Georgia allocates funds to maintain prices for primary food products

Business Materials 26 March 2020 17:13 (UTC +04:00)
Georgia allocates funds to maintain prices for primary food products

BAKU, Azerbaijan, March 26

By Tamilla Mammadova – Trend:

The government of Georgia has approved the “State Program for Preservation of Prices for primary food products” amid coronavirus, Trend reports via Georgian media.

As reported, the program is intended to subsidize the exchange rate change in foreign currency (USD and euro) for the imported products in Georgia.

For this purpose, 10 million lari ($2.9 million) will be allocated from the budget of the Ministry of Agriculture.

According to a government decree, the program aims to keep prices on primary food products. These are nine types of products – rice, pasta, buckwheat, sunflower oil, sugar, wheat, wheat flour, milk powder and beans.

The total number of confirmed coronavirus cases in Georgia stands at 77.

Some 4,055 people in Georgia are under quarantine and 252 others are in hospitals.

On March 21, Georgia declared a state of emergency until April 21 to prevent the spread of coronavirus.

The outbreak in the Chinese city of Wuhan - which is an international transport hub - began at a fish market in late December 2019. Some sources claim the coronavirus outbreak started as early as November 2019.

The World Health Organization (WHO) declared COVID-19 a pandemic on March 11.