to President of the Georgian Farmers
Association Nino Zambakhidze, the ban on the sale of farmland to foreigners hinders investment in the agriculture and caused a decline
in investment volumes in 2018.
a 3-fold increase in investment in 2018 compared with 2017, it still remains
extremely low and amounts to only $ 16
million. Nino Zambakhidze believes that this demonstrates the lack of interest
in agriculture from foreign investors.
drop in investments by 34, 9% is very bad for the country. The ban on the sale of land to foreigners is a big
problem for the country as it interferes
with the development of the agrarian
sector,” she says.
sale of agricultural land in Georgia is prohibited by the country's
constitution, moreover, the moratorium has been in effect since 2013, while the
constitutional norm was adopted in 2018.
to the National Statistical Office, in 2018 investment inflows in the country's economy dropped by 34%
compared with 2017 and amounted to $ 1.3 billion.