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Georgian SME program aims digitization and environmental initiative to address climate change

Business Materials 7 May 2021 18:03 (UTC +04:00)

BAKU, Azerbaijan, May 7

By Tamilla Mammadova – Trend:

Some 50 billion euros were allocated for the Small and Medium Enterprises (SME) program in Georgia, said Georgian Special Adviser for Investments Vazil Hudak, Trend reports via Georgian media.

“It has two main aspects: digitalization and green or environmental initiative to address climate change. These are the future directions of Georgia as well – to become more digital, more modern, and greener. I believe that Georgia will thus come closer to Europe, and it is the major aspiration of the Government of Georgia too," he noted.

According to him, public funds are not sufficient to meet all these needs, and, that is why it is so important to mobilize other resources thereby engaging the private sector in the process.

"That is exactly where I see my role, to help the Government of Georgia in finding ways to mobilize other resources," Hudák noted.

International support will bring more benefit to the Government of Georgia. I see this goal achieved through the Public-Private Partnerships (PPP) as well, which will benefit the Georgian economy. It is an opportunity for strengthening ties between the EU and Georgia,” Hudak stated.

Prime Minister Irakli Garibashvili presented former Vice-President of the European Investment Bank Hudak as Special Adviser for Investments.

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