Two New Factories to Be Established with State Support
Two new factories will be established under the Produce in Georgia state program.
To launch a non-noble metal producing factory in Kutaisi, the state will allocate land to the investor who will additionally enjoy every mechanism under the program, including subsidized loans and bank loan cosigning.
Some 1,360,000 GEL will be invested and 60 people will be employed at different stages of the project.
A metal production plat will be established in Tbilisi, with 4,000,000 GEL in investments and 30 people employed at the initial stage.
At today's Government meeting, the Prime Minister also spoke of the Gemuani fruit processing plant that opened yesterday in Zugdidi with support offered under the United Agro Project state program. The plant employs an innovative processing technology that allows for keeping 98% of the vitamins and microelements after treatment.
"It is a unique method that enables us to process both top and relatively low quality fruits subsequently to be sold as dried products. The plant's products for the next year are practically preordered by Near eastern countries, the UAE, and several European countries," the Prime Minister said and congratulated the Ministry of Agriculture on the implementation of this important project.
Giorgi Kvirikashvili also believes that it is beneficial to adopt this technology in other regions as well.
Overall, 851,024 USD was invested in the plant, of which 250,000 USD as a grant and 484,512 USD as an affordable agro credit.
The state also allocated immovable property to the plant, including an abandoned production facility that has been renovated to meet modern standards. The enterprise directly employs 35 workers, with 150 farmers contracted to supply products.
"This means that, besides 35 families of those employed directly, additional 150 households have a source of income, given that each farmer equals one household, though there may be more. Thus, this enterprise gives good return on investment," Giorgi Kvirikashvili emphasized.
According to the Prime Minister, the public is often unaware of the many good endeavors accomplished under the Produce in Georgia program, which is why he instructed the Cabinet members to inform the country's rural population about these success stories during their visits to the regions.
Online meeting between the representatives of the Chambers of Commerce and Industry of Turkmenistan and the UAE
The representatives of the Chambers of Commerce and Industry of Turkmenistan and the United Arab Emirates held an online meeting.
The heads and representatives of the Chamber of Commerce and Industry of Turkmenistan, the Union of Industrialists and Entrepreneurs, as well as other departments represented Turkmenistan at the meeting. The UAE delegation was represented by Secretary-General of the Federation of UAE Chambers of Commerce and Industry, Humaid Mohamed bin Salem.
The meeting focused on the prospects for bilateral partnership between Turkmenistan and the UAE in the trade and economic sphere, the expansion of mutual trade, the development of export-import operations. In particular, the possibilities of supplying Turkmen textile and carpet products, food products to the UAE were considered.
During the meeting, the parties agreed to hold business forums and online meetings for representatives of the private sectors of the two countries.
The state news agency of Turkmenistan
Statement of the State Security Service of Georgia
In relation to the information disseminated via mass media, we would like to inform you, that the Counterterrorism Center of the State Security Service detained a citizen of the Russian Federation on charges of purchase and storage of forged documents envisaged by article 362, paragraph 1 of the Criminal Code of Georgia.
The accused individual – V.B. has been detained in the framework of an investigation of a criminal case launched into the fact of preparation of murder by contract, which has been carried out by the State Security Service on the basis of respective operational information.
Throughout the process of investigation of the mentioned criminal case, in order to obtain evidence and attach it to the case in line with criminal procedure, on the basis of judge’s orders, numerous overt and covert investigative activities have been carried out; furthermore, operational control over V.B and his contacts have been continuously underway, due to which, a crime committed by V.B., in particular, the fact of purchase and usage of the forged documents by V.B. has been outlined. On the basis of authentic and consolidated evidence obtained by the investigation, the investigative authority took a decision to detain V.B., as a result of which the exposed individual on the one hand has been brought to justice and at the same time a graver crime has been prevented.
It is worth mentioning that intensive investigative activities are ongoing into the case on the very stage, numerous forensic examinations are scheduled, additional information is requested within the framework of international cooperation, through Interpol channels, witnesses are being interviewed.
On the basis of the above-mentioned, State Security Service of Georgia calls on every person, including a party of the criminal case, refrain from disseminating of any clarified or unclarified information so that the investigation is not obstructed, dissemination of significant and/or fake information is prevented, that eventually will damage a major public interest – to establish an objective truth in relation to the case.
Press release of the State Security Service
The Visa Foundation Announces Grantee to Support COVID-19 Recovery in Central Europe (including Georgia), Middle East and Africa
Funds will support relief efforts being undertaken by the Red Cross
Tbilisi, May 13, 2020 – The Visa Foundation today announced its approval of a $1.6 million COVID-19 relief grant to the Red Cross to support their COVID-19 recovery programs across Central and Eastern Europe, Middle East and Africa. The Red Cross is supporting the frontline response to the pandemic and providing critical services for vulnerable communities through public health and disaster relief services.
This grant is part of the Visa Foundation’s previously announced $210 million global commitment, with $10 million in COVID-19 relief focused on the emergency needs announced this week for organizations worldwide and another $200 million to address longer-term needs of the small and micro business community over the next five years. Globally, the Visa Foundation is providing $4.3 million in funding to support the Red Cross’ COVID-19 programs.
“Societies around the world have faced unprecedented challenges as a result of the COVID-19 pandemic, with the outbreak placing immense strain on public health providers and other essential services,” said Andrew Torre, Regional President CEMEA, Visa. “We are incredibly grateful and inspired by the tireless work of all humanitarian organizations at this time, and are pleased the Visa Foundation grants will support the ongoing efforts of the Red Cross.”
Across the CEMEA region, COVID-19 has placed additional challenges on communities, with many already suffering the effects of poverty, insecurity, conflict or climate change. The grant to the Red Cross aims to provide much needed support to continue providing vital services across the region.
“We’re grateful for the amazing work humanitarian assistance organizations are providing to communities around the world affected by the COVID-19 pandemic, “ said Graham MacMillan, president of the Visa Foundation. “The Visa Foundation is proud to offer these grants to support these organizations’ mission-critical work during these perilous times.”
The forthcoming 5-year $200 million program will support small and micro businesses, with a focus on fostering women’s economic advancement, both of which will be critical to long-term economic recovery from the COVID-19 pandemic. This commitment expands the Visa Foundation’s long-standing support for small and micro businesses globally. Additional information on the Foundation’s grant and investment strategy will be shared in the coming months.
For more information:
- The Visa Foundation’s COVID-19 regional grantees: https://usa.visa.com/visa-everywhere/blog/bdp/2020/05/11/the-visa-foundation-1589219590276.html
- Visa Inc. COVID-19 response: https://usa.visa.com/visa-everywhere/blog/bdp/2020/04/03/visa-is-committed-1585927227688.html
- Visa Foundation $210 Million commitment to small and micro businesses and immediate COVID-19 relief: https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.17066.html
About the Visa Foundation
The Visa Foundation seeks to support inclusive economies where individuals, businesses and communities can thrive. Through grantmaking and investing, the Foundation prioritizes the resilience and growth of micro and small businesses that benefit women. The Foundation also supports broader community needs and disaster response in times of crisis. The Visa Foundation is registered in the U.S. as a 501(c)3 entity. For more information, visit https://usa.visa.com/about-visa/philanthropy/visa-foundation.html.
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/about-visa, visa.com.ge, facebook.com/VisaGeorgiaGE
World Bank Pledges $80 Million to Support Georgia’s Response to COVID-19 Pandemic
The World Bank will provide a $80 million financial support package to Georgia to help the Government’s efforts to mitigate and address the health and social impacts of the COVID-19 pandemic. The support is provided under the World Bank’s Fast Track Covid19 Facility (FTCF). The World Bank is also collaborating with the Asian Infrastructure Investment Bank to provide an additional $100 million under a joint co-finance arrangement.
The objective is to finance measures that help prevent, detect and respond to the threat posed by the COVID-19 pandemic and provide immediate social protection support to the most vulnerable. It is expected to benefit the population at large, and in particular, the infected people and at-risk populations such as the elderly and people with chronic conditions, as well as medical and emergency personnel. Health-related emergency COVID-19 response measures include case detection and confirmation, increased testing, as well as health system strengthening for case management.
In addition, the project will provide income support to the poor and vulnerable households by scaling-up of the Targeted Social Assistance program and providing temporary cash transfers to workers who lost jobs due to the pandemic.
“Through our rapid support we are helping save lives and protect the livelihoods of those impacted by the pandemic during this challenging time," said Sebastian Molineus, World Bank Regional Director for the South Caucasus. “We estimate that the total WBG financing package for Georgia COVID-19 response will be approximately $200 milion in new financing, in addition to the approximately $300 million funds in our pipeline for 2020-2021 for projects in support of broader development needs, such as digital connectivity and infrastructure”.
“I would especially like to note that our partners have been actively involved in the negotiations with the Government of Georgia since the very first days of the pandemic. Once again, I would like to thank them for that tremendous support,”- said Ivane Matchavariani, Minister of Finance of Georgia. “Furthermore, I would like to emphasize the role of the World Bank in the preparation of this program, as well as in the development of our country in general”.
This project is a part of World Bank’s broader support for the people of Georgia, and it is the first in the series of three lending operations to be rolled-out over the coming three months. The second upcoming operation will come in the form of additional financing to the existing Economic Management and Competitiveness Development Policy Operation (approved by World Bank's Board of Executive Directors on March 26, 2020), aiming to help the government cover the unanticipated financing gap and ensure Georgia’s progress in implementing reforms in areas critical for inclusive economic growth. The third is the upcoming Relief and Recovery for MSMEs and Jobs project, which intends to support the jobs agenda as well as micro, small and medium-sized enterprises that have been affected by the pandemic.
The U.S. Government is proud to announce an additional $600,000 in emergency health assistance to support Georgia's response to COVID-19
The U.S. Government is proud to announce an additional $600,000 in emergency health assistance to support Georgia's response to COVID-19. With this new assistance, the U.S. Government, through USAID, has committed $1.7 million in emergency health assistance to support Georgia’s efforts to prevent the spread of COVID-19 and to help the individuals and communities who are most at risk.
The $1.7 million in emergency health assistance from USAID will help control and prevent infection and identify cases of the virus. It will include technical assistance to improve Georgia’s response and preparedness for controlling the outbreak, and for communicating information about the emergency.
The new assistance is part of a whole-of-government approach by the U.S. Government. It comes in addition to other health sector assistance provided by the Centers for Disease Control and Prevention (CDC) and the Defense Threat Reduction Agency (DTRA), USAID support for Georgia's economic recovery and effective provision of public services, and the nearly $140 million the U.S. has invested over the past 20 years in helping Georgia build a capable, resilient, and professional national healthcare system.
We are proud to partner with the Government of Georgia, local health professionals and civil society organizations, and international organizations to help people stay healthy and stay safe.