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.
Bela Gelashvili
News Author