PM Announces Future State Business Programs and Their Social Benefits

New economic initiatives were one of the main topics at the Georgian Prime Minister’s recent meeting with the Government at which he announced the construction of three new factories in the regions, container warehouse buildings near the Black Sea and the start of a new state program to support and finance Start-Ups.

GEORGIA TODAY recently reported on PM Kvirikashvili’s new Start-Up funding program which will be available for any citizen with an innovative, exciting business proposal needing funding. The PM stated that, at the first stage, the program’s budget will consist of 11 million GEL, and is expected to increase to 35 million GEL.

PM Kvirikashvili actively encourages businesses to get involved in government programs. In the framework of the state program ‘Produce in Georgia,’ the Government approved three projects and said it would invest about 4 million GEL.

One of the projects will be a high-tech, modern livestock farming enterprise created in Martkopi village in Georgia’s Kvemo Kartli region. Local company Martkopis Baga will be responsible for implementing the project and around 2.5 million GEL will be invested.

More than 1 million GEL will be invested to build a construction materials manufacturing plant in Khelvachauri, Adjara, while 200,000 GEL will be invested to construct an Askangel Alliance Company factory that produces mineral products, in Guria.

The PM highlighted that in total 164 plants have been created within the ‘Produce in Georgia’ program. In total, these factories are worth more than 400 million GEL, and employ 7,500 people.

“It is extremely important that our citizens know about these kinds of programs as each of them is not only an impetus to our economy, but creates new jobs,” said PM Kvirikashvili.

The country’s leader also claimed that a new container warehouse which is going to be built near Poti by local Iceberg Poti Company, would add to the support of Georgia’s economy. The new container warehouse will receive an investment of 400,000 GEL, but the focus of the discussion was on the job aspect, with the PM stating that each container shipped via Georgia meant more jobs and better use of Georgia’s transit function.

“The number of containers being shipped via Georgia is on the up and there is growing demand for new logistics centers,” said the PM. “Georgia’s transit potential is being increasingly utilized. The growth of transit shipments via Georgian territory implies there are more employed people in Georgia, since there is a close correlation between the number of shipped containers and the prosperity of small and medium-sized enterprises.”

Eka Karsaulidze