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Economy of Georgia is Open for Investments: OPIC President Ray Washburne

“Economy of Georgia is open for investments” noted Ray Washburne, President of the Overseas Private Investment Corporation (OPIC) at a meeting with Mamuka Bakhtadze, Prime Minister of Georgia during his Working Visit to USA. Head of the Government of Georgia and President of OPIC discussed the pipeline of projects intended …

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Georgian Capital Plans to Invest 140 million in Private Schools

Georgian capital is building a private school near Tbilisi. For this purpose, the group purchased land in June and invested 6 million GEL in the place. Georgian capital plans to invest 140 million GEL in education till 2025 and is awaiting 30,000 pupils in its schools at this time. “We …

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Turkish Investments Halved in Ajara

Turkey has invested 135 million dollars in 2016 in the region of Adjara; Last year, this figure fell to 52.5 million dollars. Eka Bakhtadze, Head of Economic Development Department of Ministry of Finances and Economics  said that Turkish and in general, the reduction of investments is related to HPPs construction …

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Foreign Direct Investments in Georgia in 2017

Foreign direct investments (FDI) in Georgia amounted to USD 1888.8 million in 2017 (adjusted data) up 20.6 percent from the same data of 2016 and up 1.4 percent from the preliminary data of 2017. Geostat adjusted the volume of FDI in Georgia for 2013-2016 as well. Consequently, the chart below …

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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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