2016-02-19
Within the frames of the State Program "Produce in Georgia", the lower limit of the credits issued by the commercial banks for the purpose of creation of the enterprises will be 150 000 GEL (instead of 250 000 GEL pursuant to the previous regulations) and 75 000 USD (instead of 150 000 USD pursuant to the previous regulations)
Respective was noted by Prime Minister Giorgi Kvirikashvili prior to the meeting of the Cabinet. Pursuant to him, several important directions are being amended based on the needs assessment conducted in process of implementing "Produce in Georgia". Respective changes will ensure increased support for entrepreneurs.
"The State Program is being amended. We took into account the needs of the small enterprises and lowered the threshold for the enterprises that are eligible to financial support. The lower limit for issued credit will be 150 000 GEL and equivalent of 75 000 USD,"- Prime Minister noted.
Pursuant to him, for the purpose of construction and extension of the capacity of hotels, allocation of funds will be possible in Lari and foreign currencies.
"We will introduce the financing scheme in other currencies for the hotels. The bank sector suggested that to increase activity in this program, other currency financing will be essential to ensure cooperation with foreign partners," - Giorgi Kvirikashvili noted.
Prime Minister's Press Office