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1.5 billion USD Investment in Petrochemical Conglomerate of Supsa

New Energy Hub Attracting Global Investors Construction of an oil-petrochemical complex worth 1.5 billion USD will begin in Supsa, Georgia, in 2018. This global project will be undertaken by the GEOPARS Company. The Government of Georgia has already allocated 200 hectares of the land to the company under the 1,5 …

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Frank Group is Interested in Investment in Georgia

Large international investment group Frank Group discusses the possibility of investing in Georgia – the executive director of the company Elle Frank and Prime Minister of Georgia, Giorgi Kvirikashvili talked about the specific areas and investment opportunities at today’s meeting. The Head of the Government of Georgia introduced the representatives …

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Kazakh Companies to Involve in Infrastructure Projects of Georgia

The Prime Minister of Georgia Giorgi Kvirikashvili and the Minister of Investment and Development of the Republic of Kazakhstan, Jenise Kassembek, discussed the economic and trading cooperation between Georgia and Kazakhstan, the ongoing infrastructural projects in the country and the economic situation in the region. The sides positively evaluated dynamics …

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Chinese Company Buys 75% Stake in Poti Industrial Zone

Members of a Georgian delegation have talked about Georgia’s investment climate as part of Georgia-China business forum in Siemen, China. Georgian delegation was led by Minister of Economy Giorgi Gakharia. Deputy Economy Ministers Nino Javakhadze and Giorgi Cherkezishvili delivered a speech at the business forum. Similar forums foster enhancement of …

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100 Milion GEL to Be Invested in the Development of Resort Tetnuldi

According to Giorgi Kvirikashvili, Prime Minister of Georgia, 100 million lari will be invested in the development of resort Tetnuldi. He stated about it at the presentation of mayoral candidates in Samegrelo-Zemo Svaneti region. ”We are doing everything to develop enterprise here. About 500 projects have been financed in micro …

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Investment Projects List to be Implemented in Ajara in 2018-2021

Ministry of Finance and Economy of Ajara will implement new programs in order to strengthen investment process in Ajara. Promotion of attracting investments in the region will be financed by 2 165 600 GEL in 2018-2021. Ministry of Finance and Economy of Ajara informs: Investment current projects  in New Boulevard …

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5 Star Hotel Cortyard Mariott to Be Built in Kutaisi

Representative of Courtyard Marriott and Temur Chkonia signed a Memorandum of Cooperation in Kutaisi City Hall. According to the agreement, Temur Chkonia will build a 5 star, more than 100-rooms hotel, and management will be handed over to “Courtyard Marriott”. The hotel will be located on renewed David Aghmashenebeli Avenue, …

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Dimitri Kumsishvili Met Representatives of Large British Investment Fund

First Deputy Prime Minister, Minister of Finance Dimitri Kumsishvili had meeting with representatives of the British Investment Fund CapEthica Investment Fund (CIF). First Deputy Prime Minister Dimitri Kumsishvili reviewed the economic situation of Georgia at the meeting and discussed about the ongoing and planned economic reforms and decisions of the …

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