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Old May 4th, 2010, 07:39 PM   #41
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USD 3 billion for water supply
By Messenger Staff
Tuesday, May 4
The Georgian authorities declare that around USD 3 billion will be spent on completely restoring the drinking water supply and sewage system for the entire country. Today more than 70% of the inhabited areas of the country are facing an acute shortage of drinking water and sewage disposal problems.

Director of the Georgia’s United Water Supply Company Irakli Kvashilava has stated that the country will receive money from different sources. Negotiations are being held with the European Investment Bank, Asian Development Bank and EBRD. Kvashilava says that the water and sewage system in Georgia is in the same condition as the energy system was in 2003-2004, when there was no proper electricity system in the country. After consistent and properly organised work the situation improved and now the entire country has an electricity supply, and the Government has now taken on a commitment to bring the drinking water and sewage system up to the same level.

Some analysts are concerned however that improving the water supply and sewage system will eventually lead to an increase in tariffs, which will not of course be much appreciated by the population. But if you want comfort you have to pay for it.
http://www.messenger.com.ge/issues/2..._econ_one.html
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Old May 4th, 2010, 07:43 PM   #42
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Georgia is booming again, says Gilauri
By Salome Modebadze
Tuesday, May 4
Prime Minister of Georgia Nika Gilauri discussed the situation in the Georgian business sector at the Radisson Blu Iveria Hotel on May 3. The Prime Minister introduced the businessmen to the economic data for the first quarter of 2010.

“The presentation outlined the results of the first quarter, which state that Georgia has regained the indicators it had in the same quarter of 2008 – known as the quarter of economic boom. The results are absolutely positive in all directions,” the Prime Minister said, stressing that GDP had increased 4% compared with the same period in 2009. “The Georgian economy has overcome the crisis and started to grow. Growth this year will be about 5%, after a 3.9% contraction in 2009 due to declines in trade, services and the hospitality industry, so I hope the succeeding quarters will be even more successful,” he added. According to the information released tax revenue also increased 12.1% compared to the first quarter of last year, meaning it was only 4.1% less then in the same period of 2008.

The presentation outlined the development of various economic sectors, including tax and customs revenues, bank credits and deposits and the real estate sector. “There are many positive expectations for Georgia’s economy this year, with solid investments in prospect, especially from the Middle East. This process follows the slowing of foreign investment to a trickle after the war with Russia in August 2008 and the global economic slump,” Tamar Kovziridze, Deputy Minister of Economic Development, told the media.

Later Gilauri talked about the new Major Counselor’s Office. “This will be a new establishment in the Prime Minister’s Office which will study the private sector, defend the rights of property owners and inform the Government of their problems. I’m sure lots of private companies already have problems with different [State] departments and I want to be informed of these,” Gilauri said. He did not name any candidate for this post, but said the name would become known in the near future.

The Government of Georgia has prolonged the deadline for fulfilling investment obligations due to the difficult economic conditions, which means that any company can ask the Ministry of Economic Development for an extenson of the the defined deadline or a simplification of the terms of their investment until June 1, based on changes in the law on Privatisation of State Property and Local Self-Governing Units and Transmission of Usage Rights made by Parliament a fortnight ago. The regulations governing Presidential privatisation conditions are different, as here the Ministry of Economic Development must send the appeal to the Government. The Government then gives its opinion of the application to the President, who gives the final verdict on it.

Meanwhile the National Bank of Georgia has announced that the assets of commercial banks increased GEL 54.5 million in March compared to the previous month and now stand at GEL 8,473 million. The fixed assets of the bank sector are GEL 1,549.5 million – or 18.3% of the whole assets of the commercial banks - while the share of foreign capital in shareholders equity is 78.4%. According to the National Bank the overall profit of the Georgian banking sector in March was GEL 17 million.
http://www.messenger.com.ge/issues/2...98_salome.html
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Old May 5th, 2010, 02:26 PM   #43
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Will Another Natural Gas Pipeline Cross Georgia?
Monday, May 03, 2010
The White Stream consortium has proposed to construct a new gas pipeline from the Caspian Sea to the seaport of Supsa, in the Guria region. The plan was announced by Roberto Pirani, chairman of the British White Stream Pipeline company. At this stage, the gas pipeline is being projected for the section of Sangachal-Supsa. The gas pipeline will be put along with the Baku-Tbilisi-Erzurum gas pipeline, he said. Under the project, the remaining part of the gas pipeline will cross the Black Sea bed and deliver Azerbaijani natural gas to Romania. At the first stage, the gas pipeline transportation capacity will make up only 8 billion cubic meters a year. The gas pipeline workload will stage by stage increase to 32 billion cubic meters a year. This large-scale project is an estimated 5 billion USD. The gas pipeline construction works are expected to start in 2012 and end in 2015.
http://www.gbw.ge/index.aspx
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Old May 7th, 2010, 01:22 PM   #44
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U.S. ambassador viewed U.S. funded projects in Southern regions
07.05.10
The ambassador of the United States of Georgia, John Bass has visited the Southern Region of Georgia and viewed the Kakhareti mini hydroelectric station, which was restored within the USAID programs in Georgia. The mini HES generates electricity, which supplies over 3,000 families in the region.
The U.S. diplomat also viewed a milk collection factory in the village of Udo and said that the United States would continue to sponsor more economic projects in Georgia.
The ambassador also viewed road constructions on the Karpakhi sector of the Turkey border and the Hereti -Asureti road section, where the constructions are conducted within the Millennium Challenge Program Foundation. The project implies rehabilitation of 223 km road. The project is funded with 200 million dollar.
http://rustavi2.com/news/news_text.p...main&ct=0&wth=
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Old May 7th, 2010, 08:11 PM   #45
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Georgia’s Saakashvili Plans Costa Rica Trip to Seek Investment
MAY 07, 2010
By Helena Bedwell

May 7 (Bloomberg) -- Georgian leader Mikheil Saakashvili plans to travel to Costa Rica to attend the inauguration of President-elect Laura Chinchilla and meet with officials as he seeks to revive foreign investment.

“Costa Rica is among the Latin American countries that have expressed interest in relations with Georgia, particularly economic ties and investment in various areas,” Manana Manjgaladze, Saakashvili’s spokeswoman, told reporters in the capital Tbilisi today.
http://georgiandaily.com/index.php?o...8533&Itemid=74
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Old May 7th, 2010, 08:22 PM   #46
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U.S. ambassador viewed U.S. funded projects in Southern regions
07.05.10
The ambassador of the United States of Georgia, John Bass has visited the Southern Region of Georgia and viewed the Kakhareti mini hydroelectric station, which was restored within the USAID programs in Georgia. The mini HES generates electricity, which supplies over 3,000 families in the region.
The U.S. diplomat also viewed a milk collection factory in the village of Udo and said that the United States would continue to sponsor more economic projects in Georgia.
The ambassador also viewed road constructions on the Karpakhi sector of the Turkey border and the Hereti -Asureti road section, where the constructions are conducted within the Millennium Challenge Program Foundation. The project implies rehabilitation of 223 km road. The project is funded with 200 million dollar.
http://rustavi2.com/news/news_text.p...main&ct=0&wth=
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Old May 7th, 2010, 09:30 PM   #47
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Mikheil Kordzakhia - Executive director of the Georgian Employers’ Association

Q: Who was the initiator of the idea to organize an Indian exhibition in Georgia?

A: The Indian culture exhibition was initiated by the Anz Corporation, one of the biggest in India. The organization is oriented towards organizing exhibitions in India, as well as abroad. It’s very interesting that the occasion turned into a tradition because the event was held twice last year.

Q: Is it the first time Indian accessories and clothing are presented in Georgia?

A: This year the event is larger comparing to last year, because demand is increasing.

Q: How big is the interest of Georgian customers?

A: Interest is high and it’s really good that here we are focused on quality and visitors can purchase exhibition exponents. If it was held for the first time, there would have been a doubt that customers have no idea what they are buying but the exhibition is being held for the first time and people are aware of the production considering Indian culture.

Q: How affordable is production? Which price segment is it targeting?

A: The organizers made a great orienteer. Most of the production is affordable for the average socio-economic level of society.

Q: Is there a chance that the event will be followed by concrete investments?

A: This is the first time we are involved in the project and we offered the Indian side to make it not only in frames of the exhibition but the right place for business meetings. Our member companies are also interested to make broader business meetings. Such step would be more serious considering the fact that they are inviting successful Georgian companies in their country in October for a very serious annual wine exhibition.

Nikoloz Kirvalidze - Director of the Delfos jewelry shop chain

Q: What is the current situation on the jewelry market and how did the business sector overcome the global financial crisis?

A: The Jewelry market is one of the first affected by the global financial crisis because our production is luxurious. Our second shop was opened in a tough period when the August war started and we had to start our business in a very tense period of time. Despite all that our main aim is to make our customers satisfied and benefited.

Q: What is the realization index today compared to the dynamics last year?

A: Sales dynamics are increasing but the profit percentage is a lot lower. Considering the crisis period, the companies looked through their development strategy and they had to offer their customers the highest quality for the lowest prices. I assume the economic crisis played a good role in lives of our customers because they received a better quality.

Q: The price of gold constantly increases on the international market. How are you dealing with the changing prices and how do you manage to offer stable affordable prices?

A: The gold price increase is very sensitive issue for us and for customers as well. We practically cannot manage to offer stable prices because the process is undergoing throughout the world but we are trying to encourage our customers and deliver some gifts in case of purchasing golden items.

Q: What prices are affordable for Georgian customers?

A: As for golden production, prices here start from approximately 50 lari, basically for children’s accessories and goes up to 1,000 lari. Prices for the best-seller items vary from 200-500 lari.

Q: Competition on the market is pretty high and you are a newly established company. How do you deal with competitors?

A: I assume golden exchange is competitive to all companies represented in the market because they offer prices that we pay for importing the production.

Q: Why would customers choose production offered by companies like Delfos?

A: Everything that we offer is insured and we are responsible for each and every item that we sell. Prices that we offer are real, neither high nor low.
http://georgiatoday.ge/article_details.php?id=7980
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Old May 7th, 2010, 09:32 PM   #48
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New farm service center and milk processing enterprise in Imereti region

A new farm service center and a milk processing enterprise were set up on April 29, 2010 in Imereti region; west Georgia, within the framework of the US Millennium Challenge Georgia Fund (MCG) that supports Agribusiness Development Activity (ADA).

The new Farm Service Center (FSC), founded in Zestaponi, Imereti, will provide high quality agricultural participation and services to local farmers. Locals will be able to purchase mineral fertilizers, veterinary medicines, plant production means, agricultural goods and tools and many more. Farmers will also be able to obtain qualified information about markets and prices as well as get consultations in the field of agriculture. The FSC in Zestaponi received ADA grant funding in amount of USD 49 800 and is supposed to create approximately 13 new jobs and benefit at least 1,500 local farmers.

"Elvani+" LLC milk processing enterprise was opened in Bashi, a small village in Imereti. With the USD 49 300 worth ADA grant and a matching investment the enterprise established a small scale milk processing plant producing, packaging and selling of two types of local cheese sorts (Sulguni and Imeruli) as well as Nadughi (local sort of curd). The project will create approximately 11 new jobs and benefit at least 25 local farmers.

Through MCG's Agribusiness Development Activity, total of 286 grant agreements have been approved for the development of primary production, small and medium enterprises and farm service centers, with total value of up to USD16.2 million. These projects are expected to create up to 3600 new jobs in rural Georgia.
http://georgianjournal.ge/
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Old May 9th, 2010, 02:28 PM   #49
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LLC Dagi to Receive 6.7 million GEL for Sataplia Reserve Infrastructure Construction
2010.05.08 16:00
Tbilisi (GBC) - Dagi construction company will construct the Sataplia state Reserve Administration Infrastructure.
http://gbc.ge/index.php?m=home&p=1
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Old May 9th, 2010, 06:00 PM   #50
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George Shonvadze - Head of the Agency of Protected Areas

Q: What is the current situation in historic areas and what has been done in terms of protection so far?

A: National parks and reserves hold eight percent of Georgia’s territory including 19 administrations and nine national parks have implemented tourist infrastructure, which means that there are represented hotels, exposition halls, tourist centers and tourist packages with various services.

Q: How much is invested in the sector and does it include foreign investments?

A: There are approximately $20 million invested since 2003 and, of course, it includes foreign resources as well as the country’s budget. The World Bank organized a project for protected areas in eastern countries and it gave us $9 million, which meant establishment and expansion of national parks and natural reserves, tourist infrastructure development, creating tourist services and organizing social projects for local population.

Q: How interested are foreign tourists in historic reserves?

A: Since 2008, 50,000 tourists walked through national parks and reserves. In 2009, the number doubled and reached 100,000. Since 2009, we witnessed rise in domestic tourism, which means that the Tourism Department as well as the Agency of Protected Areas worked a lot in this direction and established inside tourism culture. Ninety-five percent of the last estimates are Georgian citizens. Starting from 2010, the interest increased even more, since Agency of Protected Areas participated in two international exhibitions in London and Berlin.

Q: How much will a visit to a natural reserve cost and is there any hotel service in case they wish to stay?

A: Price is the same for foreigners and locals. We provide services for individuals as well as groups of people. This year we offer groups of visitors 50 percent discount. Surely there are hotels and tent spots as well as numerous innovative services.

Q: The private sector will also be involved in the project…

A: A part of the reform is to have positive influence on the population of national park surrounding areas. In several days an auction will be held, which means that tourist infrastructure of the national parks will be delivered to private entities considering experience, and they can manage the abovementioned tourist infrastructure, create new tourist services and realize new investments.

We also offer ready projects of tourist infrastructure in Tusheti National Park and Vashlovani National Park. This is a hotel with few rooms for visitors which investors can realize and manage for several years.
http://georgiatoday.ge/article_details.php?id=7980
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Old May 10th, 2010, 09:52 PM   #51
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Georgia Port Gets Emirate Investment
MAY 10, 2010
By Samantha Shields

POTI, Georgia --The Ras Al Khaimah United Arab Emirate will invest up to $500 million in Georgia's busiest Black Sea port of Poti over the next four to five years through its investment authority Rakia, senior executives in its Georgian subsidiaries said in interviews this week.

Poti, which was briefly seized by Russia after August 2008's war over the breakaway territory of South Ossetia, is a key transit route linking the Caucasus and Central Asia to Europe, and Georgia's government has been working with Rakia to establish a free industrial zone on the territory which would allow companies to operate tax free and export goods.
Rakia already fully owns Poti's existing port, plans to finish construction of the zone by the end of May, and will start to build a second port adjacent to it next year at a cost of $300 million.

"Rakia will hold a majority in the new port, we're funding it but also looking for big international banks to become involved," said Khlaled Chatila, Poti Sea Port's general manager. Rakia will also expand the first port, which handles oil and general cargo, to increase grain and cement capacity, he said.

Some 15 companies have already signed up for the free zone and 50 are expected by the end of 2010, according to Joseph Nibladze, Rakia Georgia's senior marketing executive.

They will include furniture makers, chemical manufacturers, steel fabricators and agricultural producers from Azerbaijan, Armenia, Turkey and the United Arab Emirates, he said.

Georgia's economy, fuelled by $2 billion in foreign investment, grew 12.4% in 2007. But the war and world economic crisis scared investors away and it shrank by 3.9% last year. The government is predicting a return to growth of 4.5% in 2010.

Another free industrial zone in Kutaisi in western Georgia is already up and running, with Egyptian household goods manufacturer, Fresh, assembling gas cookers and water heaters there for export to Azerbaijan and Armenia.

Two more zones are planned, one in Gonio near the Turkish Georgian border, and one in the east of the country, said finance minister Kakha Baindurashvili.

"Our theory with the free industrial zones is that both the investor and the government do well. They get a free tax environment, free trade and good logistics and we get increased employment and dollar flows," he said.
http://online.wsj.com/
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Old May 11th, 2010, 09:45 AM   #52
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Levan Varshalomidze opens tea processing company in Maradidi

The processing production established by the Company - "Adjara Invest Chai" was officially opened by the Chairman of Government of Adjara.

The production will process 2 tons of tea in 24 hours. According to the founders the technological line will produce more than 25 tons of tea on the season. That will satisfy the Georgian market. The company will expand its activity in the future and export the products abroad.

The company rehabilitates simultaneously the 50 ha tea-plantation in Kirnati. The locals are employed at the rehabilitation sites.
http://adjara.gov.ge/eng/index.php?page=show&id=1490
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Old May 11th, 2010, 09:49 AM   #53
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06 May 2010
Mikheil Saakashvili opened garment factory and hospital in Adjara

The President of Georgia visited the garment factory “BTM” in Khelvachauri. Mikheil Saakashvili spoke with the factory staff and got interested in the employees’ working conditions. The President bought the clothes for the First Lady and himself, produced in this factory.

“The same production is sold in Paris, London, Prague and Austria but they are five or ten times more expensive there. The main thing is that this production is handmade by our citizens and it is much cheaper. You can dress well, spending 100 GEL,”- he noted.

After visiting the factory the President opened the medical clinic “Medina” in Khelvachauri. Mikheil Saakashvili spoke with the clinic owners.

“This is the most modern hospital throughout Georgia. I want to express my gratitude publicly to Mr. Khangoshvili and his spouse Phatima on behalf of the whole Georgia”, the President noted during the speech.

A modern 5 storied, multi-profile medical center was built by means of private investment. There was a Russian military hospital on this territory before.
http://www.president.gov.ge/?l=E&m=0&sm=1&id=3311
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Old May 12th, 2010, 02:17 PM   #54
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Georgia, Azerbaijan, Romani sign new agreement in energy sector
12.05.10
Tbilisi hosted a ministerial on the implementation of the Georgian-Azerbaijani-Romanian project on the transportation of Azerbaijani liquefied natural gas to Europe May 12. Thre three countries have signed an agreement on the establishment of a joint venture on the project of a new way of transporting Azerbaijani gas to Europe today.
Azerbaijani energy minister Natig Aliyev, his Georgian counterpart Alexander Khetaguri and Romanian Minister of Economy, Trade and Business Adrean Vidianu were representing the three countries..
The parties agreed that the new JV deal will specific questions on the project.
`This facility will deal with involving funding for the project and the creation of feasibility studies,` Khetaguri said. The new JV will be established within 30 days.
The project involves the delivery of natural gas from Azerbaijan to Georgia to the Black Sea coast, where will build a factory for processing natural gas into liquefied natural gas. Then it will be delivered to via the tankers Romania, where also will be built re-gasification plant.
`This is a very important project and it will further diversify the Azerbaijani gas to Europe. We believe the diversification of the oil and gas supply routes to Europe is one of the most urgent problems` Aliyev said.
Khetaguri said all the transit routes that pass through its territory are important for Georgia `These are the economic benefits and increase of our energy security,` he said.
Vidianu said the Azerbaijani gas will ensure the Europe with energy in certain measures.
`Romania intends to play an active role in this process and this project is part of this policy,` he added.
Romania, Azerbaijan and Georgia signed a memorandum on cooperation in the field of transportation of liquefied gas in Bucharest April 13.
http://rustavi2.com/news/news_text.p...main&ct=0&wth=
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Old May 13th, 2010, 01:39 PM   #55
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Georgia, Azerbaijan, Romania sign agreement on gas
Quote:


'Azerbaijani gas will ensure the Europe with energy in certain measures.'

Tbilisi hosted a ministerial on the implementation of the Georgian-Azerbaijani-Romanian project on the transportation of Azerbaijani liquefied natural gas to Europe May 12.

Three countries have signed an agreement on the establishment of a joint venture on the project of a new way of transporting Azerbaijani gas to Europe today.

Azerbaijani energy minister Natig Aliyev, his Georgian counterpart Alexander Khetaguri and Romanian Minister of Economy, Trade and Business Adrean Vidianu were representing the three countries..

The parties agreed that the new JV deal will specific questions on the project.

`This facility will deal with involving funding for the project and the creation of feasibility studies,` Khetaguri said. The new JV will be established within 30 days.

The project involves the delivery of natural gas from Azerbaijan to Georgia to the Black Sea coast, where will build a factory for processing natural gas into liquefied natural gas. Then it will be delivered to via the tankers Romania, where also will be built re-gasification plant.

`This is a very important project and it will further diversify the Azerbaijani gas to Europe. We believe the diversification of the oil and gas supply routes to Europe is one of the most urgent problems` Aliyev said.

Khetaguri said all the transit routes that pass through its territory are important for Georgia `These are the economic benefits and increase of our energy security,` he said.

Vidianu said the Azerbaijani gas will ensure the Europe with energy in certain measures.

`Romania intends to play an active role in this process and this project is part of this policy,` he added.

Romania, Azerbaijan and Georgia signed a memorandum on cooperation in the field of transportation of liquefied gas in Bucharest April 13.
http://www.news.az/articles/15338
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Old May 13th, 2010, 04:51 PM   #56
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Economic Minister pays official visit to Israel
13.05.10
Minister of Economic Development of Georgia pays a five-day official visit to Israel. Within the visit, Zurab Pololikashvili will sign agreement about evading double taxation with his Israeli counterpart, Yuval Shtainez.
Georgian Minister has already attended a Georgian-Israel business forum, in which over 40 local companies were participating. Within the visit, Zurab Pololikashvili also met with the Patriarch of Jerusalem, Israeli Minister of Tourism, Minister of Industry, labour and foreign trade and the representatives of private sector.
Zurab Pololikashvili has also visited the enterprises of he ZIM Group and the cartoon factory Kargali, which intend to make serious investments in Georgia.
At present, the total amount of investments in Georgia from Israel is half a billion dollar.
http://rustavi2.com/news/news_text.p...1&prior=2&ct=0

Quote:
Minister Pololikashvili holds meetings in Israel
The Minister of Economic Development Zurab Pololikashvili is on a 4-day official visit in Israel together with the delegation. Meetings were held with the Ministers of Tourism, Industry, Labor and Foreign Trade, Minister of Finances and representatives of different business companies. Zurab Pololikashvili and the Minister of Finances Ewan Schteinetz signed the document concerning the bilateral avoidance of taxation after which Georgian-Israeli business forum was held.

Representatives of more than 40 local companies from Invest in Georgia participated in the forum arranged by the National Investment Agency of the Ministry of Economic Development and the Georgian Embassy in Israel. Minister Pololikashvili said that the Israeli companies are interested in investing in Georgia and deepening the economic and trading relations between two countries. “We have signed a document and we think that it is very important for both countries. This will help the companies to initiate investment projects in our country,” – said Pololikashvili.

The Minister also examined the carton manufacturing factory owned by “Qargal Group” in the frameworks of the visit; analogical production will soon be opened in Tbilisi. The Minister also met the management of the “Zim Group” supermarket network and the company producing nutrition products which are also intending to enter the Georgian market and develop their business in different directions. The Minister also met the Patriarch of Jerusalem Theophilos III and granted him the Icon of Saint George sent by the Patriarch of Georgia Ilia II. The Minister and the Patriarch talked about the deepening of friendly relations between the countries and the development and promotion of palmer tours.
http://economy.gov.ge/?category=4&lang=eng&item=239

Last edited by Kokoity; May 13th, 2010 at 05:20 PM.
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Old May 14th, 2010, 01:33 PM   #57
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Over 100 local and international companies looking at Batumi

This year’s event has been distinguished with the participation of different companies, said one of the organizers, describing the 3rd International Tourism Exhibition in Batumi.

Batumi-Expo 2010 opened on May 7 and lasted three days. “We can say that the whole of Georgia was exhibited in this single place,” Ia Kunchulia, a spokesperson of the local travel company Kalypso, which was the official organizer of the exhibition, said. According to her, over 105 local and international companies participated in the event.

Along with Kalypso, the Department of Tourism and Resorts of the Autonomous Republic of Adjara, the Batumi Municipality, the Department of Tourism and Resorts of Georgia and the Chamber of Commerce of Adjara were organizers of the event.

The main aim of the exhibition was to promote regional tourism, present new tourism products, advertise international tourism resorts for locals and support tourism in the Black Sea countries. The key highlights of this year’s exhibition was regional, international and cruise tourism opportunities.

“The exhibition is becoming an internationally recognized event. The number of participant companies as well as the number of visitors increases every year,” Kunchulia told Georgia Today. “We have hosted guests from Armenia, Azerbaijan, Slovakia, Ukraine, Jordan, Iran, Turkey etc.”

Kunchulia hailed the role of such events in promoting business operation nationwide and beyond. “Event like this give companies a good chance to receive the first hand information and establish links with potential partners. You should have seen how enthusiastically company representatives were talking each other, examining cooperation deals in the exhibition hall,” she said.

Hotel Oasis Sales and Marketing Director Nika Kamushadze said that his company participated in the event for the first time and the results were very good.

“We have signed a deal with Azerbaijani and Armenian tourism federations and are waiting for the additional visitors from those countries starting from this summer,” he said. “In addition, there is a big interest from Iranian companies to bring tourists to Georgia,” he told Georgia Today.

Temur Zoidze, founder of local tour company AB Visit Adjara, also seemed upbeat about the event. Commenting via telephone, he said that the exhibition was very well organized. However, he expressed regret about the meager number of tour companies participating in it. “If we want to get success, it is necessary that at least 40 percent of the tour operators take part in such events,” he noted.

AB Visit Adjara was set up in 1999 Batumi and is the only tour operator in Georgia involved in cruise tourism. During the exhibition Zoidze’s company inked a deal with the Turkish and Ukrainian partners. “We reached an agreement with the Georgian branch of one of the Ukrainian companies to organize advertising tour for 15 Ukrainian specialists in Adjara. Following the tour, they will promote Adjara resorts in Ukraine,” he explained.

According to the organizers, the decision to have the exhibition in Georgia’s tourist center, Batumi, was not hard. Adjara and particularly Batumi, is currently undergoing a tremendous construction boom and economic change. Tourism in Adjara also keeps this trend and has grown rapidly over the past years. The total number of tourists in the region was 147,000 in 2005 and soared to 352,000 in 2007. Most foreign visitors came from Turkey, Armenia, Azerbaijan and Israel.

In recent years, both the central and the local governments have organized various promotional events -- jazz festivals, musical events and international film festivals -- in Batumi. This summer, it is expected that famous American singer-songwriter Stevie Wonder, Spanish tenor Placido Domingo and various famous jazz singers will have concerts in Batumi.

Story by Nino Edilashvili
14.05.2010
http://georgiatoday.ge/article_details.php?id=7999
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Old May 14th, 2010, 02:03 PM   #58
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Quote:
Populi to Launch Operation on Market of Fast Food Restaurants
2010.05.10
Tbilisi (GBC) - Populi, the network of supermarkets, plans to launch operation on the market of fast food restaurants.
http://gbc.ge/index.php?m=home&p=9
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Old May 16th, 2010, 06:14 AM   #59
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Georgian Economy Probably Grew 4% in First Quarter (Update2)
Quote:
May 3 (Bloomberg) -- Georgia’s economy probably grew 4 percent in the first quarter from the year earlier, Prime Minister Nika Gilauri said at a meeting with business leaders in Tbilisi today.

“It’s been a booming quarter,” he told reporters afterward. The economy will grow as much as 5 percent this year after a 3.9 percent contraction in 2009 because of declines in trade, services and the hospitality industry, he predicted.

Expansion of 4 percent this year is no surprise, said David Narmania, executive director of the Caucasus Institute of Economic and Social Studies.

“We must not forget that this is compared with 2009, which had low growth due to the economic crisis and the war in Georgia,” he said by telephone.

Georgia’s economy suffered about $1 billion of damage when the former Soviet republic’s army was routed by Russia in the August 2008 war over the breakaway Georgian region of South Ossetia. Georgia later won pledges of $4.55 billion of international aid, including $1 billion from the U.S.

Tamara Kovziridze, an adviser to Gilauri, said in an interview that there are “many positive expectations” for Georgia’s economy this year, including “solid investments,” particularly from the Middle East. That follows the slowing of foreign investment to a trickle after the war with Russia and the global economic slump.
http://www.bloomberg.com/apps/news?s...A&pid=20601087
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Old May 17th, 2010, 04:48 PM   #60
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Dozens of Georgian businessmen visit homeland
17.05.10
Over 30 businessmen, who run their businesses abroad, are visiting Tbilisi within the business tour called `Back to Georgia`. The even has been organized by the Ministry of Economic Development of Georgia and the Administration of the State Minister for the Issues of Diaspora.
Successful Georgian businessmen from various foreign countries will stay in Georgia for three days. Within the visit, they will be introduced with the novelties in their homeland, the investment environment and the projects, which are underway at present.
Within the visit, the businessmen will visit Georgia`s Regions of Svaneti, Kakheti and the seaside city of Batumi, where they will attend the opening of a new hotel Sheraton. Georgian president will also attend the event in Batumi.
The businessmen will meet with the president, the members of the cabinet and the Patriarch of All Georgia, Ilia II.
The official events will begin at Courtyard Marriot today.
http://rustavi2.com/news/news_text.p...main&ct=0&wth=

Quote:
"Return to Georgia"
Business forum for the Georgian businessmen living and working abroad was held in Hotel “Courtyard Marriot” on May 17. The Ministers of Economic Development and Diaspora – Zurab Pololikashvili and Paata Davitaia respectively- attended the forum. Representatives of the national Investment Agency and Department of Tourism and Resorts and Georgian companies also attended the event. Presentations and personal meetings with the Georgian businessmen were also held in the frameworks of the meeting.

At the end of the meeting the Minister of Economic Development said that times have changed and the situation in Georgia is completely different compared to the period when these people left our country. “It is important for the Georgian businessmen living abroad to get acquainted with the business environment and investment climate in our country themselves. The meetings will be held for three days after which concrete interests will show up. The working sphere of the businessmen in Tbilisi is slightly different. Representatives of tourism, health care and other sectors are among them,” – announced Pololikashvili.

Businessmen working in Turkey, Cyprus, USA, Canada, Russia, Tajikistan, Czech Republic, Slovakia, Israel, Belgium, Spain and Ukraine arrived in Tbilisi yesterday under a special invitation. “Return to Georgia” – this is the name of the project launched by the Minister of Economic Development and the office of the Ministry of Diaspora.

“Return to Georgia is a large-scale project, which intends to give the opportunity to the Georgian businessmen living abroad to bring their capital back to our country and play their role in the development of our economy. The first stage of the project implies the acquaintance of the about 30 Georgian businessmen with the business environment in our country on May 17-19.

Zurab Pololikashvili and Papuna Davitaia together with the guests traveled to Svaneti after the forum. They will arrive in Batumi in the evening and visit Kakheti on Wednesday where they will get acquainted with the current business projects. The guests will participate in the grand opening of hotel “Sheraton” in Batumi, the opening of construction exhibition in Tbilisi, degustation of wine in Kakheti and etc.

The business Diaspora will also meet the president, the Prime-Minister and other representatives of the government in frameworks of the visit.
The guests will leave Georgia on May 20.
http://economy.gov.ge/?category=4&lang=eng&item=244

Quote:
В Тбилиси пройдет конференция с участием грузинских бизнесменов, работающих за рубежом

«Возвращение в Грузию». Министерство экономического развития и аппарат госминистра по вопросам диаспоры организовали уникальный бизнес-тур. Сегодня в Тбилиси прибывают представители грузинской диаспоры, готовые инвестировать деньги в экономику исторической родины. В Тбилиси уже началась бизнес-конференция. В ней запланировано участие около 30 грузинских бизнесменов из Европы, Северной Америки и СНГ, которые намерены обсудить перспективу реализации совместных проектов с отечественными предпринимателями.
http://www.1k-tv.com/index-3-newsinfo-5793

Last edited by Kokoity; May 17th, 2010 at 05:17 PM.
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