Bank of Georgia and TelAgri Sign Memorandum to Boost Data-Driven Agribusiness Development
The Bank of Georgia continues to support the agricultural sector by creating new opportunities for businesses. As part of this effort, a Memorandum of Understanding (MoU) has been signed between the Bank of Georgia and the agro-technological platform TelAgri.
TelAgri facilitates knowledge and experience sharing between farmers and industry specialists. The goal of the collaboration is to promote agricultural sector development through industrial research, joint services, and product innovation.
Under the MoU, the parties will collaborate in the following areas:
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Industrial research and analysis: Including annual and quarterly summaries, forecasting, market and value chain analysis, international market and consumption trends, and agronomic and agrotechnical studies.
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Perennial crop portfolio development: Raising consumer awareness, offering tailored services and products to entrepreneurs, joint forecasting and analysis, developing vegetation and agrotechnical phase manuals, and introducing international best practices.
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Public engagement: Organizing joint industrial activities such as field visits, meetings, and training sessions.
“Supporting the agribusiness sector has been a priority for the Bank of Georgia for many years. We are pleased to begin our partnership with TelAgri. We believe this cooperation will contribute significantly to sector development and risk reduction. Moreover, it will help strengthen a culture of data-based decision-making, ultimately creating long-term value for farmers,” said Vakhtang Silagadze, Agribusiness Development Manager at the Bank of Georgia.
“At TelAgri, we believe that a data-driven approach makes agribusiness more efficient and profitable—for both farmers and financial institutions. That’s why we created a platform that transforms on-farm data into actionable digital insights. Our technology enables farmers to monitor real-time conditions on their farms and allows banks to make informed, data-based decisions,” said Irakli Chikava, Co-Founder and CEO of TelAgri.
He added, “This collaboration will enhance agricultural standards while addressing regional and crop-specific needs. Ultimately, it will help both farmers and financial institutions manage expectations more effectively and increase profitability across the agribusiness sector.”
