1,806 projects, 2.5 bln GEL in investments, 53,000 jobs:
Ministers of Economy, Agriculture sum up state supported projects

In total 1,806 new business projects have been financed in Georgia since 2013 which created about 53,000 new jobs, while investments amounted to 2.5 billion GEL, Georgian Economy Minister Natia Turnava and Agriculture Minister Levan Davitashvili have announced today.

The two ministers have summed up the activities of sub-departments of Enterprise Georgia and the National Agency of State Property within both ministries. 

Turnava presented the interactive map of state-supported business projects which is available at www.programs.gov.ge.

Turnava said that each GEL spent under the state programme Produce in Georgia allows to attract 16 times more private investment.

She said that Produce in Georgia unites three main directions which are:

• Industrial component and credit-guarantee mechanism - 833 new projects, 1.8 million GEL investments, 30,000 jobs
• Programmes under the auspices of the Rural Development Agency - 856 new projects, 444 million GEL investments, 13,000 jobs
• National Agency of State Property - 117 new projects, 182 million GEL investments, 10,000 jobs

Turnava said that in order to develop local production, increase exports and gradually replace imports the government of Georgia had decided to finance over 1,300 new businesses within Produce in Georgia over the next two to three years.