News

Georgian National Investment Agency hosted the delegation of Israeli businessmen
The delegation invited by the Minister of Economic Development of Georgia Mr. Lasha Zhvania was headed by the ex-Vice-Mayor of Jerusalem Mr. Igal Amedi.

20th Annual Crans Montana Forum
On June 24-27, 2009 the Annual Crans Montana Forum took place in Brussels, Belgium with the focus on the international role of the European Union and its strategies toward the East, Africa and the Arab World.

The 1st National Congress of Georgian Hazelnut Growers held at Sheraton Metechi Palace
On June 24, 2009 the 1st National Congress of Georgian Hazelnut Growers was held at the Sheraton Metechi Palace Hotel under the initiative and support of AgriGeorgia LTD, which is a wholly owned subsidiary of the Italian giant confectionary producer Ferrero.

Paris Conference for Long-Term Value & Economic Stability
On the 22nd of June, 2009 the Minister of Economic Development of Georgia Mr. Lasha Zhvania and the Director of the National Investment Agency, Ms. Nino Baratashvili are attending the first annual Paris Conference for Long-Term Value & Economic Stability.

Georgian-Finnish Business Seminar
Georgian-Finnish Business Seminar organized by the Georgian National Investment Agency in cooperation with the Ministry of Foreign Affairs of Finland was held on 15-17 June, 2009. The seminar aimed to present the investment potential of Georgia to representatives of Finnish governmental and private sectors.

Sharing China’s Experience in Investment Promotion and Economic Development
The Investor Relations Coordinator of the Georgian National Investment Agency attends a Seminar on Trade and Investment in Beijing, China

The Re-Opening of the Silk Road: From Vision to Reality
The Minister of Economic Development of Georgia Mr. Lasha Zhvania is on his official visit to the Republic of Kazakhstan, attending the Ministerial Meeting “The Re-Opening of the Silk Road: From Vision to Reality”. Minister is accompanied by Mr. Mamuka Vatsadze, the Head of the Transport Department of the Ministry of Economic Development of Georgia and Mr. Beso Chantladze, the Investor Relations Coordinator from the Georgian National Investment Agency.

Estonian-Georgian Business Forum
On June 10th 2009 the second Estonian-Georgian Business Forum took place at TBC Bank Central office, Tbilisi, Georgia.

Pioneer Cement Industries will invest in Georgia USD 150 mln
During the next 2-3 years Indian company ,,Pioneer Cement Industries” will invest USD 150 mln in Georgian mining industry” – stated Ms. Nino Baratashvili, Director of the National Investment Agency of the Ministry of Economic Development of Georgia at today’s briefing.

The Minister of Economic Development of Georgia signs the declaration on the Trade Ministers Summit
On June 1, 2009, the Minister of Economic Development of Georgia Mr. Lasha Zhvania together with the guest Trade Ministers attending the “World Trade Bridge 2009” in Istanbul, signed the Istanbul Trade Summit Declaration.

The Minister of Economic Development of Georgia Mr. Lasha Zhvania visits Turkey
The Minister of Economic Development of Georgia Mr. Lasha Zhvania introduced the results of his visit to Bodrum, Turkey on May 23, 2009, where he took part in the first session of trilateral Coordinating Committee on Baku-Tbilisi-Karsi railway construction.

The Minister of Economic Development of Georgia Mr. Lasha Zhvania’s visit to Baku, Azerbaijan
During the visit, the Minister signed the Protocol of Amendments to the “Agreement on Air Communication between the Government of the Republic of Azerbaijan and the Government of the Republic of Georgia”, signed on February 3, 1993. The Protocol makes the existing agreement more liberal by abolishing the restrictions for capacity, frequency, tariffs, destination points etc.

The Minister of Economic Development of Georgia visits Estonia as the Estonian businessmen show growing interest in Georgia
On May 10-12, 2009, Minister of Economic Development of Georgia Mr. Lasha Zhvania paid a two-day official visit to the capital of Estonia. He was accompanied by Director of the Georgian National Investment Agency Nino Baratashvili. Mr. Zhvania had several high-profile meetings with the representatives of the Estonian Government including Prime Minister of Estonia Mr. Andrus Ansip, Minister of Economic Affairs and Communications of Estonia Mr. Juhan Parts and Undersecretary of External Economic Affairs and Development Cooperation Mrs. Marina Kaljurand.

The Deputy Director of Georgian National Investment Agency Ms. IA Janashia’s visit in Istanbul, Turkey
The Deputy Director of the Georgian National Investment Agency Ms. Ia Janashia attended the 7th annual joint Canadian-Turkish conference: “DIVERSIFYING OUT OF THE CRISIS” in Istanbul, Turkey. During the conference the main sectors of interests were Energy and Agriculture. Throughout the conference Ms. Janashia gave the presentation on Georgian Investment Climate Overview. She also conducted B2B meetings with Canadian and Turkish Companies regarding the investment opportunities in Georgia. Furthermore, Canadian side expressed their readiness to have close corporation with GNIA to explore investment potential in Georgia.

Iran Expo in Georgria
On May 4-7, 2009, the exhibition of Iranian products “Iran Expo” has been held in Georgia. The expo serves to develop relationships between Georgian and Iranian businessmen and to introduce Iranian production. The event was opened by the President of the Georgian Chamber of Commerce, Mr. Jemal Inaishvili.

Official visit of the Itochu Corporation representatives to Tbilisi
On April 21-23, 2009 the Georgian National Investment Agency hosted representatives of the Japanese Itochu Corporation.

Billion Dollar Investment into Georgian Economy
In 2009, the largest investment project will be carried out in Georgia. Egyptian company “Fresh “plans to invest 1 200 800 000 USD into the development of Georgian economy. Such scale of investment has not been yet carried out in Georgia.

Business forum of Georgia-Estonia was opened in Tbilisi
“Estonia is our political partner and it is very important to develop economic and trade relations with them. Our aim is to foster starting discussion on future perspectives between Georgian and Estonian businessmen” - mentioned the Minister of Economic Development Mr. Lasha Zhvania

Lasha Zhvania opened Swedish-Georgian Business forum
“Sweden has the great interest for carrying out investments specifically in the field of energy, telecomunications, rural economy, transport and construction and I have a hope that partnership between two countries will be developed in multilateral directions. It will be one more step for attracting investments in the country”-announced Lasha Zhvania.

European Investment Bank to Allocate 222m EUR to Georgia
The government of Georgia will receive 222m EUR from the European Investment Bank (EIB) to finance 5 various projects in 2009-2011, says the Finance Ministry of Georgia. 56ml EUR will be allocated to finance the construction of a 500-kw high-voltage transmission line.

EBRD to Invest 300m EUR in Georgian Economy in 2009
The European Bank for Reconstruction and Development (EBRD) plans to invest 300m EUR in the Georgian economy in 2009.

Investment of 100 million USA Dollars will extra enter Georgia
Presentation of new investment company has been arranged in Hotel “Courtyard Marriott” today, Minister of Economic Development of Georgia Ekaterina Sharashidze attended a/m presentation. Discourse concerns “CAPITAL PARTNERS OF GEORGIA”, which will realize the investment of 100 million USA Dollars into Georgia during next two years. Its founder is Mark Deniel, businessman, famous in World.

New investment of Arab company in Georgia
Inputting of foreign investments into Georgia and creating of new job sites lasts. In spite of World economic crisis, “RAK INVESTMENT AUTHORITY” intends extra investment of 65 million USA Dollars into the assets of Poti port. Arab company will continue the realizing of new investments in Georgia in future too. On 2nd December, 2008, the agreement, concerning the investment of 65 million USA Dollars in Poti, was concluded between the Government of Georgia and the company.

Georgian National Investment Agency- the Winner of the Best Information Resource of the Year
The official website of the Georgian National Investment Agency – www.investingeorgia.org won a nomination for the best online information resource in the governmental sector and was awarded with a certificate and the symbolic prize.

Economic Ministry to Launch Issuing Euro 1 Certificates on November 1
A special office will launch operation at the Economic Development Ministry to issue special certificates (Euro 1) as part of the enacting of simplified trade regime with Turkey.

Workshop for Georgian Businesses on OPIC & IFC Financing Opportunities
Today in Courtyard Marriot the working meeting was held among the representatives of nearly all large companies and Overseas Private Investment Corporation (OPIC) and International Finance Corporation (IFC).

Special wine will be prepared for the investors
Minister of Economic Development of Georgia Ekaterina Sharashidze and the representatives of Georgian National Investment Agency visited village Giorgitsminda, Sagarejo.

Visit of the delegation of EU in Tbilisi
Today, EU delegation arrived in Tbilisi through the working visit. Peter Balashi, Deputy of Director General for trade matters, heads the delegation. During the staying in Tbilisi, the members of the delegation will completely learn the situation, existed in Georgia, towards foreign trade. The visit is very important. During this visit, particular matters will be discussed in order to conclude free trade agreement between EU and Georgia.

Georgia ranks 15th in the new “Doing Business 2009” report
Georgia ranks 15th out of 181 countries of the world according to the ease of doing business in the “Doing Business 2009” report released by the World Bank. It moved 15 places up from the previously held 18th. Back in 2007 Georgia was only 35th in the similar report.

Foreign Direct Investments in the first half of 2008
The amount of foreign direct investment in Georgia in the first half of 2008 made 955.4 million USD, which is 16.1% more than in the first half of 2007. The largest investments in the Georgian economy in the first half of 2008 came from the United Arab Emirates (202.8 million USD).