Make it your homepage |   E-mail: Subscribe Unsubscribe


Sunday, April 20, 2014
News Making Money

15 Percent of Pork Market to be Filled with Georgian Produce

03/06/2013 08:07 (320 Day 13:54 minutes ago)

The FINANCIAL --  A new pork farm, Kalanda LTD, daughter company of Geo Agro, is going to start producing pork meat and occupy a 15 percent share of the pork market in Georgia. This is the first large-scale project in the agriculture sector to be financed by the Partnership Fund in cooperation with private investors. Its investment capital consisted of USD 10 million.

ADVERTISEMENT


A pig fertilization programme has already started and the first high quality meat will be available in December this year, with a capacity of 300 pigs per week from the very beginning.  This figure will be doubled in 2014 after transitioning to the full production cycle, Partnership Fund representatives promise.

Kalanda is located in Tetritskaro, nearby Koda, and occupies 13 ha of land, consisting of 7 industrial buildings. The number of pigsthat will be slaughtered per year at the farm will be 16,000, producing 110 kg of meat in total.

The idea of building a pork farm in Georgia is to start reviving local produce in the country. Technically the farm is equipped by Big Dutchman, a German company which provides a complete line of poultry production equipment.

“This is a unique project implemented in the agriculture sector by the Partnership Fund as it is the first successful attempt of collaboration of state, banking sector and entrepreneurs,”claims IrakliKovzanadze, the Executive Director of Parnerhip Fund.

“I am glad that we are all seeing the results of the joint effort of state and private business and the banking sector. This is a very important project as its goal is to offer the Georgian market eco-friendly products. I am sure that Kalanda’s production will be deserving of customers’ attention after its appearance on the Georgian market,” said Kovzanadze.

“The Partnership Fund aims to support private investments where the state has a priority. One of the prioritized directions is the development of the agriculture sector in Georgia. Several projects are being discussed by the Fund at the moment, which we are going to finance,” he added.

The Fund finances agricultural projects by 50 percent of its capital, whose total investment volume is GEL 5 million. As for the other sectors, its investment volume is GEL 30 million.

JSC Partnership Fund (PF) was established by the Government of Georgia in August of 2011. The Government owns 100 percent of the Fund. PF’s current asset base exceeds GEL 5 billion. The capital consists of GEL 2.3 billion. PF supports the transformation of interesting ideas into commercially viable realities in several sectors, including agribusiness, energy, manufacturing and real estate.

Oversight of the PF’s management team is ensured by the supervisory board which is chaired by the Prime Minister of Georgia and provides for membership of representatives of both government and private sectors, thus bringing to the table perspectives of various stakeholders.

 

 

Make Your Comment

Add NewSearchRSS
Only registered users and facebook social network members can write comments!

This text is replaced by the Flash movie.
This text is replaced by the Flash movie.
Politics
Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (3 Day 05:08 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.

Read more...



TRAVEL BIZ »
PRESS RELEASES »
FINANCIAL »
UKRAINE »
GEORGIA »
WORLD »
BANKS »
BUSINESS »
TECH »
MARKETS »
B SCHOOLS »
SPECIAL REPORTS »

Markets
Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (08:21 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

Jobs
Philippines: Further reforms to strengthen growth, create more and better jobs

11/04/2014 12:00 (8 Day 10:01 minutes ago)

The FINANCIAL -- The Philippines is likely to remain as one of the fastest growing economies in the East Asia and Pacific region in the next two years.

INSURANCE
M&A insurance grows as confidence increases

18/04/2014 16:18 (1 Day 05:43 minutes ago)

The FINANCIAL -- As the green shoots of economic recovery have started to show in key markets like the UK and US, demand for mergers and acquisitions (M&A) insurance has been rising, according to Lloyd's, the world's specialist insurance market.

Read more...






Developed by Aleksandre Chiabrishvili

Design built by Creo Group