The Georgian government has altered its policy to attract investments and introduced a new tool – FDI grant.
Director of the Produce in Georgia agency Mikheil Khidureli says that investors will receive a grant from 300,000 to 1,000,000 GEL from the Georgian government if they invest in Georgia.
''When an investor arrives and invests a certain amount of money in Georgia, it means it offers jobs to a specific number of people. The investor can receive from 300,000 to 1,000,000 GEL from the Georgian government and spend it for particular purposes, such as re-training the workforce and installing infrastructure,'' Khidureli says.
The Georgian government has resumed the investment attraction strategy, as it developed the new policy with the World Bank and IFC.