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An overview of the Georgian wine sector
01 December 2022

The Georgian winemaking tradition is 8000 years old, making Georgia the world’s first known location of grape winemaking. There are many traditions associated with Georgian winemaking. One of them is ‘Rtveli’ – the grape harvest that usually starts in September and continues throughout the autumn season, accompanied by feasts and celebrations.

December 2021 | Agri Review
28 December 2021

During the last ten years, the Government of Georgia (GoG) has continuously subsidized grape, apple, and tangerine production throughout the country. Under the present tangerine subsidy program budget, 900 thousand GEL will be spent subsidizing ‘non-standard’ tangerines (relatively low-quality fruit). This subsidy program started on 25 November 2021 and will last until 1 February 2022.

To Subsidize or Not to Subsidize Georgia’s Wine Sector?
12 October 2020

“Rtveli 2020” – a traditional vintage and rural harvest holiday in Georgia accompanied by feasts, musical events, and other celebrations started on August 26. This year, the Government of Georgia (GoG) is subsidizing the grape harvest to support growers in selling their products. 0.3 GEL of the total 0.8 GEL per kg of Rkatsiteli or Kakhuri Mtsvane is subsidized. In the case of extreme necessity, the GoG will be involved in the purchase of grapes as well.

Mortgage Subsidy – Encouraging Borrowing in the Midst of a Crisis
30 June 2020

On 28 May, Georgia announced its fourth anti-crisis plan, in which the government will subsidize 4 percent of the interest rate of mortgage loans for five years. The subsidy will be issued for loans not exceeding 200,000 GEL and will only apply to those taking mortgages for the purchase of residential apartments that are newly built or under construction, from 1 June 2020 to 1 January 2021. The state will also ensure the completion of ongoing construction.

How Can You Be Sure? On the Agricultural Insurance in Georgia
24 June 2019

Agricultural production is associated with a variety of risks, including market, institutional, and production risks. An important production factor in agriculture is the weather. Its uncontrollable nature makes weather risk the prevailing risk to agricultural production. Farmers have various informal and formal means of transferring and mitigating these risks. Informal means include savings, diversification, off-farm activities, etc. The most common formal means of risk mitigation is insurance. Insurance is a contract that transfers the risk of financial loss from an individual or business to an insurance company.

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