The first decree on granting status to the agricultural cooperatives was issued on March 7, 2014 and since then as of October 21 of this year, 1028 cooperatives had been registered throughout Georgia.
As Agricultural Cooperative Development Agency has declared to BM.GE, they make monitoring of agricultural cooperatives, which envisages determining compliance of cooperatives’ activities with the requirements of the Law of Georgia “on Agricultural Cooperatives”.
In accordance with the deficiencies revealed as a result of planned and unplanned monitoring, recommendations and deadline for improving the gaps are given to the cooperatives. The status of agricultural cooperatives has been terminated to 1155 cooperatives from October 21, 2014 due to the hopeless deficiencies.
"It should be noted that in the case of termination status of an agricultural cooperative, the cooperative will continue to operate, but it will no longer have an access to the agricultural cooperative assistance programs and tax benefits, which are still available for those cooperatives, having a status.
An agricultural cooperative, which status has been terminated but meets the requirements of the Law of Georgia on Agricultural Cooperative has the right to apply again to the Agency for Development of Agricultural Cooperatives to obtain cooperative status”, the agency explains.
See all the news
Turkey to open doors to 31 countries for health tourism
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
How will Nenskra HPP Reduce the Electricity Import?
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
OECD cuts 2020 global growth forecast over virus
Georgia to export new armored vehicle Didgori Meomari
"Hotels are in shock, reservations are canceled" - Shalva Alaverdashvili
Georgian brand Entrée enters the UK market and opens its first facility in London
Frontera claims that Georgian government has started harassing the company since 2013
Company HotelFriend offers convenient eComerce platform to Georgian Touroperators
Will the head of "Anaklia Deepwater Port Development Agency" be replaced?
TOP-10 Exporter Companies from Georgia to Russia
TBC Bank Group announces certain changes to the composition of the Management Board
Silknet signed Memorandum of Understanding with Global Communications Company One Web
Prosecutor’s Office allows Avtandil Tsereteli to leave the country
Mamuka Khazaradze: We want to avoid arbitration, but the Consortium is ready for that
Reuters: Dutch city tells floating Georgian monastery to cast off
TBC Bank Group Shares up by 6.3% WoW on the LSE