Nearly 100 individuals to receive state-owned real estate at symbolic price, Gov’t loan repayment
A separate programme will be implemented to support agricultural cooperatives. Photo: Government's Administration.
Tweet 
Share
State-owned real estate will be handed to 98 individuals for the symbolic price of 1 GEL, in addition to registration of their ownership and repayment of loan interests from the state, the Government announced on Monday.
The citizens will acquire the estate in the form of direct sale, with their existing real estate in the city of Rustavi - located outside capital Georgia - to be formally recognised.
The decision was announced following the weekly Government meeting on Monday, in which it was also decided the state will be ready to repay interest on loans issued for the purpose of growing annual crops.
For this purpose, the maximum annual interest rate of the loan has been set at 18 percent, while the loan amount per beneficiary has been estimated at 5,000 to 100,000 GEL ($1,550 to $31,100/€1,400 to €28,100).
The co-financing may be received by citizens of Georgia, individual entrepreneurs and legal entities registered in accordance with the legislation, with financial institutions able to issue loans until October 31, 2022.
A separate programme will be implemented to support agricultural cooperatives.
Under the state programme for co-financing savings enterprises for agricultural cooperatives, the Rural Development Agency provides co-financing for storage and refrigeration infrastructure, used only for storing vegetables and potatoes.
A digital transformation council will be established in Georgia, with the involvement of both the Government and private sector, in order to “fully transform” the economy and develop the field of information technology (IT), Levan Davitashvili, the Georgian Economy Minister, announced on Friday.
The trends and dynamics of the economic growth, exports and tourism in Georgia were at the top of the agenda of a meeting between Georgian Prime Minister Irakli Garibashvili and chairpersons of the Business Association and Georgian banks on Tuesday.
Georgia’s “unprecedented” economic growth this year should be maintained and increased, Prime Minister Irakli Garibashvili said at the Government meeting on Monday.
The Georgian government’s job programme will aim to involve 100,000 citizens this year, offering them work instead of social assistance, Prime Minister Irakli Garibashvili said on Wednesday.
The Georgian Government will hand state-owned real estate to 16 individuals and 19 families for the symbolic price of ₾1 ($0.35), the Government Administration said on Monday following a meeting of the Cabinet of Ministers.