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Tag Archives: private sector

Private Sector Avoids Financing Startups

Startup Georgia program was launched by initiative of the Georgian Prime Minister with the aim to develop startup businesses in the country. Any persons, who have economically profitable and efficient  ideas, are welcome to participate in the project. These ideas must be attractive in terms of investments and profits. In …

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EU Bank Launches New Scheme to Support Private Sector in Georgia

An EU-backed programme enabling the European Investment Bank to support small and medium-sized enterprises (SMEs) in the Republic of Moldova, Georgia and Ukraine was launched in Chisinau on 4 July. The programme is part of the EU’s Neighbourhood Investment Facility (NIF), aiming to provide a comprehensive package of instruments designed to …

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Insurance Usually Used by Only Corporation Sector in Georgia

“The population unfortunately does not buy insurance and usually, only corporation sector is is insured”-declared the head of Insurance Association, Devi Khechinashvili. He claims that the health insurance is usually sold to state organizations. “I don’t understand the reason why we could not suit an Estonian model with our 6 …

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Private Sector Will Fund San Diego State University Georgia Scholarships


San Diego State University (SDSU) Georgia presented its Public-Private Partnership Fund (PPF) at the Tbilisi Marriot last Wednesday. The primary goal of the PPF is to use public-private partnership to finance the higher educations of gifted and successful Georgian students in the science and technology fields and to fund innovative …

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Temur Chkonia Assesses Annual Performance of Private Sector in 2015

Businessman Temur Chkonia Started Construction of Bread Factory

What has the year of 2015 brought and what the year of 2016 will bring? Amid the current social and economic tendencies in Georgia, a part of the major business sector representatives negatively evaluate the year of 2015, while another part shows content with the current year’s performance. Founder of …

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