Georgian government to create most favorable conditions for investors in the agricultural sector

Georgian government to create most favorable conditions for investors in the agricultural sector

Georgian government to create most favorable conditions for investors in the agricultural sector

The FINANCIAL -- Within frames of the current program for agriculture enhancement, the Government of Georgia plans to create the most favorable conditions for investors capture to the industry, declared Gocha Tsopurashvili, Deputy Minister of Agriculture of Georgia, to APK-Inform journalists.

According to him, to date Georgia has the special co-financing fund, which assists to realize even large-scale projects in the agricultural sector.

G.Tsopurashvili specified that an investor can provide only half of the required sum, and the fund will provide the other half. At the same time, the investor can later buy out the fund`s share. In addition, if the investor has any proposal that meets the public interests, such as construction of any plant or processing complex, the authorities may give land areas for the project realization for free.

Also, depending on the invested sum, the authorities can compensate one fourth, one fifth or one sixth part of the sum with the certain assets.

For example, if the investor undertakes to invest 1.2 mln USD, then it is possible to give him 300 thsd USD in form of property, said the Deputy Minister.