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Tag Archives: Investors

List of Georgia’s TOP Investors

According to Geostat, national statistics service of Georgia, top 10 major investor companies are as follows: 1. Borjomi 2. Energo Pro Georgia 3. BP Group 4. TAV Urban Georgia 5. LLC Magticom 6. Old City Development 7. LLC Toyota Caucasus 8. JSC Meskheti 9. LLC System Insaat 10. Georgian Branch …

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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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Investors Want to Build Wind Power Plants in Zestaponi

Investors Want to Build Wind Power Plants in Zestaponi

Who will build wind power plant in Zestaponi, should be named on February 27. According to Energy Development Fund, three investors expressed desire to build the power plant. Their tender proposals are being discussed. A contract will be signed with the winner on March 6. Feasibility studies are already carried …

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Arab Investors Visiting Georgia

Arab Investors Visiting Georgia

Arab investors are visiting Georgia to receive information on Georgia’s investment environment. Keba Keinde, founder and chairman of Millennium Finance Corporation (MFC) is leading the group of investors. Minister of Finance Dimitri Kumsishvili updated Arab investors on current situation in various sectors of economy, including transport-logistics, tourism, bank-financing sectors. Arab …

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Taxation System should be Better to Attract More Investors

Temur Chkonia Wants to Take Lead from Sandora

Georgia should attract visitors with a good taxation system not with khinkali” – declared businessman, Temur Chkonia. According to Chkonia, taxation system in Georgia should be very liberal and stable. The businessman believes that Georgian economy and GEL exchange rate is too dependent on Turkish economy. Chkonia says that there …

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Kutaisi to Be a City of Textiles in 2017

Kutaisi to Be a City of Textiles in 2017

By 2017, Kutaisi will become a city of developed textile industry – the Secretary General of International Investors Association of Georgia Osman Chalishkan says. According to him, two new plants  will be built in the city in the near future,  by 2017 10 000 people will work at the textile …

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Bruno Balvanera: Investors’ Appetite is Increased on GEL

Bruno Balvanera: Investors’ Appetite is Increased on GEL

Bruno Balvanera, EBRD Regional Director has declared on rising trend of GEL through 8 weeks. However, he expects its maintenance. Bruno Balvanera noted with TV-company Maestro that local currency is strengthened by 2/5 through a month and half, which is important as it raises the trust. The result is clear …

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VimpelCom Warned Investors on Probable Change of Holder

VimpelCom Warned Investors on Probable Change of Holder

Telecommunication holding VimpelCom Ltd warned the investors on probable change of the main shareholders. According to Russian media, the commission informed The US Securities and Exchange Commission, that sale of ordinary shares of 1,57 billion is being discussed. It is 89,2% of the company’s ordinary shares. This share is owned …

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