BNews

Georgia paid the first payment in 4,9 million dollars on a national debt to Kazakhstan

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17 November, 2017, 18:33 314
Georgia paid the first payment in 4,9 million dollars on a national debt to Kazakhstan

The government of Georgia has made the first payment on a public debt according to the schedule of repayment. The paid sum is 4,9 million dollars, BNews.kz correspondent reported.

"Today the Government of Georgia has made the first payment on a public debt according to the schedule of repayment established by the Agreement between the Government of Kazakhstan and the Government of Georgia on repeated restructuring of debt of Georgia on the state loans granted by Kazakhstan. Payment is carried out according to the schedule," the press service of the Ministry of Finance reported to the agency.

According to the established schedule, the paid sum is 4 919 644,43 dollars. The payment is made in full.

It is noted that Georgia repays the debt during the period from 2017 to 2025.

It is said in the statement of department that the sum of a principal debt is 25 480 089,96 dollars in favor of the Kazakhstan side.

Earlier the ambassador Extraordinary and Plenipotentiary of Kazakhstan in Georgia Ermukhamet Ertysbayev has reported that at the beginning of September Georgia will begin to pay a public debt to Kazakhstan.

"At the beginning of September Georgia will begin to pay a public debt to Kazakhstan. We have borrowed to Georgians about 27,5 million dollars, about 20 years ago, in the mid-nineties in due time. Then at us at the state treasury, in essence, was empty (...) The situation was rather heavy. But Georgia very needed these means. Then Eduard Shevarnadze hardly held the power. Our President treated Eduard Amvrosiyevich very kindly, and we him have borrowed this money," Ermukhamet Ertysbayev told.

The diplomat has added that when has arrived in the spring of 2013, at once I have raised a question that friendship by friendship, and money separately, it is necessary to resolve this problem somehow. There were negotiations. Have come that they will pay this money according to the scheme of the Paris Club with very small percent.

"I think, no more than 30 million dollars will be paid because we at negotiations minimized all percentage component when you give such money for big term, any person has a question and why not 40-45 million dollars. We have met halfway (…) It is the small country, they have neither oil, nor gas," the ambassador told then.

In turn Georgia has allowed to construct Borjomi-Riksos hotel. Besides, for 49 years have rented the Batumi seaport, have gone for establishment of a certain railway tariff with Kazakhstan.