Georgia establishes fund to support major economic projects

In Georgia, a new fund will be established in order to assist in the implementation of major economic projects, Business-Georgia reports.

The project of this fund was discussed today at the government meeting, said Prime Minister Nika Gilauri. The state should try to implement several large investment projects with the private sector, including the construction of a refinery, agriculture and energy system development, said Gilauri quoting the presidential speech.  “It is impossible for the private sector to implement these projects without assistance. Therefore, we set up a fund through which  will allow to carry out  several major projects involving the private sector," said Gilauri.