AGRI REVIEW - March 2022 - THE SECTOR AT A GLANCE

Whereas, the budget for the National Wine Agency (NWA) and the Scientific-Research Center of Agriculture (SRCA) will decline by 44.5% and 8.1%, respectively. [...] Although the redistribution of funds has changed slightly, as in previous years, the greatest share of MEPA’s funds will support the RDA (51.5%), GA (18.1%), and the NWA (16.7%). [...] The State Budget for 2022 identifies the following core priorities for Georgian agricultural development: • Supporting domestic production and improving the quality of locally produced agricultural goods; • Improving access to financial resources for farmers and agricultural enterprises; • Supporting land market development via the privatization of state lands and systematic land registration. [...] As transmitting into local prices, which increased most Russia is the main wheat supplier for Georgia, the notably within the following categories: country’s trade-restrictive measures have influenced Vegetables – In this category, the largest price rises swelling prices in the bread and cereal category. [...] The volume of co-financing for a warehouse facility with a capacity of 500 tons will be in percentage terms – up to 80% of the total, and up to 450,000 GEL in absolute terms.