BAKU, Azerbaijan, October 16
By Tamilla Mammadova – Trend:
Bank of Georgia continues to support small and medium businesses, Trend reports via Georgian media.
In order to develop local production, the bank managed to attract investments of 250,000 lari ($77,859), which were spent on growing apple orchards and installing a drip irrigation system in the Shashvebi village in Gori.
The apple orchards were planted on an area of 5.8 hectares. Next year, the entrepreneurs plan to collect 11,200 Italian apple seedlings. The plans are to sell the goods on the local market.
“We are glad that the apple orchards in Gori were planted with the financial support of the bank. The project budget is quite high, its total volume is 284,000 lari ($88,448). Our goal is to support small entrepreneurs and promote the development of local production,” said Merab Akhvlediani, director of retail banking services at the Bank of Georgia.
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