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PFI Future Plans to Invest 185 Million EUR in Ajara

Jaba Putkaradze, Minister of Finances and Economics of Ajara met with PFI Future Executive Director of major Polish company Marek Nooras and company representatives. The meeting focused on the investment potential of Adjara region and future perspectives. The Minister informed investors about investment projects in Adjara. The sides talked about …

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OPIC Intends to Boost Investments in Georgia

OPIC

At the meeting held between H.E. Mamuka Bakhtadze, Prime Minister of Georgia and Mr. Kenneth Angell, Managing Director of New Investment Projects of OPIC noted that Overseas Private Investment Corporation (OPIC) intends to boost its investments in Georgia. OPIC is interested in the projects of a deep-see port of Anaklia …

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Mutso Restoration-Rehabilitation Process Comes to End

Mutso restoration-rehabilitation project will be finished in 2018, BM.Ge was told at National Agency for Culture Heritage Protection. Upper Section of the village will be fully rehabilitated and infrastructure will be arranged in 2018. Initiated by National Agency for Culture Heritage, the project is being implemented since 2014 with the …

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Natia Turnava: Inflow of Long-Term Investments Grow

Volume of long-term investments are rising in the country over the past period, Natia Turnava, deputy executive director of Partnership Fund, noted. Activation of private players signifies that we have healthy and valuable business environment, Natia Turnava said. “Major infrastructure projects, airports or seaports projects cannot be implemented without long-term …

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4-Star Hotel Golden Tulip to Open in Autumn in Tbilisi

4-star hotel Golden Tulip will be opened in Autumn in Tbilisi. Tornike Janashvili, Director of Investment Company ”Block Invest” stated about this at BPN. This will be the first hotel of the Golden Tulip brand in the capital, covering 11 floors and 78 rooms. According to him, the hotel will offer …

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Swiss Cammille Bloch Plans to Nut Plantations in Guria

Chocolate manufacturer Swiss company Camille Bloch is interested in investing in Georgia. The company plans to produce hazelnut in Guria and seeks land for plantations. The company also intends to introduce new technologies. Experts of Camille Bloch discussed details with Guria Governor Merab Chanukvadze and Lanchkhuti Municipality Mayor Aleksandre Sarishvili …

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Azerbaijan Invested $51m in Georgia’s Economy in Q1 of 2018

Azerbaijan invested $51 million in Georgia`s economy in the first quarter of this year, becoming its second largest investor, according to the Georgian media. With $82.7 million investment, the UK is Georgia`s largest investor, while China is third with $41.6 million. The total volume of the investment made in Georgia`s …

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Downturn in FDI – A Warning to Investors?

According to preliminary indicators by Geostat, the national statistics service of Georgia, foreign direct investments (FDI) in the first quarter of 2018 were 279.3 million USD, down 32.9% compared to preliminary indicators from the first quarter of 2017. According to Geostat, the downturn emerged after several enterprises changed ownership to …

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Swiss Investments in Georgia Rise 7.5 Times

According to preliminary indicators, foreign direct investments in Georgia from Switzerland made up 22.3 million USD in 2017. According to Geostat, the figure has increased 7.5 times compared to 2016, when 2.9 million USD FDI was invested from Switzerland. As to top investment fields, in 2017 Swiss FDI inflows to …

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Enterprise Georgia State Program Invests 786 million GEL in Projects

Enterprise Georgia state program has co-financed 323 projects s of December 31, 2017. Total amount of investments made by Enterprise Georgia exceeds 786 million GEL. More than 13 000 citizens of Georgia were employed as part of the mentioned projects. According to Enterprise Georgia indicators, projects were implemented in the …

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