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Major Economic Projects Promotion Fund to appear in Georgia

2011-02-15 18:24

13554.jpegMajor Economic Projects Promotion Fund is to appear in Georgia - this was stated by the country's Prime Minister Nika Gilauri, Business-Georgia informs. It is reported that the purpose of the newly established foundation is the assistance in creating large-scale economic projects.


Nika Gilauri has stated at the government meeting that the draft law concerning the new fund will be considered today, while its presentation will be held in the nearest days.

"In his speech delivered on February 11, the president stated that the country should try to implement several large-scale investment projects with the private sector. The point at issue, among all, is the construction of an oil refinery, development of agriculture and energy safety which are very important for the country's growth. Private sector cannot realize these projects without someone's help.

Accordingly, we will establish a foundation to implement several major projects with the participation of the private sector", - Gilauri explained the idea of the new fund.

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