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Economy

Building Materials Factory Underway in Georgia

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Two more ventures will probably be formed within the frames of “Produce in Georgia”. Using the Georgian Pm, an organization manufacturing building materials might be constructed in Didi Lilo. Above 3.5 million GEL is going to be picked up the project, whereas the us government will transfer the ownership of your 1 ha land plot towards the venture at the symbolic price.

The enterprise formed inside the frames from the second project concentrates on output of glass and glass products. Around one million GEL is going to be invested in the project.

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“The Government assists startups in wide variety of directions that encompass transferring with the state owned property into the private sector free of charge, subsidizing loans to startups throughout Couple of years after their establishment, together with provision of the part of the collaterals for the commercial banks,” – the best Minister stated.

“I would like to welcome a person’s eye expressed from the world-renowned Georgian designer Zviad Tsikoria. He intentions to start a new enterprise in Georgia. We’ve been ready to fully secure the project to make certain maximum benefit for our own country with the help of our talented compatriots getting work done in parts worldwide,” – the number one Minister indicated.

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