The European Union is to allocate funds to dozens of entrepreneurial projects over the next four years in Georgia’s Keda and Khulo regions. Local entrepreneurs will be able to receive grants through co-financing.
The Rural Development and Diversification Assistance Project will be implemented in Khulo for 48 months. EUR 2 mln will be spent in financing these projects, half of which will be issued as a grant for business development. Interested candidates in Khulo have already submitted their applications, and the commission has accepted 187 applicants out of 400 to the next stage. Winners will be announced in January next year.