Fishing industry problems in Georgia

Around 120, 000 tons of fish were processed annually in the country. Around 20% of the fish was used as food, while the rest was used for cattle breeding, as cattle nutrition. During some hasty or corrupt decisions, Georgia issued separate licenses to different private companies to carry out fishing in Georgian territorial waters of the Black Sea until to 2016. The country received 8 million GEL for these licenses.

The license does not provide an exact quota of how many fish can be caught. As a result, the fishing industry, as a segment of agriculture controlled by Georgia, is up to zero and as Rezonansi reports, the situation cannot be changed until the terms of the licenses expire.