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Bank of Georgia's support to boost blueberry growing

Finance Materials 5 August 2021 09:59 (UTC +04:00)
Bank of Georgia's support to boost blueberry growing

BAKU, Azerbaijan, August 5

Tamilla Mammadova – Trend:

Bank of Georgia will invest in creation of blueberry plantations in the Georgian city of Kolubeti, Trend reports via Georgian media.

The total investment of the project for plantations on an area of 17 ha is 1.10 million lari ($355,510). The investment made by the Bank of Georgia is 473,500 lari ($153,031). The financial resources allocated to the business were spent on the purchase, cultivation of blueberry seedlings and the arrangement of a refrigeration plant.

The cooperative, which operates the plantations, currently harvests up to 40 tons, which is realized both in the local market and abroad.

Due to the increased demand for blueberries, the cooperative plans to further expand the refrigeration industry, purchase sorting and processing equipment and export the product to Ukraine.

"We are successfully operating in partnership with Bank of Georgia. We are looking for new markets, creating new workplaces. We employ from 60 up to 150 people during blueberry picking season. Since the harvest increases from year to year, we hope to employ much more people," noted the representative of cooperative Jambul Dumbadze.

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