Georgia forms joint fund of private sector and government

A section of the Georgian business community supports the proposal of establishing a joint fund of the private sector and government. A vice president of the Association of Small Business, Kaha Kokhreidze, supports the creation of such a fund, even though details about it are still unknown, Business-Georgia reports.

"We have been talking about this for a long time, because there is not much willingness to invest in the private sector without government intervention. It's necessary to choose the right projects and to focus on small and medium-sized businesses," Kokhreidze said.

The Georgian government initiated the creation of a new fund involving the private sector in order to finance the implementation of major projects.