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Old April 20th, 2010, 10:23 AM   #21
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EBRD to Sponsor Tbilisi-Bypass Railway Project
MARCH 18, 2010
The European Bank for Reconstruction and Development will provide $100 million to underwrite plans to remove an arterial railway line from central Tbilisi and to construct a new line that will skirt the Georgian capital.

The project aims to divert cargo transit, including Caspian Sea petroleum products en route to the Black Sea, from having to travel through the center of Tbilisi, the GHN news agency reported on March 18.

Under the project, the city's central railway station will be relocated to the outskirts of town and a new railway line will go around a large water reservoir that sits northeast of Tbilisi, municipal authorities say. A new highway and rapid tram line will also replace the latticework of railways that cuts through the middle of the city.
http://www.eurasianet.org/department...av031810.shtml
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Old April 23rd, 2010, 08:39 PM   #22
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Georgian Winemaking Companies Expect 2010 to Record Rise in Sales
Monday, April 19, 2010 - 03:02
Maia Demetrashvili

Global sales of Georgian wine have been rising steadily this year with first quarter returns showing the export market has climbed by 60 percent. Winemakers say this trend shows that the country's wineries have weathered the storm of the economic crisis.
Shota Khobelia, director general of Teliani Valley winery,says the consumer purchasing capacity has considerably enlarged following the global crisis completion and the fact has affected the Georgian wine sales like all other products. Khobelia did not disclose the winery's sales figures, but says the indicators have significantly improved compared to the first quarter of 2009.
Tbilvino winery's President Giorgi Margvelashvili says the growth tendency of this year's first quarter will be maintained throughout the current year.
“The 2009 first quarter, as well as throughout 2009, has recorded a drop in the Georgian wines sales, particularly on the Ukrainian market,” he said. “The Ukrainian UAH marked an 80 percent depreciation and the crisis resulted in considerable fall in sales of various categories of goods, including wines. Tbilvino sales shrank 40 percent in Ukraine, but we expect the current year to bring perceptibly improved indicators.”
Margvelashvili says he expects the company to be successful this year. His winery emerges as a leader among wine exporters having sold 1.3 million bottles of wine. The company plans to significantly increase the indicator and hopes no hindrances arise in the current year.
The assertions the Ukrainian market has overcome the crisis period somehow is proved by the Georgian wine exports statistics. Namely, the Ukrainian market sold 1,256,556 bottles, while in January-March 2010 Georgia sold total of 2,483,821 bottles, that is, in the reporting period the Ukrainian consumer has acquired twice more volume of Georgian wines compared to the same period of 2009.
Georgian wine exports to Kazakhstan have also climbed. Kazakh consumers purchased 160,966 bottles of Georgian wines in the first quarter of 2009, while the figure rose to 394,000 in the first quarter of 2010. Poland ranks third in Georgian wine importers. Namely, a total of 140,971 bottles of Georgian wines were exported to the Polish market in January-March 2010, up 30,000 bottles compared to the same period of 2009.
In the reporting period Georgian wines were exported to total of twenty seven countries, while the figure marked thirty three countries in the same period of 2009, that is, Georgia wine export markets recorded more countries in 2009, while the first quarter of 2010 registered the higher volume of Georgia wine exports year on year.
Georgian wine exports increased to Latvia to 136,392 bottles (66,736 bottles in the first quarter of 2009), Lithuania – 105,348 bottles (33,420 bottles in the first quarter of 2009), Azerbaijan – 79,476 bottles (15,000 bottles in the first quarter of 2009), Israel – 58,608 bottles (14,280 bottles in the first quarter of 2009), Turkey – 47,004 bottles (no exports recorded in the first quarter of 2009), the U.S. – 46,644 bottles (44,784 bottles in the first quarter of 2009), Belarus – 46,530 bottles (261,168 bottles in the first quarter of 2009).
To maintain the Georgian wine sales index on foreign markets, experts urge Georgian wine exporters to collaborate closer. Some industry observers note the process will contribute to popularizing the Georgian wine and cutting marketing costs.
As previously reported, the World Bank provided similar advice to the Georgian government in 2009. Namely, the proposal called for unifying export wine labels. A number of consultations have been made over the issue and part of them have been already implemented, Margvelashvili said.
Georgian winemaking companies and competitor companies exhibit their products on one stand under the united logo of Wine of Georgia at international exhibitions. For instance, about a dozen Georgian winemakers plan to exhibit their wine products in the mentioned manner at the London International Wine Fair 2010 on March 18-20.
Observers note the introduction of the unified label of Wine of Georgia will become obligatory, while the winemaking companies will be let maintain the remaining attributes of their own brands.
The project was to be carried out starting this year, but the idea has been confined with only participation in exhibitions. Some experts say this initiative could increase Georgian wine exports.
Shota Khobelia, Teliani Valley's director general says the plan is very good, but in this case state structures, namely the Agriculture Ministry should control the wine quality and assemble the companies together.
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Old April 23rd, 2010, 08:43 PM   #23
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Tbilisi railway project to start

After the European Bank for Reconstruction and Development (EBRD) allocated 100 million Euros for the Tbilisi railway bypass project, another donor, the European Investment Bank, pledged to earmark the same amount in May.

The contribution from the two donors covers 70 percent of the total cost of the project and the Georgian Railway will cover the remaining 30 percent. The three-year venture, according to preliminary estimates, is worth approximately 290 million Euros.

Tbilisi Municipality, co-organizer of the project, is responsible to plan the development of over 100 hectares of land, which will be freed as a result of the bypass project. Commercial and residential facilities and recreation centers will be constructed in the area.

Municipality officials hope that the bypass project would help ease traffic jams in the city. In addition, it will become a new destination for construction and development companies, thus providing a big relief for already densely-populated districts such as Saburtalo, Vake and Mtatsminda.

“Tbilisi has a real opportunity and ambition to become a regional city. This project gives us this chance as it opens a new perspective for development of the capital,” Tbilisi Mayor Gigi Ugulava said.

Freight trains, as well as international trains such as the Yerevan-Batumi seasonal train will no longer pass through Tbilisi. The city’s central train station will be closed. Instead, trains heading west will pick up passengers from the Didube station. While heading east, trains will pick up passengers in Navtlughi. Both stations will be modernized and offer up-to-date services.

In particular, the new 30-kilometer rail route will pass through Tbilisi’s Zahesi station, the Avchala and Gldani city districts as well as the northern part of Tbilisi Sea and will join the eastern rail at Lilo station.

According to Ledi Khvingia, spokesperson of the Georgian Railway, Tbilisi will be free from railway routes and train stations.

“At the same time, the project will help to integrate two separate parts [of the city], as it will connect David Aghmashenebeli Avenue with the Kakheti highway,” she said.

Georgian Railway, Georgia’s state-owned railway company, announced a two-stage international bidding process on Dec. 9, 2009. The winner will be responsible for the development of plans and their implementation. The winner will also have to meet all the environmental standards.

The bidding process is expected to end by the end of April. The Georgian Railway representative said the interest from bidders is “very high.”

The winner will be announced in May and construction works are due to start the same month.
http://www.georgiatoday.ge/article_details.php?id=7945
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Old April 25th, 2010, 10:30 AM   #24
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Donald Trump Shows Interest in Georgia, says Georgian President
2010.04.21
Tbilisi (GBC) - American multibillionaire Donald Trump is interested in Georgia, Georgian President Mikheil Saakashvili told reporters following his meeting with Donald Trump in New York City.
http://gbc.ge/index.php?m=home&p=11
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Old April 26th, 2010, 08:50 PM   #25
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Quote:
Немецкая компания «Хейдельберг» открыла бетонный завод в Тбилиси
26.04.2010, 21:38 | Экономика

На презентацию прибыли представители тбилисской Мэрии и министерства экономического развития Грузии, а также гости из Германии. «Хейдельберг» является одним из лидеров среди компаний, вкладывающих инвестиции в Грузию. По объему вложений она занимает 4-е место.
http://www.1k-tv.com/index-3-newsinfo-4845
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Old April 26th, 2010, 09:28 PM   #26
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Georgian premier discusses economic cooperation with Jordan
APRIL 26, 2010
Amman - Visiting Georgian Prime Minister Nika Gilauri on Monday and his Jordanian counterpart Samir Rifai on Monday discussed boosting economic cooperation, Rifai's office said in a statement.

The premiers and their delegations focused on opportunities for joint private sector investment in the two countries, according to the statement.

Jordanian officials also briefed Gilauri on Jordan's plans for major projects in the spheres of oil and gas exploration, renewable energy, transport, mining and water.

Gilauri arrived in Amman on Monday along with an economic team.

Copyright © 2010 Deutsche Presse Agentur. All rights reserved.
http://georgiandaily.com/index.php?o...8354&Itemid=74
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Old April 27th, 2010, 12:15 AM   #27
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Georgia’s Foreign Trade Up 15% in Q1
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Georgia’s foreign trade turnover in first quarter of 2010 was USD 1.36 billion, up by 15% from last year’s first quarter, the state statistics office, Geostat, said on April 23.

The value of export was USD 339 million, up by 55% from last year’s first quarter and import was USD 1.02 billion, up by 6% from the same period f 2009. Trade deficit stood at USD 681 million, which is down by 9%, Geostat said.

Turkey remained the Georgia’s largest trading partner in the first quarter with USD 212 million, followed by Azerbaijan – USD 137 million; Ukraine – USD 127 million; Russia – USD 73.3 million; Germany – USD 73.22 million; the United States – USD 71.85 million; China – USD 71.5 million; Bulgaria – 42.6 million; Armenia – USD 40.6 million and United Arab Emirates – USD 39.44 million.

Ferro-alloys remained the number one Georgian export, amounting USD 57 million and oil products top the list of imports totaling USD 119 million in the first quarter of 2010.

Meanwhile on April 24, Georgian PM, Nika Gilauri, said that the government had revised upward GDP growth forecast and now it expected growth from 3% to 5%, instead of initially forecasted 2%.
http://georgiandaily.com/index.php?o...8347&Itemid=74

Georgian Economy to Grow as Much as 5% in 2010, Government Says

Quote:
April 24 (Bloomberg) - The Georgian economy is set to grow as much as 5 percent this year, a spokesman for Prime Minister Nika Gilauri said.

“Based on the early calculations, the prime minister is confident to say that the government expects guaranteed growth of between 3 and 5 percent, no less,” Nikoloz Mchedlishvili, spokesman for the prime minister, said today by phone.

While Georgia’s gross domestic product contracted 3.9 percent in 2009, the economy grew 0.4 percent in the fourth quarter, Mchedlishvili said. That was the first expansion since the second quarter of 2008, just before Georgia’s five-day war with Russia.
http://georgiandaily.com/index.php?o...8346&Itemid=74
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Old April 27th, 2010, 09:00 AM   #28
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Jordan, Georgia look to closer ties
APRIL 26, 2010
THE JORDAN TIMES
By Hani Hazaimeh

AMMAN - Ties between Amman and Tbilisi took centre stage on Monday as Georgian Prime Minister Nika Gilauri arrived in Jordan for a one-day official visit.

During his visit to the Kingdom, the first by a Georgian premier, Gilauri and Prime Minister Samir Rifai discussed means to enhance economic cooperation.

At the political level, Gilauri said the two sides support each other on international issues, adding that Georgians believe that the Arab-Israeli conflict must be solved through negotiations.

“We hope to see the Palestinians and the Israelis reach a peaceful solution soon,” he said in an interview with The Jordan Times yesterday.

Gilauri, who was accompanied by an economic team, said that his meetings with Jordanian officials offered an opportunity to discuss cooperation in various areas.

“This is my first visit to Jordan and it is a chance for us to get to know each other’s countries and potentials to take our economic cooperation to a higher level,” the official said, adding that the two sides signed an economic cooperation agreement yesterday that will pave the way for future collaboration.

He added that the discussions also included facilitating visas for businessmen and tourists as well as establishing direct flights to encourage travel between the two nations.

“This will pave the way for the private sectors to follow suit and engage in joint investments,” he said, noting that he extended an invitation to Rifai to visit Georgia to learn more about the potentials of the Georgian market.

Later in the day, the Georgian premier met with Jordanian businessmen where he gave a presentation on the Georgia’s private sector.

He expressed hope to form a joint business forum in Georgia to explore potentials of cooperation and sign a bilateral investment protection treaty with the Kingdom.

Gilauri underlined that Georgia enjoys “good” relations with the Arab and Muslim worlds, adding that Muslims account for 8 per cent of Georgia’s population.
URL: http://www.jordantimes.com/?news=26052
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Old April 27th, 2010, 07:27 PM   #29
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Turkey remains Georgia’s largest trading partner

Tuesday, April 27
According to the data of Department of Statistics for January-March Turkey remains Georgia’s largest trading partner.

Georgia’s foreign trade turnover in first quarter of 2010 was USD 1.36 billion, of which exports made up USD 339 million and imports USD 1.02 billion. The trade deficit stood at USD 681 million.

Turkey remained the Georgia’s largest trading partner in the first quarter with USD 212 million in bilateral turnover, followed by Azerbaijan with USD 137 million, Ukraine with USD 127 million, Russia with USD 73.3 million, Germany with USD 73.22 million, the United States with USD 71.85 million, China with USD 71.5 million, Bulgaria with 42.6 million, Armenia with USD 40.6 million and the United Arab Emirates with USD 39.44 million.

Ferroalloys remained the number one Georgian export, worth USD 57 million, and oil products top the list of imports at USD 119 million in the first quarter of 2010.

Meanwhile on April 24 Georgian PM Nika Gilauri, said that the Government had revised upward its GDP growth forecast and now expected growth of between 3 and 5% instead of the initially forecast 2%.
http://www.messenger.com.ge/issues/2...con_three.html
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Old April 28th, 2010, 01:18 PM   #30
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One more new flower greenhouse to start functioning soon in Adjara

Green house construction of Lilies is about to terminate in Tcharnali. The Chairman of Autonomous Republic of Adjara together with Minister of Agriculture got acquainted with the works of greenhouse.

"Approximately 20 types of greenhouses are functioning in the region. This supports production of local products and employment of local people", - Levan Varshalomidze declared.

Georgian specialists are provided with different colors of Lily plants by the Dutch partner. "Flower salons" of Batumi, Zugdidi, Poti and some more cities of Georgia are provided with the greenhouse flowers.
http://adjara.gov.ge/eng/index.php?page=show&id=1468
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Old April 28th, 2010, 01:20 PM   #31
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Business authorities from Jordan intend to visit Georgia
28.04.10
The delegation of business authorities from Jordan will soon visit Georgia to check the business environment and the economic capabilities of Georgia for possible investments. The interest to Georgia was shown after the visit of Georgian governmental delegation to Aman, where PM Nika Gilauri met with his counterpart and discussed bilateral relations, including simplification of visa regime and direct air communication.
The delegation also held meeting with about fifty businessmen of Jordan, trying to convince them with the attractive business environment of Georgia, reforms and economic projects that were underway.
`The interest toward the tourism and agricultural sector is very serious. I think that in near future these companies will visit Georgia and get familiar with the capabilities of the country and the projects, which are underway in Georgia,` Minister of Economic Development Zurab Pololikashvili told Georgian reporters.
He said the Georgian product; mineral waters in the first place, might soon appear in Jordan`s markets.
http://rustavi2.com/news/news_text.p...main&ct=0&wth=
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Old April 28th, 2010, 07:55 PM   #32
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Georgia Ready to Export 300,000 Sheep a Year to Middle East
APRIL 28, 2010
By Helena Bedwell

April 28 (Bloomberg) -- Georgia is ready to export as many as 300,000 sheep a year to Middle Eastern countries including Iran, Jordan, Qatar and Saudi Arabia, according to the Agriculture Ministry.

“Georgia is fully capable of exporting 300,000 sheep to the Middle East, and we’re seeing huge demand,” Beqa Gonashvili, a ministry official and head of the Georgian Sheep Association, said by telephone in the capital Tbilisi today. “It’s time to sign concrete agreements.”

Qatar plans to begin importing as many as 70,000 sheep a year from Georgia in 2010 and is willing to pay as much as $250 per animal, Georgian Agriculture Minister Bakur Kvezereli said in February.

Georgian Prime Minister Nika Gilauri said earlier this week that Jordan is also interested in buying sheep.

Gonashvili said sheep breeders are ready to cooperate with the government on exports through the Black Sea port of Poti. At present, Georgia regularly ships sheep only to Armenia, he said.
http://georgiandaily.com/index.php?o...8403&Itemid=74
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Old April 29th, 2010, 04:11 PM   #33
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Azerbaijan’s Socar to Spend $50 Million on Georgian Expansion
APRIL 29, 2010
By Helena Bedwell

April 29 (Bloomberg) -- The State Oil Co. of Azerbaijan, known as Socar, plans to invest $50 million this year to expand its presence in neighboring Georgia, a key transit country for Azeri exports to Europe.

“Georgia’s a perfect country for us to invest in, and we’ll spend a minimum of $50 million this year,” Mahir Mamedov, general director of Socar’s Georgian unit, said in an interview in the capital Tbilisi today. “This will include development of infrastructure, expansion and other projects.”

Socar agreed in 2008 on an increase in gas supplies over five years to meet 100 percent of Georgia’s needs. Under the agreement, Georgia pays $167 per 1,000 cubic meters of gas.

Azerbaijan has been supplying gas to Georgia since 2006, after pipeline explosions in southern Russia cut off deliveries to Georgia and Armenia.

Azeri Economic Development Minister Shahin Mustafayev said trade between the two former Soviet republics increased an annual 7 percent in the first quarter.

Bloomberg
http://georgiandaily.com/index.php?o...8419&Itemid=74
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Old April 30th, 2010, 03:00 PM   #34
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HeidelbergBeton launches second concrete plant in Tbilisi and aims to cover the city

With an approximately two-million euro investment, HeidelbergBeton, a daughter company of Heidelbergcement Georgia, has opened a new concrete plant on the outskirts of Tbilisi, near the Gldani district. The plant, which has employs 40 people, will start operation in May.

HeidelbergBeton General Manager Davit Jughashvili said that this year the plant plans to produce 45 thousand tones of concrete. This amount together with the HeidelbergBeton’s another plant in the Phonichala district, will supply the whole capital and its surroundings.

“Concrete is not a transportable product. I mean that it cannot be transported to far distances. Since there is a construction boom in Tbilisi, we have come up with the idea of opening one more plant,” Jughashvili told Georgia Today.

HaidelbergBeton Georgia was set up in August 2008. The company, which provides the Georgian market with ready-mixed concrete and related services, launched its first plant in Tbilisi’s Ponichala district in 2009. The total investment for the two plants is about four million euro.

Mainhart Truli, a representative of HaidelbergBeton said that the company plans to produce, deliver and pump 160 meter cubic concrete per hour for the Tbilisi area and its surroundings. He confirmed the high demand for concrete in Tbilisi and predicted that they will open a minimum of one plant every year.

According to Jughashvili, for the first time in Georgia concrete recycling and heating systems will be used in concrete manufacturing. He explained that the latter makes possible the production and delivery of warm concrete even in wintertime.

Heidelberg Cement, a German cement and building materials company, entered Georgia in 2006. In Georgia the group unites the Saqcementi and Kartuli Cementi companies. Heidelberg Cement Georgia has cement plants in the Kaspi province and the city of Rustavi with a total capacity of 2 million tons of cement annually. The company sends over half of its production to export markets in Azerbaijan and Kazakhstan.

According to Andreas Kern, a member of the supervisory Board of Heidelberg Cement, Georgia is a very important destination for additional investments.

“We may not be a fast company in terms of development, but we are Germans, so we are reliable,” he said at the opening ceremony on April 26.

Comparing his company to rivals, he added: “I compare my company with Mercedes and Ferrari cars. Ferrari is faster than Mercedes, but the later is more stable and stronger.”

As the plant is not very far from the populated area, some locals raised pollution concerns. However, Jughashvili said that concrete production is quite safe.

“The concrete plants work on electricity. The single problem associated with producing concrete is with dirty trucks - once they need to be washed after being used for concrete transportation,” he said. “But we wash those trucks with water and use that water in the production again. So, that dirty water is not recycled out in the environment.”

Haike Gabriel from the Embassy of Germany hailed the opening of the new plant saying that the Heidelbergcement is one of the largest German companies in Georgia. “Launching one more concrete plant is a message to foreign investors that there is a reliable business environment in Georgia and the event is a successful declaration of trust in the Georgian economy.”

Deputy Minister of Economic Develepment Zurab Alavidze underlined Heidelbergcement’s contribution to the creation of employment opportunities in Georgia. In total, the company has given jobs to more than 1,500 people.

Story by Nino Edilashvili
30.04.2010
http://www.georgiatoday.ge/article_details.php?id=7964
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Old April 30th, 2010, 03:07 PM   #35
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Batumi to host international tourism exhibition

Batumi will host the 3rd International Tourism Exhibition called, Batumi-Expo 2010 on May 7-9, with guests from Armenia, Azerbaijan and Turkey.

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

Levan Varshalomidze, chairman of the Government of Adjara and Zurab Pololikashvili, economy minister, will open the exhibition.

Kalipso, a local tour company is the official organizer of the event. 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 are co-organizers of the event.

According to the organizers, since Batumi has turned into Georgia’s tourist center it did not take long to decide where to hold the exhibition. “Many international touring companies want to participate in the exhibition,” Teona Japaridze, spokesperson of the exhibition, told Georgia Today.

In the frame of the event the organizers plan to give awards to touring companies. It is expected that in total around 100 companies, both local and international, will take part in the exhibition.

Pololikashvili has recently said that tourism is one of the biggest priorities for the development of the Georgian economy, thus the development of inner tourism is of outmost importance.

Tourism in Adjara has grown rapidly over the past years. The total number of tourists in the region was 147,000 in 2005 and it soared to 352,000 in 2007. Most foreign visitors came from Turkey, Armenia, Azerbaijan and Israel.

Last year, has witnessed a promising recovery for the region’s tourism business, which experienced a sharp decline in 2008. From January through November of 2009, the number of tourists in Adjara reached approximately 513,000, which was about twice the amount from the same period in 2008.

Adjara, and in particular Batumi, has undergone a total reconstruction in recent years. At the moment, 120 hotels operate in the region and 18 more will be built over the next three years.

In an apparent move to help generate interest in Georgia’s Black Sea resorts and promote the tourism industry at large, both the central and the local governments have joined forces to publicize the region. For instance, Adjara has been the host of various jazz festivals, musical events and international film festivals. This year, the central government made Batumi the epicenter of the New Year’s celebrations. During the three day cultural events attracted more than 50, 000 tourists according to the Department of Tourism and Resorts of the Autonomous Republic of Adjara, which was unprecedented for that period of time.

Last week Batumi was a subject of CNN’s iList series of reports, a monthly feature which visits a different country each month to take a look at its future prospects. Called “Batumi Reborn,” the story promoted Batumi as a city with European history, which slipped into bad hands after the Bolsheviks occupied it in the early 20th century and which is currently undergoing a tremendous construction boom and economic change.

Story by Nino Edilashvili
30.04.2010
http://www.georgiatoday.ge/article_details.php?id=7965
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Old April 30th, 2010, 03:25 PM   #36
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New Contenders Enter Georgia's Supermarket Sector
Monday, April 26, 2010 - 01:16
Nino Tinikashvili

New Supermarket chains are coming to Georgia after news of a new domestic chain G.Mart and the entry of the French global supermarket Carrefour in the Georgian market.
G.Mart states that its key goal is to offer high-quality services and products to the consumers. Contrary to the operating brands, G.Mart will focus on organizing the network of only large-scale stores of at least 2,500 square meters. The company's first stores will open in the shopping centers in Karvasla and Tbilisi Central.
G.Mart is expected to take on existing chains Populi and Goodwill supermarkets on directly.
Populi has stores all over Georgia. The network mainly unites three sizes, “Neighborhood,” “XL” and “Express.” The company has spent as much as 200,000 USD on opening a small-format store and invests 1.2 million USD in organizing XL-format stores. The company monthly revenues mark about 7 to 8 million GEL. The company launched operation on the domestic market in 2001. Galt&Taggart Capital, FireBird Aurora Fund, American investment company, East Investor, German investment Group, and East Capital, Swedish finance institute, are stakeholders in Populi.
Goodwill has been operating on the market for about eight years. The company opened its first store in the city of Batumi. Later the company organized the hypermarket of Goodwill in Tbilisi. Last year the company unveiled the Tbilisi-based branch of Goodwill-Vake. The Goodwill supermarket is located on major space of 2,400 square meters all over Georgia. The management reportedly spent 5 million USD on opening that store.
Industry sources say Goodwill intended to organize branches in the shopping malls of Karvasla and Tbilisi Central, but it will be interesting to see two stores of nearly the same size compete side by side
French giant Carrefour, a global network of hypermarkets, is expected to open in Georgia soon. The network is considered to be the second all over the world in terms of size. The brand will unveil its 10,000 square meter store in Uptown Tbilisi of Rakeen.
Industry watchers say the new competition could be a boon for consumers as the head to head competition could drive down prices. Conventional wisdom states that the more competition, the better the quality and the services are, with downward pressure on prices.
http://www.gbw.ge/news.aspx?sid=6d62...c-8aaafafe9aaf
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Old May 1st, 2010, 12:31 PM   #37
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Two enterprises open in Chakvi

The Chairman of Government of Adjara opened today the advertising company - "Geopixel" Ltd and plastic processing enterprise - "Mirchemical 21". 60 local are employed at both enterprises. Levan Varshalomidze sighted the working process and talked with the employees.

"The enterprises will expand in the future and number of employees will increase", - noted the Chairman of Government of Adjara. Plastic enterprise, "Mirchemical 21" produces ecologically clean barrels of different type and size.

The advertising company, "Geopixel" Ltd produces all kind of posters for indoor and outdoor publicity. The technology and raw materials are from Europe. The personal was trained during several months.

The production of "Geopixel" will be sold on local market and for the future is planned to bring it in neighbor countries.

The salary of the employees is between 300 and 400 lari. In the future the enterprises plan to turn over on 24 hours tact.
http://adjara.gov.ge/eng/index.php?page=show&id=1473
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Old May 3rd, 2010, 12:11 PM   #38
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HSBC signs agreement with Investment Agency of Georgia
03.05.10 11:16
Economic Development Ministry of Georgia and the HSBC have signed an agreement regarding the assistance to expoerters and importers in Georgia. Irakli Matkava, the head of the National Investment Agency and the Director General of the bank, Guy Lois have signed the document at the Economic Ministry of Georgia today. The document stipulates beginning of trainings and formation of online instruments for those businesses, which plan to grow their trade and commercial activities abroad.
One of the initiatives included in the agreement is to form an international trade academy, where the lectures will be conducted by experts of the HSBC and Georgian Investment Agency.
The ministry authorities define that the trainings will be fit the requirements of Georgian importers and exporters, who will be provided with detailed information, recommendations regarding the international trade products, instruments and legislation.
http://rustavi2.com/news/news_text.p...main&ct=0&wth=
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Old May 3rd, 2010, 12:32 PM   #39
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1 Billion USD Israeli Investments in Georgia over Last Few Years
Written by Tako Khelaia
03/05/2010
The FINANCIAL -- More than 1 billion USD was invested by Israeli businessmen in Georgia during the last 5 years, according to Itzhak Gerberg, Ambassador of Israel to Georgia. He says that Georgia has a lot of potential and advantages in terms of attracting investors. At the moment Israel and Georgia are about to sign an economic agreement.

“Actually the agreement will hopefully be signed in the next months. Because of some technical reasons, this agreement hasn’t yet been signed. We have to wait until government representatives visit Israel,” the Ambassador said.

“In 2009 there were fewer investments from Israel than in pervious years, but I hope that will change in the future. The Minister of Economic Development is going to Israel soon to encourage Israeli Investors,” Gerberg told The FINANCIAL.

“The bilateral relations between Georgia and Israel are excellent in all fields. We are collaborating with the Ministry of Healthcare of Georgia, and the Ministry of Agriculture. We have many tourists who are coming from Israel to Georgia. We have more than 3 direct flights per week between Tel Aviv and Tbilisi . Especially in the summer the number of tourists will be significantly increased. Hopefully the number of Israeli tourists visiting Georgia will be about 50 thousand this year.”

“There is one field which is very important and it is culture. We have cultural activities, I just agreed on bringing an Israeli performance to the International Festival of Theatre in Tbilisi in October. There are many Georgian cultural activities in Israel, with Georgian artists’ involvement. We are planning to bring Israeli artists and their work to Tbilisi .”

“We will increase the number of direct flights and I hope this will be another factor to encourage not only tourists but also investors. It’s very convenient that you can fly to Tbilisi airport, manage your business and fly back home the following day. Time is very important for business and the fact that we have direct flights between Georgia and Israel is very important for investors.”

“Of course we can still diversify export in Israel which was concentrating on wine, water and nuts. Anyway we would like to see more collaboration, more exchange of visitors and more investors coming to Georgia, especially when I understand that the tendency in Georgia is to reduce bureaucracy and make Georgia friendlier towards foreign investors.

Hopefully we will have more Israeli investors, but all in all I think that in previous years there were roughly 1 billion USD of Israeli investments put in Georgia altogether.”

Q. What could be advantageous about Georgia for Israeli Investors?

A. I think that Georgia has a lot of potential and specific advantages, especially for Israeli investors. First of all we have excellent bilateral relationship; there are many Israeli people who speak Georgian. And both countries have really excellent relations with the US.

The most important thing is that there is good will in Israel towards Georgia. During the war in Georgia, not only the Government but also the people of Israel supported Georgia and even accepted wounded soldiers for medical treatment in Israel.

Israel is a very advanced country in terms of technology and hi-tech that can be introduced in Georgia.

I know that there are several new Israeli companies that have arrived on the Georgian market, but that’s not official information, because they don’t report to us. In general I can tell you that there are new investors that have appeared in the last year, for instance Elvis restaurant, which is an Israeli company. Republic Hospital is also an Israeli project that should be privatized soon. I don’t know if an Israeli company will win the bid but the Israeli company is definitely in the short list and have a very good chance to win the bid. Recently a telecommunication company arrived here as well.

There are 3 areas that we encourage investors in. One is agricultural equipment, the second is healthcare, and the third - telecommunications. These are the three areas that Israel is very wealthy and advantageous in. We are doing even better than other big countries and those three spheres are competing with Europe and the US. Our comparative advantage is that we are geographically close, so we can provide Georgia not only with technology but also with the service to adapt the technology.”

“The best thing about Georgia is that the people are very friendly, very welcoming. Wherever I go I feel a lot of warmth towards Israel in general. Also on an individual level I feel people are very genuine and nice.”
http://finchannel.com/Main_News/Busi...ast_Few_Years/
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Old May 3rd, 2010, 12:42 PM   #40
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Entrée- French Business Expending in Tbilisi
Written by Kate Chkhikvadze
03/05/2010
The FINANCIAL -- Entrée, bakery chain in Tbilisi is adding up fourth shop in the middle of June on Pekini Street.

Entrée was born in December 2008 and at present operates three shops in central districts.

“Initially we started the business with two shops. We have imported the high quality modern technologies from Europe, which gives us possibility to offer high quality fresh bread and pastry each day for our customers. Moreover, we import mostly all ingredients from France,” says Jean-Michel Charles, co-founder of Entrée in the interview with The FINANCIAL.

The total turnover for the company was approximately 1 million EURO in 2009.

“Entrée is a French word and means welcome, moreover in Georgia it sounds quite well, so naming the chain Entrée seems to be the right decision,” says Charles.

“The idea of creating Entrée chain came from my Georgian friend, who was my customer.

The main focus while setting the business was on high quality image, which means quality of the product, quality of the design, quality of personnel, and this all together is the business,” says Charles.

Jean-Michel has been working in the field of bakery and pastry for 20 years in countries: Ukraine , Poland, Bulgaria, Russia and more than 3 years in Georgia. His main activity is to implement and create the projects of bakery and pastry.
“The strong brand in Georgia together with obtained observation from foreign markets gives us the confidence to expend Entrée chain in neighbor countries, such as Ukraine , Armenia and Azerbaijan,” says Charles.

Entrée offers wide assortment of French products, as well as the chain includes local products.

“As we are in Georgia and we have to satisfy everybody,” says Charles.

The French products include wide range of the breads, pastry, salads, confectionary, chocolate, their produced ice cream.

The mostly popular among people are French sandwiches, moreover, there is high demand on cappuccino due to its high quality and its preparation way. Coffee is one of the best sales in Entree.

“The potential of coffee house chain development is high in Georgia. Particular there are already few coffee houses in Tbilisi , and they turn out to be quite successful anyway. Together with high quality product you need to have nice comfortable atmosphere,” says Charles.

Charles says the main factor of their success is attributed to the quality. Entree checks the quality of production at each stage.

“All the ingredients we use are imported from France, all the delivery is checked to get the high quality ingredients, we have two French masters- one is head pastry chef and second head of confectionary kitchen, who are checking the process of production.

All our products are fresh and are produced the same day, at the end of the day we take out all the products, and the next day sell the new ones, so we do not keep the product for two-three days.

Moreover, we employee French girl, professional in sales, who is actively training our girls in how to show the products, how to prepare, organize, and how to give smiling to the consumer,” says Charles.

Entrée employees around 50 people in its three shops, the majority are locals and only three are French.

“We try to provide our employees with the best conditions of working, we try to teach them and they are proud to be working in Entrée as it’s a good image now , having right good fresh products all personal enjoys to come here and the customer is also satisfied with the smile and happiness of our staff,” says Charles.

We believe in Georgia we believe in the economy of the country, believe in the politics of the country, good freedom of the country and we are looking for the future,” says Jean-Michel.

“We are looking for middle and high income people. We did not set our price very high. You should know what is the maximum product you can sell to satisfy maximum customers. We have lots of students coming here, as well as schoolchildren, working people, our clients are not only high income people,” says Charles.
http://finchannel.com/Main_News/Busi...ng_in_Tbilisi/
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