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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

Georgia\’s Revenues from Tourism Sector in January Made-up 164.5 million USD

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\”Along with growing variety of international visits, it can be of crucial importance to nurture precisely tourism visits and increase revenues from international tourism\”, representatives with the National Tourism Administration noted.

According on the early report by National Bank of Georgia (NBG), Georgia\’s revenues from international tourism in 2018 constructed 3.2 billion USD (up 18.4%), up 498 million USD as opposed to same duration of 2017.

According towards the actual symptom in January-September 2018, revenues from international tourism created 2.571 billion USD (up 20.5%), up 437 million USD year on year.

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Economy

Local Action Group Members Discuss Solutions to Address Environmental Challenges in Georgia

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The participants shared modern strategies to sustainable development and discussed tips on how to conserve the GALAG Environmental Group in putting acquired environmental knowledge into practice at the local level.

The workshop covered the most pressing environmental topics like java prices and refined individual originating from a global to the local context. The participants also discussed the necessity of forest management and climate smart agriculture in sustainable rural development, together with challenges inside the waste management sector in Georgia.

The EU is supporting agriculture and rural boost in Georgia through?ENPARD. Implemented since 2013 having a total budget of 179.5 million, the key objective of the programme is always to reduce rural poverty in Georgia.

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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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