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Tag Archives: Enterprise Georgia

Georgia to Develop E-Commerce Strategy

The Ministry of Economy and Sustainable Development of Georgia has started to work on developing e-commerce strategy with the support of the EU and German International Cooperation Society (GIZ) “Small and Medium Business Development and DCFTA in Georgia”. The strategy aims to identify products with high potential in this direction …

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Foreign Investors Launch Implementing Investment Project in Kutaisi

Georgia becomes a very interesting country for foreign investors in terms of real estate sector investment potential. With the support of Enterprise in Georgia – Investment agency, Indian investors are implementing a 1.5mln GEL investment project in Kutaisi to build a commercial-residential mixed complex. With the support of representatives of …

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Commercial Banks Issue 60.5mln GEL as part of Produce in Georgia Program

In January-June 2017 Entrepreneurship Development Agency signed agreements with 47 beneficiary companies on co-financing credit and leasing interest rates as part of Produce in Georgia program, including agreements were signed with 11 beneficiary companies on hotel industry promotion. According to the January-June budget fulfillment document, commercial banks issued 60.5 million …

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Plastics Production Project Remains in Draft Form

Plastic production project of Georgian designer Zviad Tsikolia hasn’t launched. There is no progress even though, Government promised Zviad to support within framework of ”Enterprise Georgia”. ”Project remained in draft form. None of the support or advancement has been besides their speech on TV and writing project. They say I …

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New Enterprise Opens under Produce in Georgia Program

A total of 244 new enterprises have opened as part of Produce in Georgia state program, including LLC Ecoresource Nattech. The company was founded in April 2016.  The company imports and distributes food colorants and functional supplements, however, the company plans to develop domestic production to replace imports and lower …

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