The project supports the Ministry of Economy and Sustainable Development of Georgia to identify priority sectors/subsectors of the economy to target foreign investment. The sectors prioritized have potential for an increase in productivity and export to the EU market and therefore are potentially attractive to foreign investors.
The Russian ban on Turkish goods turns out to be a boon for Georgian consumers. As Turkey is shifting its surpluses to the Georgian market, the prices of fruits and veggies are plummeting.
Once again, Georgians across the country are preparing for the holiday season, making travel plans, crushing walnuts for gozinaki, and buying gifts for their friends and families. Gifts are an important part of celebrating the New Year and Christmas, signifying the importance of friendship and allowing us to treat our loved ones to something to start a brand new year in style.
In the last two weeks of November, Retail FPI decreased by 0.3%. Prices increased in the fruit and vegetable category. Grape price increased by 47%, tomatoes by 17.3% and eggplant by 12%. Unlike other fruits, tangerines, which are late to arrive to the market, went down in price by more than 30%.
The Government of Georgia (GoG) intends to create a national agricultural insurance program to achieve the following objectives: (i) developing the agricultural insurance market in Georgia; (ii) supporting agricultural production and increasing the competitiveness of farmers; and (iii) supporting the income of people involved in agricultural activities and minimizing their risks.