Analysis of Agricultural Financial Provision and Investment Challenges at The Modern Stage
DOI:
https://doi.org/10.2478/rsep-2025-0015Keywords:
Agro-food, export, import, financing, balanceAbstract
Sustainable development is an important component of the modern economy, which implies inclusive economic development. In itself, it is impossible to develop all sectors of the economy equally, since the production of goods and services may be limited by natural, climatic, and geographical conditions. Financing the production of agricultural products and increasing competitiveness remain significant challenges for the Georgian economy and population. In the modern world, any state is trying to create an independent, positive trade balance of agricultural products. After the collapse of the Soviet Union, the development of the potential of Georgian agro-industrialists was particularly hindered by the political and economic-social factors existing in the country, as well as the increase in urbanization flows from rural to urban areas. Therefore, over the past 15-20 years, the state has been constantly trying to develop various strategies or plans that would increase the production of agricultural products and partially satisfy the local market. The introduction and subsidization of modern technologies remains a significant challenge for the development of agriculture for the whole world. Unfortunately, due to the relief situation of Georgia, it is not possible to fully introduce innovative technologies, and subsidies are only provided to a few agricultural products that have export potential. An essential factor for the development of agriculture is the improvement of the economic and social situation of the rural population. The challenge of the urbanization of Georgia remains the trend of increasing the population of urban residents, and it should be noted that such a trend is characteristic of tourism-oriented states. Moreover, one of the directions of the declared policy of the Georgian government is the development of rural tourism (agritourism). It should also be noted that at the modern stage, the production of healthy products is becoming increasingly active. Georgia has relatively greater potential in this regard. At the modern stage, Georgia is a producer of more natural products.
References
Abesadze, N., & Abesadze, O. (2013). Trends in agricultural development in Georgia. II International Scientific-Practical Conference (pp. 7-10). Tbilisi: Ivane Javakhishvili Tbilisi State University.
Abesadze, R. (2013). Ministry of Rural Economy, Problems of State Regulation in Georgia. Tbilisi (pp. 11- 18). Tbilisi: Ivane Javakhishvili Tbilisi State University.
Abuselidze, G., Chkhaidze, I., & Makharadze, N. (2021). Empirical analysis of agricultural development financing and the ways. Proceedings of the 2021 International Conference “ECONOMIC SCIENCE FOR RURAL DEVELOPMENT” (pp. 261-271). Jelgava: Jelgava.
Adjara, M. o. (2021, March 26). Unified portal of the Government of the Autonomous Republic of Adjara. Retrieved from Strategies for 2021-2027: http://adjara.gov.ge/branches/description.aspx?gtid=1022286&gid=4
Agriculture, M. o. (2022). Agriculture in numbers. Tbilisi: Ministry of Environmental Protection and Agriculture.
Agriculture, M. o. (2024, November 27). Export-import of Georgian agri-food products. Retrieved from mepa.gov.ge: https://mepa.gov.ge/Ge/Files/ViewFile/54053
Agriculture, T. M. (2024, 02 23). State Project. Retrieved from Ministry of environmental protection and agriculture of Georgia: https://mepa.gov.ge/En/StateProjects/
Alfaidze, M. (2013). State policy to support the national economy. (pp. 15-19). Tbilisi: Ivane Javakhishvili State University.
Beridze, L., Tsinaridze, R., Smutchak, Z. J., & Turmanidze, G. (2023, 02 23). Russia-Ukraine conflict and georgia’s export potential vectors. Business and Legislation, N2, 2023, pp. 40-47.
Georgia, M. O. (2024, 02 23). Newspaper ,,OUR VILLAGE". Retrieved from Ministry of environmental protection and agriculture of Georgia: https://mepa.gov.ge/En/News/Paper/21567/
Georgia, M. o. (2024, 2 23). State budget, appropriations. Retrieved from Ministry of Finance of Georgia: https://www.mof.ge/sakartvelos_2017_wlis_saxelmwifo_biujeti
Georgia, M. O. (2024, 02 23). Strategic documents. Retrieved from Ministry of Environmental Protection and Agriculture of Georgia: https://mepa.gov.ge/Ge/Strategy
Georgia, N. B. (2024, 02 24). External Trade. Retrieved from National Bank of Georgia: https://analytics.nbg.gov.ge/views/External_Trade_EN/Table?iframeSizedToWindow=true&%3Aembed=y&%3AshowAppBanner=false&%3Adisplay_count=no&%3AshowVizHome=no
Georgia, N. S. (2024, 02 23). Agriculture's share. Retrieved from National Statistical Service of Georgia: https://www.geostat.ge/ka/modules/categories/196/soflis-meurneoba
Georgia, N. S. (2024, OCTOBER 27). Employment and unemployment. Retrieved from GEOSTAT.GE: https://www.geostat.ge/ka/modules/categories/683/dasakmeba-umushevroba
Georgia, N. S. (2024, November 27). Labor force indicators by city and village. Retrieved from Geostat.ge: https://www.geostat.ge/ka/modules/categories/683/dasakmeba-umushevroba
Lobzhanidze, N. (2024, 23 02). Ivane Javakhishvili Tbilisi State University. Retrieved from Dissertation "Competition in the Georgian Mineral Water Market and Product Competitiveness Assessment": https://www.tsu.ge/assets/media/files/48/disertaciebi5/Nino_Lobzhanidze.pdf
Parliament, G. (2014, 12 11). On the labeling of genetically modified organisms intended for food/animal feed and genetically modified products derived therefrom. Kutaisi, Imereti, Georgia.
Protection, T. M. (2022). 2022 Implementation Report of the 2021-2027 Strategy for Agriculture and Rural Development of Georgia. Tbilisi: The Ministry of Agriculture.
Zubiashvili, T. (2013). Influence of urbanization on demographic development of georgia’s rural., (pp. 184-187). Tbilisi.
Downloads
Published
Issue
Section
License
Copyright and Open Access Policy
The Review of Socio-Economic Perspectives (RSEP) is committed to the principles of open access and the widest possible dissemination of scholarly knowledge. The journal provides immediate and unrestricted access to all published content, enabling readers worldwide to freely read, download, copy, distribute, print, search, and link to the full texts of articles without financial, legal, or technical barriers.
RSEP supports the principles of the Budapest Open Access Initiative (BOAI), which advocates free and unrestricted access to peer-reviewed scholarly research.
Copyright Ownership
Authors retain the copyright of their published works.
By submitting and publishing their manuscripts in RSEP, authors grant the journal a non-exclusive right to publish, reproduce, distribute, archive, index, and preserve the work in electronic and other formats for scholarly communication purposes.
The journal does not require authors to transfer copyright ownership to the publisher. Authors remain the legal copyright holders of their work after publication.
Licensing Policy
Beginning with Volume 2025, all articles published in RSEP are distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).
Under the CC BY-NC 4.0 license, users are permitted to:
- Read, download, copy, and redistribute the material in any medium or format;
- Share the work with others;
- Adapt, remix, transform, and build upon the material;
provided that:
- Appropriate credit is given to the original author(s) and the journal;
- A link to the license is provided;
- Any changes made to the original work are clearly indicated;
- The material is not used for commercial purposes.
The full license terms are available at:
https://creativecommons.org/licenses/by-nc/4.0/
Previous Licensing Policy
Articles published before Volume 2025 were distributed under the Creative Commons Attribution 4.0 International License (CC BY 4.0).
The CC BY 4.0 license permits unrestricted use, distribution, adaptation, and reproduction in any medium, including commercial use, provided that appropriate credit is given to the original author(s) and source.
Articles published under CC BY 4.0 remain subject to the licensing terms that were in effect at the time of publication and are not retroactively relicensed.
Rights Retained by Authors
Authors retain the right to:
- Share their published articles on personal websites, institutional repositories, and academic networking platforms;
- Reuse parts or all of their work in future publications, books, teaching materials, and presentations;
- Deposit the published version of the article in repositories without embargo;
- Disseminate and promote their research freely.
Rights Granted to the Publisher
Authors grant RSEP the right to:
- Publish and disseminate the work as the original publisher;
- Archive and preserve the article permanently;
- Include the article in indexing, abstracting, and database services;
- Maintain the official version of record;
- Promote and distribute the published work through journal platforms and scholarly communication channels.
Open Access Statement
RSEP is a fully open-access journal. All articles are made freely available online immediately upon publication without subscription fees or access restrictions.
No embargo period is applied. Readers may access and use published content in accordance with the applicable Creative Commons license.
The journal believes that open access increases the global visibility, accessibility, usage, and impact of scholarly research while promoting the free exchange of scientific knowledge.
License Consistency
To ensure transparency and compliance with international indexing standards, the licensing information displayed on the journal website, article metadata, PDF files, and publishing platforms will remain consistent and accurately reflect the licensing terms applicable to each published volume.
