TBILISI, JUNE 12 2017 (The Bulletin) — Georgia’s first home-grown and home-processed olive oil is now being sold across the country, the culmination of a Turkish-inspired ambition.
In an interview with The Bulletin, George Svanidze, Georgia Olive CEO, said that he had always wanted to return from Turkey, where he lived, to develop a business in Georgia.
“We, the diaspora, wanted to bring something good, new investments to Georgia,” he said. “Our Turkish partners have three generation experience in olive oil production, so we decided to bring back this culture to our country.”
And it is this entrepreneurship, this ability to assimilate knowledge abroad and bring it home that makes the Georgian economy resilient and open, analysts have said. It has recovered quicker than its neighbours from a sharp economic downturn over the past three years.
Mr Svanidze said that he and his partners planted their first olive trees in Georgia in 2010. Since then, with the help of a government sponsored scheme called Produce in Georgia, the olive grove has grown to around 350 hectares – roughly the size of 350 rugby pitches. They have now set up a processing plant near the village of Sakobo in Kakheti.