SME development remains priority for Georgia

Business Materials 12 February 2020 18:09 (UTC +04:00)
SME development remains priority for Georgia

BAKU, Azerbaijan, Feb. 12

By Tamilla Mammadova – Trend:

The development of small and medium-sized businesses is the number one priority for the Georgian economy, said Deputy Minister of Economy and Sustainable Development of Georgia Irakli Nadareishvili, Trend reports citing Georgian media.

He made the remark in the framework of the forum on access to finance under the USAID program on economic security.

According to him, all the challenges that remain for small and medium-sized businesses, including access to finance, are the tasks that the government has been actively working on over the past few years.

According to Nadareishvili, only ten different programs were launched within the Ministry of Economy, which are aimed both at improving access to finance, and, in general, at supporting small and medium-sized businesses in Georgia.

“As an example, I can say that the 'Produce in Georgia', loan co-financing program has more than 450 beneficiaries. In addition to 'Produce in Georgia', the National Tourism Administration of Georgia is implementing very interesting programs, including retraining and training programs," Nadareishvili said.

According to him, last year, over 2,000 small and medium-sized business operators took part in the training on development of hotels and tourism.

"The Agency of Innovations and Technologies, with the support of the World Bank, implements a number of programs that are specifically aimed at developing innovative and technological business,” said Nadareishvili.

As he noted, it is very important that the Ministry of Economy and all departments subordinate to it constantly monitor the effectiveness of the implementation of these programs. Based on this, decisions are made to improve programs and introduce new ones.


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