The development and support of entrepreneurship continue to be a top priority for the Georgian government. Deputy Minister of Economy and Sustainable Development, Irakli Nadareishvili, emphasized that special attention is being given to nurturing the small and medium-sized business sector, which serves as a foundation of Georgia’s economy.

Nadareishvili explained that efforts are ongoing to improve the key initiatives of the Enterprise Georgia Agency to better support growth and development in this vital sector.

The Ministry of Economy, via the Enterprise Georgia Agency, is expanding its support for entrepreneurs. Starting September 1, co-financing for loans and leasing interest under the universal industrial component will increase by two percentage points. New grant categories will also be introduced, covering areas such as high-mountain regions, agro-tourism, green initiatives, digitalisation, and research and development (R&D). Additionally, grant amounts for women entrepreneurs will rise across all these sectors.

The State Programme for Supporting Micro-Entrepreneurship has been updated to include new economic activities, including food production, specialised construction work, and the cultivation of various annual crops.

Highlighting the programme’s impact, Nadareishvili noted that over 3,000 projects in the small and medium-sized sector have received support through Produce in Georgia, with investments exceeding three billion GEL.

“These achievements reflect strong growth: production output has nearly quadrupled, added value has increased three and a half times, investments in fixed assets have grown two and a half times, and employment has risen by around 30%,” he said.

The Deputy Minister reaffirmed that continuously adapting the Enterprise Georgia Agency programme to meet the evolving needs of businesses remains a key focus for the government moving forward.