Ministry of Environmental Protection and Agriculture of Georgia Ministry of Environmental Protection and Agriculture of Georgia

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Batumi to host the Investment Forum

Khatia Tsilosani: "Modernization of agricultural sector, as well as, implementation of investments will help us to enter the EU 500 million market."

The conference of historic importance dedicated to the 10th anniversary of the Eastern Partnership was held in Batumi, which also included an Investment Forum bringing together representatives of Eastern Partnership countries, sharing their experience and setting their focus on energy, infrastructure, agriculture and processing industry related issues; The participants got familiar with the investment opportunities, including agricultural potential in Georgia.

"European Union provides a support to promote rural and agricultural development in the Eastern partnership countries, including Georgia, furthermore, modernization and investments implemented in the agrarian field offers benefits and great opportunities to the private sector to get into the EU 500 million market." said the Deputy Minister of Environmental Protection and Agriculture, KhatiaTsilosani.

The Ministry of Environmental Protection and Agriculture was presented at the panel for processing industry and agriculture, where representatives of the relevant agencies of Armenia, Azerbaijan, Moldova, Ukraine and Belarus participated. The panel also included European Investment Bank and European Bank for Reconstruction and Development (EBRD).

Financial Institutions brought forward projects implemented in the Eastern Partnership countries and provided stakeholders and representatives of the business sector with the information in relation with the minimum requirements and capabilities that will be further supported by the financial institutions for making investments in the agricultural sector.

The participants gave a detailed account on major market mechanisms to facilitate the access to the EU market, they also brought forward main directions of the policy implemented by government, including implementation of legislative initiatives in accordance with the market demand, introduction of tax benefits and projects supporting agriculture and processing industry.