Gov’t announces expansion of Enterprise Georgia programme
Since 2014, Enterprise Georgia has supported over 12,000 beneficiaries in starting and expanding businesses. Photo: Nino Alavidze/Agenda.ge
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Enterprise Georgia has expanded its programmes from which investors can benefit.
These include:
- forestry and fishing
- processing industry
- health and social work activities
- manufacture of various machinery
- logistics services and warehouses
- supply of steam and air conditioning
- professional scientific and technical activities
Georgian Economy Minister Natia Turnava stated earlier today that within the programme investors may receive a plot of land for symbolic 1 GEL ($ 0.3/€0.25).
Interested investors may apply to the National Agency of State Property, select a suitable plot of land and in exchange of investment and employment commitments they will receive this land”, Minister Turnava said.
She also noted that entrepreneurs will no longer be required to produce certain amount of products in preliminarily defined deadline.
Turnava said it is clear if a person makes investment s/he is eager to produce. Therefore, they will now be free from additional ‘bureaucratic pressure’ amid the coronavirus pandemic.
Georgia’s export support agency, Enterprise Georgia, has announced the start of the forth stream of applications for the 'Co-financing Mechanism for Supporting Family-owned, Small and Medium-size Hotel Industries' to help industry players tackle the economic challenges caused by Covid-19.
In order to support the fishing sector and increase the production of fish in Georgia, the export promotion agency Enterprise Georgia will fund the construction of a new fishing ship. The first three-party memorandum has already been signed between Enterprise Georgia, TBC Leasing and the owner of the fishing ship.
Enterprise Georgia has been named one of the best export supporting agencies yesterday along with Sweden and Costa Rica at the World Trade Promotions (WTPO).
Georgia has chosen more than 400 companies including Finnish multinational communication company Nokia and has started talks to the companies’ managements to attract FDIs to the country.
The government of Georgia is starting to reform state-owned enterprises, announced Georgian Prime Minister Giorgi Gakharia at today's government meeting, adding that this will be 'an extremely important process during the economic life of Georgia in 2021-2024'.
Georgia has become a member of the World Association of Investment Promotion Agencies (WAIPA) through the application of Invest in Georgia, which is run by the country's export support agency Enterprise Georgia.
A new council will be created in Georgia that will develop a state enterprise reform strategy to be implemented in 2021-2024, announces Georgian Prime Minister Irakli Garibashvili. The goal of the reform is to bring the management of state-owned enterprises closer to the highest standards of corporate governance.
Georgia's export promotion agency Enterprise Georgia has received the prize of the World Trade Promotion Organization Award, which the agency won in 2020.
A group of international investment consultants, on a working visit to Georgia on Wednesday as part of the USAID Economy Security Programme, have praised it as the “best country worldwide, with huge investment potential”.