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Georgia’s Co-investment Fund hit $ 5 bn

Georgia Materials 27 June 2013 17:11 (UTC +04:00)
Procedures for the establishment of co-investment Fund of Georgia will complete in the near future
Georgia’s Co-investment Fund hit $ 5 bn

Georgia, Tbilisi, June 27 / Trend N. Kirtskhalia /

Procedures for the establishment of co-investment Fund of Georgia will complete in the near future, Prime Minister of Georgia Bidzina Ivanishvili told reporters on Thursday.

According to him, to date, the fund has accumulated $ 5 billion dollars, and the number of people willing to invest in it is increasing.

"In the case of cost-effective and well-calculated projects the fund is ready to offer 25 to 75 percent of co-financing. Projects can be offered in any field," the prime minister said.

According to him, the Georgian market is very interesting - it's small, but logistically beneficial and it can be used to create a billion-dollar business.

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