Produce In Georgia

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Any Businessman to be able to expand within “Produce in Georgia” Program

 

Deputy Minister of Economy and Sustainable Development Ketevan Bochorishvili explains that 25 projects in the agriculture and industrial areas have been approved in the framework of “Produce in Georgia” project which means thousands of new jobs. The novelty lies in the fact that from now on, any businessman who wants to expand can join the program and receive a concessional loan. “The interest of entrepreneurs in the program was so great that the government decided that existing enterprises would be able expand as well. For this purpose, they can apply to banks and benefit from soft loans and government’s funding, “- Bochorishvili notes. A presentation on opportunities and prospects of Georgia’s transit corridor development was held at today’s Economic Council. The Council members discussed the “New Silk Road” project which aims to enhance trade, economic and cultural links between Europe and Asia regions, develop the new road network and global connections.

 

Georgia’s Economy Grew 6.1% in 8 Months of 2014

 

According to the National Statistical Service, in August 2014 economic growth amounted to 5.2% as compared to August 2013 and in the first 8 months of 2014 – 6.1%.

Sakstat also summed up the past period in terms of turnover of VAT payers. According to preliminary data, the turnover of enterprises and companies paying VAT was 4.04 billion GELS in According to the Georgian Statistical Service; in July Georgia’s economy grew 7.2%, in the second quarter – by 5.2% while in the first quarter – by 7. 1%.

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