Investors in Georgia released from fines
Tbilisi, Georgia, Dec.30
By Nana Kirtzkhalia -Trend:
In order to improve the investment climate, Georgian Economy Ministry has decided to release entrepreneurs from fines accrued for non-fulfilment of their obligations. This amounts to about $16 million and 6.5 million lari ($1 = 1.73 lari).
Georgian Economy Minister Giorgi Kvirikashvili said it will enable the resumption of the implementation of more than 50 projects totalling over $360 million.
"In addition an inventory of state property has begun that for many years has been unaccounted. 600 buildings over a total area of five million square metres have already been registered," the minister said.
Translated by M.L.
Edited by S.M.