BAKU, Azerbaijan, Oct. 18
By Maryana Akhmedova – Trend:
The Bank of Georgia has allocated funds to back up a project on production of metal constructions of the Georgia Machinery Company (GMC), Trend reports via Georgian media.
The total cost of the project is 5.8 million Georgian lari ($1.8 million), while the bank's allocated investment amounted to 4 million Georgian lari ($1.2 million).
“As part of the new project, we will start producing metal construction structures of different sizes and complexity,” the director of the company, Badri Khimshiashvili, said.
“Through joint efforts, the company was able to start a new business that will bring new jobs and economic recovery. Bank of Georgia wishes the company future success,” Zurab Masurashvili, Head of Small and Medium Business at the Bank of Georgia, said.
Meanwhile, the Bank of Georgia, together with USAID Economic Security Program, continues to actively support Georgian businesses.
“Under this program, participating companies are given the opportunity to create business development plans tailored to their needs, both in terms of export development, financial management and investment, as well as local sales growth,” Head of Small and Medium Business at the Bank of Georgia said.
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