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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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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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