FAO’s intervention through support packages aims to provide smallholder women producers of milk and dairy products with the means and opportunity to improve food safety conditions at the farm level, thus reducing any potential foodborne risks for final consumers.The ongoing EU and Sweden-funded matching grant opportunity is being offered in the Samegrelo-Zemo Svaneti region, as well as in Adigeni, Gori, Samtredia, and Tsalka municipalities. The support package is available for dairy women farmers who: Own between six and 20 cows; Have attended FAO Georgia’s food safety training sessions implemented under the EU and Sweden-funded ENPARD IV. Notably, FAO’s food safety training sessions are offered regularly in the regions and municipalities listed above. Hence, interested women dairy farmers with six to twenty cows who have not yet attended these educational meetings can do so in the coming months to become eligible to apply for such matching grant opportunities.The support package implies co-funding the following dairy production inventory: Portable milking machines; Cooling tanks with a maximum capacity of 500 L; Pasteurisers with a maximum capacity of 500 L; Portable milk analysers. “With the matching grants opportunities, we are providing smallholder women farmers with an opportunity to enhance their production efficiency, food safety, and output quality. This way, we are supporting farmers in becoming more competitive on the national and, possibly, international markets while also paving a path towards ensuring improved access to safe, high-quality, nutritious foods for final consumers. Most importantly, the food safety equipment that we deliver to dairy women farmers can support them in putting into practice the knowledge gained through FAO food safety training sessions”, says Guido Agostinucci, FAO Programme Manager. “Women lead the dairy sector in Georgia, and 102 professionals are now empowered to produce more, better, and higher quality products with improved efficiency. Notably, the equipment delivered to the ENPARD IV grantees is now in the safe hands of knowledgeable farmers ensuring their dairy products meet the food safety and quality standards. As part of the ongoing matching grant cycle, I look forward to witnessing more women farmers being provided with such investment opportunity to diversify and increase their income and to advance the Georgian dairy sector and its contribution to the rural economy.” Denis Reiss, Programme Officer for Sustainable Food Systems at the Delegation of the European Union to Georgia.“Improved access to agricultural equipment that advances production efficiency and food safety is truly a step forward for smallholder women farmers who are focused on advancing their agribusinesses. Under ENPARD IV, we are empowering a network of such women. Added to the knowledge-sharing platforms, the ongoing matching grant opportunity gives them the possibility to make dairy production processes faster and safer. This leaves more time for rural women to accomplish other goals as well while becoming more competitive on the national market,” says Elisabet Brandberg, Head of Development Cooperation/Deputy Head of Mission, Embassy of Sweden.More information about the ongoing grant opportunities for smallholder women dairy farmers is available on faogrants.ge/sp5.About the European UnionFor more than 30 years, the European Union has built a close partnership with Georgia, supporting its development through knowledge and experience sharing, expertise, innovation and financial support. The relationship between the EU and the citizens of Georgia is based on shared values of peace, freedom, democracy, human rights and inclusive economic growth. More about the EU’s support in Georgia https://eu4georgia.eu/the-european-union-in-georgia/About ENPARDThe European Union supports rural development in Georgia through its ENPARD Programme. Aiming to reduce rural poverty, ENPARD has been implemented since 2013. The Programme started by supporting the development of national agriculture potential. Subsequently, it also concentrated on creating economic opportunities for rural populations in Georgia. Since 2021, the Programme has also been working on improving food safety in the country, with additional support from Sweden and with FAO and the Czech Development Agency as the main implementers of this food safety component under ENPARD IV.Contact: Guram Saqvarelidze, FAO Communication Specialist; guram.saqvarelidze@fao.org, +995558493891
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As of the document, compared to the 2020 average, the index change amounted to 46.7%. The RPPI covers the market of new residential property in Tbilisi, both flats and detached houses segments.In the third quarter of 2024 a price decrease compared to the previous quarter was registered both in flats (-1.1%) and detached houses (-0.2 %) segments.Compared to the third quarter of 2023, the prices increased in both segments, for flats by 7.5% and for detached houses by 9.7%.The following graph represents the median prices of 1m2 in the newly-built residential properties in the third quarter of 2024 in Tbilisi, by districts:
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In the history of independent Georgia, such large investments have not been made many times, "with the coordination of the state and the private sector, which will allow us to establish a new industry in the country", said Economy Minister Levan Davitashvili at the presentation of the new factory project.Black Sea Petroleum is building the first full-cycle plant. The total investment volume is up to 700 million US dollars. The output of phase I will be more than 1 million tons.At the final stage, the enterprise will be able to satisfy both local consumption and produce high-standard products, which are also exported to the European market.The factory will be equipped with high-tech, modern equipment, which will ensure the production of final products of the highest quality, international standard. In addition, according to the information of the First Vice Prime Minister, the development of the enterprise is fully in line with the highest environmental protection standards. The plant will start operating in March 2025 and plans to process 1.2 million tons of crude oil annually in the first stage.
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In particular, the construction of an oil refinery in the free industrial zone of Kulevი has been planned since 2012, and "Black Sea Petroleum" LLC is the third investor in the project, which should invest $30 million on the site.To remind, construction of an oil refinery in Kulev FIZ has been planned since 2012, when an investment agreement was signed with Socar during the time of the previous government, but the mentioned project was not implemented. After that, the obligation to implement the project was transferred to the company Phasis Oil, which failed to fulfill its obligations, due to which the government replaced the investor and in 2023 the project was handed over to "Black Sea Petroleum" LLC. It is worth noting that "Phasis Oil", which failed to build an oil refinery in Kulevi for 7 years, was fined by the state, although later it wrote off the fine of more than USD 20 million.
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In 2023, the volume of short-term assets out of the total financial assets was 6.6 billion GEL and the liquidity percentage was 44.8.At the end of 2023, liabilities of non-financial corporations amounted to 72.3 billion GEL (of which, short-term liabilities were 19.9 billion GEL).Out of total liabilities, liabilities in foreign currency amounted to 15.8 billion GEL1 . At the end of 2023, out of total debt, debt to non-residents (Foreign Debt) amounted to 9.9 billion GEL.The volume of capital and reserves by the end of 2023 amounted to 70.1 billion GEL.In 2023, interest expenses of non-financial corporations amounted to 2.7 billion GEL and total income was 18.5 billion GEL.In 2023, expenditures on debt service (repaying base debt obligation plus interest payment on loan) amounted to 13.4 billion GEL. Out of this amount, debt service as the interest payment was 1.8 billion GEL. Debt service provided by loans from individuals equaled 114.4 million GEL, and debt service provided by other non-financial corporations was 820.5 million GEL.
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Share of the domestic exports in total exports constituted 42.6 percent and amounted to USD 2 040.3 million, 4.9 percent lower to the same period of 2023.In January-September 2024 the share of the top ten trading partners by domestic exports in the total domestic exports of Georgia amounted to 73.6 percent. The top partners were Russia (USD 420.2 million), Türkiye (USD 304.4 million) and China (USD 210.1 million).In January-September 2024 ferro-alloys reclaimed the first place in the list of top export items, equaling USD 226.8 million, or 11.1 percent of total exports. The exports of wine of fresh grapes totaled USD 213.7 million and their share in the total exports amounted to 10.5 percent. The exports of precious metal ores and concentrates, occupied the third place, standing at USD 169.8 million and constituting 8.3 percent of the total exports.
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The exports equaled 4 786.7 million (4.1 percent higher), while the imports stood at USD 11 991.0 million (3.6 percent higher).The negative trade balance was USD 7 204.3 million in January-September 2024 and its share in external trade turnover constituted 42.9%.In January-September 2024 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 82.1%. The top partners were Kyrgyzstan (USD 908.0 million), Kazakhstan (USD 634.9 million) and Azerbaijan (USD 544.3 million).In January-September 2024 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 69.5%. The top partners were Türkiye (USD 1 986.7 million), USA (USD 1 376.9 million) and Russia (USD 1 313.0 million).
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The prices for products from mining and quarrying increased by 2.8 percent compared to August 2024, resulting in a 0.18 percentage point contribution to the overall monthly PPI change.In the same period the prices for manufactured products increased by 0.5 percent, contributing 0.37 percentage points to the monthly index change. Within the group a noteworthy price increase was registered for food products (1.3 percent) and for beverages (1.0 percent). Besides, the prices increased for electricity, gas, steam and air conditioning by 0.3 percent, contributing 0.03 percentage points to the monthly index change.The annual PPI rate was mainly affected by price changes for the following products: Products from mining and quarrying: the prices were 23.3 percent higher, contributing 1.37 percentage points to the overall annual index change. Within the group the prices were higher for the subgroup of metal ores (28.0 percent); Manufactured products: the prices increased by 8.1 percent, contributing 6.52 percentage points to the overall annual index increase. There was a notable increase in the prices for the following subgroups: food products (10.7 percent) and basic metals (18.4 percent); Electricity, gas, steam and air conditioning: the annual price increase amounted to 6.5 percent, which contributed 0.72 percentage points to the annual index change; Water supply, sewerage, waste management and remediation services: the annual price increase amounted to 8.8 percent, which contributed 0.2 percentage points to the annual index growth.
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As of the document, compared to the previous year, the hourly gender pay gap decreased by 2.2 percentage points, while the monthly gender pay gap decreased by 2.1 percentage points. In 2023, the adjusted hourly gender wage gap in the industry was 12.3 percent, and in services – 13.2 percent.According to the occupation, the highest hourly gender pay gap was observed in Craft and related trades workers' positions (39.3%), while Plant and machine operators and assemblers (24.4%) held the second place.
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As of the document, the value of export increased by 4.1% reaching USD 4 786.7 million, while the import increased by 3.6% and amounted to USD 11 992.3 million.The trade deficit equaled USD 7 205.6 million and its share in trade turnover constituted 42.9%.
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Security Sector Reform is a long-term political process - EU Ambassado...
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Kulevi oil refinery project to be presented today afresh
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The Kulevi plant will process 1 million tons of crude oil
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NBG Keeps Its Monetary Policy Rate At 8%
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External Merchandise Trade Of Georgia 3.7% Higher In January-September...
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