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State-owned Companies Hinder Agriculture Sector Development

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It is necessary that this Government interfere from the agriculture sector inside a right way, Davitashvili noted.

\”Our political team is kind of a centrist party. The world thinks certain interference in the agriculture sector is critical. This should be carried out reasonably to be able to help the situation in case there is market failure.

We believe this should actually be executed for that private sector assistance and not for competing with in which you sector. I recall several years ago the insurance policy ended up play competitively with the private computer sector. The Authorities useful to create state companies in reaction to the existing challenges. Naturally, these companies are inefficient. Subsequently, now we have received inefficient without success enterprises, including Mechanizator company and a lot more, which cannot resolve the difficulties in the agriculture sector\”, Levan Davitashvili noted.?

Budget allocations for that Secretary of state for Agriculture and Environment Protection in 2019 constructed 339 million GEL, that 49 million GEL will co-finance the credits taken by state-owned companies, 13 million GEL might be invested in arranging fruit gardens, 76 million GEL will finance melioration system development and 96 million GEL are going to be allocated to Joint AgroProject.

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Economy

Boeing Buys First Products of Airplane Composite Spares Stated in Georgia

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The agreement was signed by Elbit Cyclone director David Vidan and ATC director Ari Weisbort.

The pant has finished test operation and manufactured the initial product. Currently, the flower employs above 120 persons trained by Elbit Cyclone specialists in Israel. The practice courses are going to be continued in a number stages. When using the full workload the plant will employ about 300 persons.?

At this stage the certification process have been finished for the plant. The organization owns ISO certificate and Boeing\’s compliance certificate.?

ATC is the foremost sample of attracted investments, Nino Cholokashvili, investments department manager of Partnership Fund and project manager Nino Cholokashvilis said.?

We remind you that ATC plant was established as being a joint project by Partnership Fund and Israeli company Elbit Cyclone. The project\’s investment value constituted 93 million USD. Guarana manufactures high-standard airplane spares, including gates, aerodynamic surface, control panels along with other spares. The ACT products are going to be supplied to Boeing, Airbus, Bombardier along with distinguished airplane companies.

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Economy

Myths concerning the Medium and small Business Sectors in Georgia

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In the Post-Soviet space, which include ?Georgia, medium and small business sectors are just one of these sacred topics. All politicians, all economic experts or self-proclaimed ignorant experts mention these topics.

Our society refers to small and medium business sectors as being an respond to all queries as well as a universal panacea. We are all-around sanctifying these sectors.

What will be able to help to develop production? The development of medium and small businesses. What creates new employers? The roll-out of medium and small businesses. What attracts investments? You need to have already guessed what-

Politicians and experts perform ritual dances throughout the issue of medium and small businesses. The Authorities adopt laws, simplify taxes, introduce preferences etc.

In a word, even praying usually ?be adequate to the revival of medium and small business sectors and also the Georgian economy, in general.

However, the truth is different. Collective dances about the fire cannot resolve the challenge, while medium and small businesses are represented only in restaurants, street peddlers and sweetness salons.

The point could be that the thought your little friend and medium business sectors can rescue the nation from decades of poverty is often a typical Post-Soviet myth, that has nothing that resembles the facts. This stereotype has recently become an inseparable portion of public opinion, which is repeated endlessly without analysis.

The top problem is caused by an unacceptable and superficial understanding of the issue of medium and small businesses. This perception contributes to unachievable dreams inside the countries like Georgia, where individuals repeat which includes a child\’s impatience C \”Small and medium businesses create 60% of jobs ?in Germany\”.

And this really is, rather than only in Germany, but- so what can we mean by small and medium business sectors?

The point could be that the greater part of Georgian citizens possess the psychology on the street merchant. All things are smaller than average thin in Georgia. Tbilisi is packed with many hundreds of microscopic automobile maintenance centers, small workshops for assembling and producing something, tiny trading outlets.

In western world, one major high-technology plant works, and in Georgia there are plenty of small establishments, where ignorant former peasants work without knowledge, qualifications or ?technological expertise.

In Germany, 80% of medium and small business companies may not be represented by cosmetic salons and bakeries, like Georgia C primarily, these are generally enterprises with approximately 150 employees, and they represent strong and high-technology plants along with value balances out ten million EUR.

They are smaller or medium-sized compared to BMW or Siemens, nevertheless in Georgia, the ?investments of tens of millions of USD are required to build similar enterprises. Moreover, furthermore need to have a highly-qualified workforce and engineers, labor culture, sales, markets C and Georgia lacks ?every one of these components.

Another factor is less discussed ?– aside from the aforementioned plants, the fulfillment of orders for major company is on the list of key functions of ?small and medium businesses.

For example, today in Munich there is a giant BMW plant and a huge selection of businesses functions around it, which manufacture glass, rubber, spares, engines ?and countless other details, without which your car couldn\’t be assembled.

There also are many developed companies in Munich which build houses and apartments for workers at BMW and related companies; restaurants, where the workers of BMW and related companies have meals, salons, schools, kindergartens, supermarkets and the like.

In one word, virtually all small and medium business companies are directly affixed to giant corporations, which provides locomotive and without which nothing could be created.

And the glory that \”80% are represented by medium and small business companies\” should never let someone result in the erroneous conclusions that if BMW factory closes tomorrow, 80% of these medium and small companies will disappear like last year\’s snow. ?Only restaurants, cosmetic salons and many small workshops, and much fair sellers will always be, as the is whithin Georgia.

You just might discover no country has flourished on account of the medium and small business sectors.

In Georgia, we keep making useless conclusions within the last 18 years, additionally, the the years have get to be aware that, naturally, small and medium business sectors play a large role, only major business create an economy C major plants, major hotels, giant HPPs, huge farms with tens and countless hectares, major investments in agriculture.

Today, ?business should focus on maximal concentration and enlargement, in support of this process will stimulate the introduction of small and medium business sectors, not the inverse.

And once we continue to pray and dance around the fire, if you don\’t change anyway.

By Tengiz Ablotia

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Economy

Plastic Recycling Plant to produce Operation in Kutaisi

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The plant is going to be built with the Chinese company to make plastic granules for extra exports.

As reported, in 20187 Chinese and Indian companies expressed intention to build a plastic recycling plant in Kutaisi, nevertheless the process was suspended once the legislative initiative for restriction of plastic wastes recycling. However, later the procedure was resumed.?

?We are able to claim that this project has revived; Now we have conducted consultations together with the investor as well as Environment Ministry and from now on the project remains in force. The mentioned company will carry out the plastic recycling by utilization of cutting-edge technologies and machineries without no environment impact.

In the near future we\’ll hold a fresh ending up in tag heuer to debate leasing information regarding which building to pick out to the enterprise\”, Soso Nibladze noted.
Initially, materials are going to be imported from abroad, while later domestically collected plastic wastes will be applied to production, he added.

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