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Re-investments Marked 32% in 2016 Total Investments

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Foreign investments marked 1645 million USD in 2016, up 81 million USD compared to 2015 and down 113 million USD compared to 2014. According to preliminary indicators, foreign direct investments volume in Georgia made up 1645 million USD in 2016, up 22% compared to preliminary indicators of 2015 and up …

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Investments Inflow to Ajara Grew by 17%

Investment inflows to Ajara Region rose by 17% year on year. Private investments of 427.9 million USD was made in Ajara in 2016, including 301.7 million USD foreign direct investments and 126.2 million USD domestic private investments. Power sector ranks first with 45.5% ratio, tourism sector is second with 31.6%, …

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Georgia’s Top Ten Investor Companies

According to Geostat, the major investor in the list are IDS Borjomi Georgia, Magticom, Energo Pro Georgia, TAV Georgia and Metro Avrasya Georgia (Metro). The latter company is specialized in leasing commercial spaces, development companies and transport stations. The list of top ten investor companies also includes: Georgian branch of …

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Mestia Governor: Svaneti Residents Object to American Investor’s Activities

In his interview with BusinessContract, Mestia District Governor Kapiton Zhorzholiani explains the reasons why Svaneti population objects to an American investor. Namely, local population accuses Optical System, official owner of gold extraction license, of use of toxic chemicals in working process. According to the company representatives, local residents have expelled …

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Chinese Investors to Put 0.5 million USD in Aerodrome Rehabilitation

 Chinese investors plan to put about 0.5 million USD in rehabilitation of an aerodrome in village of Meria, Guria Region, Guria Governor Gia Salukvadze told Business Contract. Military aerodrome used to function in Soviet period on the mentioned period. Guria Region is located near Poti Seaport. Therefore, it is possible …

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2016 Business Award Ceremony Held In Tbilisi

On 17th November 2016 in Tbilisi, TBC Bank, Georgia’s largest bank, and Geocell, a telecommunication company, held a business award ceremony to present awards to seven Georgian business winners. In efforts to promote the development of Georgia’s business sector, on June 21, TBC Bank and Geocell urged small Georgian businesses …

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Dutch Insurance Company Invests GEL 7 Million in Georgia

On November 8, 2016, the “International Insurance Consortium”, a Dutch insurance company, signed an agreement to invest GEL 7 million into the Georgian “IC Group Insurance Company”.   The investment agreement was signed by the General Director of “IC Group”, Tengiz Mezurnishvili and the Founder and Director of “International Insurance Consortium” (Netherlands), …

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