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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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Fatema Z. Sumar, Regional Deputy Vice President of Millennium Challenge Corporation Celebrates SDSU Convocation in Georgia

Fatema Z. Sumar, Regional Deputy Vice President for Europe, Asia, Pacific and Latin America in the Millennium Challenge Corporation’s Department of Compact Operations is visiting Georgia to participate in San Diego State University’s second Convocation ceremony. The Millennium Challenge Corporation (MCC) has a singular mandate to improve lives around the …

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Georgian Almond Growers Association Is Established

The demand for almonds is increasing all over the world every year. This lead Foreign investors to look for new locations to set up almond orchards. Georgia has an extraordinary opportunity to become a hot point for the almond production: the climate and the soil of the eastern Georgia makes …

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More Than 14 Million USD was Invested in the Resort Biol

The Prime Minister Giorgi Kvirikashvili visited the medical-recreational resort “Biol” together with Tarzisius Caviezel-the Mayor of Davos and opened a new conference hall. The Prime Minister talked about perspective development of the resort and thanked its founder Tamaz Mchedlidze for the development of alternative medicine base. “Tamaz Mchedlidze is a …

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Available Lands via Web-Platform for Agriculture investors

Web-platform will offer agriculture investors to search available lands from September. Agropark project get funded by Startup Georgia, worth of 38 000 GEL. According to project authors, agricultural land plots will be placed on website and offered to investors. Platform is for high segment who are willing to invest but …

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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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