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UNDP and partners devote $700k to supporting entrepreneurship in Georgia’s regions

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The FINANCIAL — As the pandemic pushes Georgia’s economy into recession, with the severe job and income losses, local entrepreneurship and economic initiatives are key to protecting incomes of rural communities and bolstering their resilience to the crisis. To support economic recovery in Georgia’s regions, UNDP has committed USD 700,000 to promising local economic and social initiatives in four targeted regions. The assistance is part of a broader programme for regional and local development funded by the Swiss Agency for Development and Cooperation (SDC), the Austrian Development Agency (ADC) and the Government of Georgia. Representatives of UNDP and the Ministry of Regional…

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UNDP and partners devote $700k to supporting entrepreneurship in Georgia’s regions

2 mins read

The FINANCIAL — As the pandemic pushes Georgia’s economy into recession, with the severe job and income losses, local entrepreneurship and economic initiatives are key to protecting incomes of rural communities and bolstering their resilience to the crisis. To support economic recovery in Georgia’s regions, UNDP has committed USD 700,000 to promising local economic and…

The ADC stated gov’t reneged on support for port project

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The FINANCIAL — The Anaklia Development Consortium is the company originally selected by the government of Georgia to develop the Anaklia Port project. The company has released a statement yesterday, September 9. The statement claims the government ran a campaign to undermine the project by dissuading potential project investors, lenders, contractors and suppliers from joining the…

Anaklia Development Consortium filed a lawsuit against Georgia

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The FINANCIAL — The Anaklia Development Consortium (ADC) and Mr. Bob Meijer, one of its principal investors, on 29 July filed separate arbitration claims against Georgia in relation to their rights in the Anaklia Port Project. Together the two claims seek to recover the value of ADC’s and Mr. Meijer’s rights in the Project. The value…