Georgia fishing for revived aquaculture sector

Though Georgia is a country with potential for a strong fishing industry, the sector currently faces investment and taxation problems.

Since regaining independence some 20 years ago, no solid strategy for developing fisheries has been created. During the Soviet period, Georgia caught more than 100 tonnes of fish annually, both from its Black Sea territory and its rivers.

Rezonansi reports that there are no statistics available for the fishing industry today. Analysts suggest that the development of the sector is hindered by high taxes and start-up expenses.

The Ministry of Agriculture has expressed interest in reviving the sector, but there has been a lack of investment.