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Old May 18th, 2010, 09:28 AM   #61
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HSBC launches seminars for Georgian businessmen
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HSBC has launched seminars for Georgian businessmen within the agreement signed by Georgian Ministry of Economic Development and the HSBC a few days ago. Within the agreement, a special academy has been formed where the businessmen will be trained. The first seminar was opened by the Minister of Economic Development Zurab Pololikashvili at the Courtyard Marriot 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.
The lectures are delivered by the head of the HSBC Europe Region`s International Trade Financing. Representatives of over 60 organizations, which are involved in international trade, are attending the seminar.
http://www.geotimes.ge/index.php?m=home&newsid=21517

Business authorities from Jordan intend to visit Georgia
Quote:
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://www.geotimes.ge/index.php?m=home&newsid=21421
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Old May 19th, 2010, 03:08 PM   #62
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European Investment Bank ready to finance railway in Armenia
By Messenger Staff
Wednesday, May 19
During a meeting with Armenia’s Transport Minister Manuk Vardanian representatives of the European Investment Bank expressed their readiness to start negotiations on allotting Euro 120 million for the construction of the Ashtarak-Gumri railway line. This line could become part of the north-south corridor which will establish a direct link between Armenia’s border with Iran and the Georgian Black Sea ports of Poti and Batumi.

The first tranches of the existing loan allotted by the Asian Development Bank will be spent on rehabilitating the Yerevan-Ararat and Yerevan-Ashtarak segments. The next ones will be spent on the Ashtarak-Gumri and Goris-Kapanis segments. The overall cost of the project should be around USD 962 million.

German-Austrian company ILF has prepared the construction plan and PADECO has elaborated the feasibility study.
http://www.messenger.com.ge/
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Old May 21st, 2010, 03:49 PM   #63
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Education Ministry hands over training ship to Batumi Maritime Academy
21.05.10
Minister of Education and Science, Dimitri Shashkini got familiarized with the teaching methodology of Batumi State Maritime Academy on the training ship. Service Agency of the Ministry of Finance of Georgia presented the Academy with training ship in February, 2010. After rehabilitation, future seafarers pass practical lessons on this ship in following specialties: ship operations and management, electro mechanic that are in compliance with international sea convention.
60 students pass the practical lessons on the ship at the same time. After graduating six-month course, seafarers will receive so called Working Diploma from the maritime administration for the first time in maritime history.
Graduates of Batumi State Maritime Academy will have opportunity to be employed at any leading crewing company of the world after receiving the diploma. It is significant that demand for qualified seafarers is large in the world market.
Before presenting the training ship, graduates of Batumi State Maritime Academy were awarded only with education diplomas. They were passing practical lessons on different ships. After global economic crisis, many crewing companies were bankrupted and therefore, opportunity of receiving practical lessons decreased.
Above mentioned problem will be solved by presenting the training ship to the Academy. Graduates will receive education and working diplomas at once.
Dimitri Shashkini personally got familiarized with practical teaching process, inspected devices and technique that are necessary to drive the ship. By the announcement of Dimitri Shashkini, presenting the Maritime Academy with training ship is very important. Demand for qualified seafarers increase in the world market. We are glad Batumi State Maritime Academy satisfies all requirements.
5000 Georgian seafarers are being employed in different leading crewing companies of the world.
http://rustavi2.com/news/news_text.p...main&ct=0&wth=
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Old May 21st, 2010, 04:14 PM   #64
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SOCAR Black Sea terminal starts first oil transhipment
By Messenger Staff
Friday, May 21
SOCAR's (State Oil Company of Azerbaijan) Black Sea oil terminal in Georgia (Kulevi) has started shipping Kazakh oil from the Tengiz field.

According to the spokesperson for the terminal, "Trans-shipment of Tengiz oil has already started and by the end of the year it is planned to ship at least two million tons." Oil is supplied to the terminal by rail.

According to the source, the terminal started shipping oil for the first time since beginning operations and as a result freight turnover has increased almost threefold. This will not only be profitable for the company but also the local economy – there will be additional jobs and an increase in payments to the budget, making in turn a significant contribution to the economic development of the country.

According to the Georgian Government, in 2009 the Kulevi oil terminal shipped 2.1 million tons compared to 1.3 million tons in 2008. In 2009, there were 99 ships involved compared to 65 in 2008. The total capacity of the tank farm is 320,000 cubic meters; the capacity of the berths is 8000-12000 cubic meters per hour.
http://www.messenger.com.ge/issues/2..._econ_two.html
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Old May 22nd, 2010, 02:43 PM   #65
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Georgian president plants sapling in olive garden in Kakheti Region
21.05.10
Georgian President Mikheil Saakashvili attended Friday presentation of the olive plantation in the village of Mashnaari of Sighnaghi district in Kakheti Region. The idea of laying out the olive garden in Georgia belongs to Geolive Turkish Company, founder of which is Georgian by origin.
Almost all residents of the village participated in laying out the olive plantation. An olive processing plant will also be constructed in Sighnaghi district in 2-3 years.
The Georgian president talked to the residents of Mashnaari about their problems. Mikheil Saakashvili also planted an olive sapling in the garden.
The locals asked the president to resolve the water supply problem in the village. Saakashvili promised them that the government will provide Mashnaari with water supply system very soon.
`Each new company creates new jobs and employing people is the main priority of our country`, Saakashvili said.
http://rustavi2.com/news/news_text.p...1&prior=3&ct=0

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The Presdient of Georgia Mikheil Saakashvili planted an olive tree in Kakheti region
The President of Georgia Mikheil Saakashvili visited Kakheti region today, where the development of olive culture is being founded. Mikheil Saakashvili planted an olive tree and spoke with entrepreneurs and the village population. As the President noted several olive processing enterprises will be opened during next three years.
"Imagine how hard it is to cultivate strawberries and we are always dependent on nature. I am glad that we are bringing the new culture in. This should create a new segment in the Georgian agriculture. The miracles do not happen, but this is one of the rear cultures in agriculture that will provide permanent income to this region. Olive trees are not that hard to take care of like strawberries or grapes. It is planted on the soil, where nothing else can grow and has a stable price on the world market. What's most important as soon as we have the first harvest the number of jobs will increase. Finally about 300-400 people will have jobs", the President of Georgia stated.
Olive trees will be planted on about 100 hectares, in about three years first Georgian product will be released. About 70 people are already employed in this sector.
http://www.president.gov.ge/index.ph...6&info_id=5149

Last edited by Kokoity; May 22nd, 2010 at 04:59 PM.
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Old May 22nd, 2010, 05:01 PM   #66
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Levan Varshalomidze to visit tea and ice-cream producing companies in Kobuleti

Tea producing company - "Agrofirm Kobuleti" is functioning already two years. The company is packing common sorts of tea. The production of the company is already appeared on the markets of Ukraine, Netherlands and Mongolia.

The ice-cream production is working simultaneously. The Chairman of Government of Adjara visited both productions today. Levan Varshalomidze has familiarized whole production process.

"The Georgian culture that was forgotten for years has to be renewed and the process has already begun. Two tea producing companies are already opened in the past two months", - noted Levan Varshalomidze.

400 locals are employed at the tea and ice-cream producing companies.
http://adjara.gov.ge/eng/index.php?page=show&id=1497
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Old May 22nd, 2010, 11:07 PM   #67
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Iran Plans Georgian Hydro Plant, Seeks to Import Electricity
MAY 22, 2010
By Helena Bedwell

Iran plans to build a hydropower plant in Georgia and seeks to import electricity from the former Soviet republic, the Iranian ambassador said.

“We’re getting a good response from the Georgian government on improving ties in our region, and we’re ready to do so,” Majid Samazadeh Saber said at a forum hosted by the Embassy in the capital Tbilisi today. “We want to import electricity from Georgia and use the country for power transit” in addition to the planned hydro plant, he said, adding that Iran is “interested in wind energy” investments in Georgia.

Iranian Foreign Ministry officials travelled to Tbilisi this week after Georgian President Mikheil Saakashvili invited his Iranian counterpart, Mahmoud Ahmadinejad, to visit the former Soviet republic.

Ramin Mehmanparast, a spokesman for Iran’s Foreign Ministry, said the Ahmadinejad visit is “quite possible” after the country’s foreign minister travels to Georgia in June.
http://georgiandaily.com/index.php?o...8700&Itemid=74

Quote:
Iran says it reached deal with Georgia to cancel visa requirements between the countries
MAY 24, 2010
TBILISI (AP) - Iran's Foreign Ministry says it has reached an agreement with the former Soviet country Georgia to mutually cancel visa requirements.

Ministry spokesman Ramin Mehmanparast said at a briefing Saturday in the Georgian capital of Tbilisi that visa-free travel between the two countries would begin in September.

Georgia is led by pro-Western President Mikhail Saakashvili but maintains good relations with Iran and has struck past energy deals with Tehran.

Mehmanparast says Iran is also considering setting up consulates in Georgian cities outside Tbilisi as well as creating an intergovernmental commission to improve economic ties between the two nations.
http://georgiandaily.com/index.php?o...8703&Itemid=65

Quote:
Georgia deepens cooperation with Iran, despite objections
By Salome Modebadze
Tuesday, May 25
Minister of Foreign Affairs of Georgia Grigol Vashadze hosted Ramin Mehmanparast, Spokesman of the Ministry of Foreign Affairs of the Islamic Republic of Iran and member of its Council of Deputy Ministers, to discuss a variety of issues concerning cooperation between the two countries on May 22. “The visa regime between Georgia and Iran will soon be abolished. There will be an Iranian consulate in Batumi, so the previous flight regime is planned to be reinstated. Georgia is an important country in this region and it has a special place in the foreign policy of Iran, one of the strongest countries in the region which is ready to offer its potential to its friendly countries,” Mehmanparast said at a special briefing.

Ramin Mehmanparast said that the Foreign Minister of Iran, Manouchehr Mottaki, is expected to visit Georgia in June this year and a joint Georgian-Iranian Governmental commission meeting would follow in Iran. “We are waiting for the Georgian Prime Minister [Nika Gilauri] to visit Iran and accompany the delegation for the joint commission,” he explained.

Mehmanparast was visiting Tbilisi with a delegation of 15 members of leading mass media agencies in Iran, as direct cooperation between media representatives of the two countries was among the most burning issues to be discussed with Vashadze. Deputy Minister of Foreign Affairs of Georgia Nino Kalandadze and Ramin Mehmanparast signed a Memorandum of Understanding between Georgia and the Islamic Republic of Iran in the sphere of mass media.

“A new stage of relations between Georgia and Iran has been established and we hope these will become more intensive in future. Georgia is grateful to the Iranian Government for the sensible policy it leads towards Georgia, expressed in its unconditional support of the territorial unity and sovereignty of our country,” Nino Kalandadze said, adding that the two countries have a long history of relations and the memorandum on media cooperation will fill a gap caused by a lack of information about each other.

“We have invited Nino Kalandadze and the Georgian media spectrum to the Iran. Deepening relations with Georgia is one of the priorities of Iran`s foreign policy in which the media may play an important role. Iran already has interesting cooperation with Georgia on political issues but we think we have to deepen cooperation in the economic field, especially the energy system and agriculture,” Mehmanparast commented.

Analyst Gia Khukhashvili said that there were positive and negative aspects to the decision to introduce visa free travel to and from Iran, despite the EU's suspicion of this country, when such an arrangement with the EU was so desirable. “I doubt whether we ever had any difficulties with Iran before. I am not at all against such cooperation but I would still call this an impulsive step from the Government of Georgia. They have neglected the opinion of our so called “partner” countries who express their general mistrust of Iran's policy and economic and security systems,” Khukhashvili said, explaining that these kind of relations with Iran may become dangerous for our country in a variety of ways as Iran doesn’t meet international standards in the view of the developed countries Georgia is so motivated to join.

The Messenger also asked well–known Georgian media figures to comment on the memorandum of understanding on exchanging media information. Journalist and media expert Ia Antadze said she was unaware of the details of the memorandum as she has been out of the country but in general, “It is so easy to exchange information between countries nowadays that I have never heard of such a thing as this before. Information is always available on the internet and anyone can get the information they need in their chosen language. I just wonder why the Government is interfering in the policy of the media outlets which are generally privately owned in our country,” Antadze told us. Gia Chanturia, General Director of the Georgian Public Broadcaster, said he welcomed this cooperation. He said the two countries needed intensive cooperation in order to exchange document and video material about each other’s history, culture and traditions and called this a needful and interesting step.

Meanwhile, at a conference of Iranian and Georgian media representatives on May 21, HE Majid Saber, the new Iranian Ambassador to Georgia, had said there was great potential to boost bilaterial cooperation in the energy sector and stressed that Iran aimed to invest in the construction of hydropower plants in Georgia and share its experience in wind energy development if desired. Commenting on US-Georgian relations, Saber reminded the audience of the energy crisis in Georgia in January 2006 which was followed by the blowing up of two gas pipelines in the North Caucasus. “Real friendship is demonstrated in hard times. There was no support from the US when you needed it most, while Iran expressed its readiness to provide Georgia with gas immediately,” the Iranian Ambassador stated.
http://www.messenger.com.ge/issues/2...13_salome.html

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Old May 24th, 2010, 05:10 AM   #68
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Court Rules to Keep Enguri HPP Memorandum Confidential
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Tbilisi Court of Appeals upheld ruling of lower court to keep a memorandum between Russia’s state-controlled power trader, Inter RAO, and the Georgian Energy Ministry on Enguri hydro power plant confidential.

The memorandum on joint management of the plant, located on the breakaway Abkhazia's administrative border, was signed on December 30, 2008 and the document was made confidential by the Georgian Energy Ministry in mid-January, as it said, upon the request from the Russian company citing that the document contained some sensitive commercial information.

Since then Tbilisi-based legal advocacy group, Georgian Young Lawyers Association (GYLA) and the Georgian daily, Rezonansi, are engaged in legal proceedings against the Energy Ministry trying in vain to obtain the document. GYAL and the Rezonansi argue that the public interest towards very important decisions made in respect of country’s energy sector, in particular about the largest hydro power plant in the region, prevails over commercial interests of a company to keep the memorandum confidential. Both GYLA and Rezonansi said that they would now take the case to the Supreme Court.
http://www.geotimes.ge/index.php?m=home&newsid=21676
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Old May 24th, 2010, 05:52 PM   #69
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Renewed business relations with Israel
Monday, May 24, 2010
The Minister of Economic Development Zurab Pololikashvili held an official visit in Israel on May 10-13. Zurab Pololikashvili and the Minister of Finances Yuval Steinitz signed the agreement concerning the avoidance of double taxation between two countries. This decision should promote the development of the existing businesses and be a stimulus for new projects in both countries. Zurab Pololikashvili also met the Minister of Industry, Labor and Foreign Trade who promised his assistance in the development of economic relations between Georgia and Israel. Meeting with the Minister of Tourism of Israel was also held; the Ministers discussed the issue of easing the Visa regime from the Israeli side since there is an increasing tourism dynamics and negotiating on this issue would also increase the number of tourists. The Minister promised his support to start negotiations to ease of visa regime with the Minister of Foreign Affairs of Georgia.
Georgian-Israeli business forum organized by the National Investment Agency of the Ministry of Economic Development and the Georgian Embassy in Israel was also held during the visit. More than 40 local companies participated in the event and gave a positive feedback. The Israeli companies showed particular interest to make investments in following realms: food industry, agriculture and tourism; Israel is one of the leading countries in these spheres on the world market.
At the end of the visit Zurab Pololikashvili was received by the President of Israel Shimon Peres, where the President once again expressed his support for Georgia and a great respect to the long lasting friendship between the Georgian and Jewish nations.
During the visit, the Georgian Minister was received by the Patriarch Theophilos III of Jerusalem. The Minister and the Patriarch talked about the deepening of friendly relations between the countries and the development and promotion of palmer tours.
http://www.gbw.ge/news.aspx?sid=633c...1-53e04d291836
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Old May 25th, 2010, 09:51 AM   #70
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Egyptian FM to Visit Georgia
25/05/2010
Civil.Ge -- Egypt's Foreign Minister, Ahmed Aboul Gheit, will visit Georgia on May 25 after traveling to Azerbaijan, according to the Georgian and Egyptian foreign ministries.

The visit, which will be Egyptian Foreign Minister's first ever trip to Georgia, aims at fostering bilateral relations and at holding "consultations over all the regional and international political issues of mutual interest," the Egyptian Foreign Ministry said.

In Tbilisi Foreign Minister, Ahmed Aboul Gheit plans to meet with President Saakashvili , Parliamentary Chairman Davit Bakradze and Georgian Foreign Minister Grigol Vashadze.

According to the Georgian Foreign Ministry signing of an agreement on cooperation in the field of economy and science.

Georgian PM Nika Gilauri paid a two day visit to Egypt in January, 2010.

According to the Georgian state statistics office, the largest amount of foreign direct investment after United Arab Emirates came in Georgia from Egypt - USD 167.5 million - in 2009.
http://finchannel.com/Main_News/Geo/...isit_Georgia_/
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Old May 25th, 2010, 11:51 AM   #71
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WSJ exmplifies Georgia es reformer in economic sector
25.05.10
The Wall Street Journal has published an article about economic problems in Great Britain and the reforms required for reducing the crisis in the country. The author, Eamonn Butler exemplifies the model of Georgia, where president Saakashvili carried out successful reforms against corruption.
`One model comes from the Black Sea republic of Georgia, once so corrupt that the Russian mafia used to recruit there. President Mikheil Saakashvili famously had to fire the entire police force as being the problem, not the solution, and with systematic free-market reforms, he turned the country around. Now, he wants a constitutional amendment, the Liberty Act, to impose spending, deficit, and debt limits on all future governments, including his own. As he explained at an Adam Smith Institute lecture in London recently, `I don`t trust any government—including mine.`
And why should we? EU rules already require deficits to be below 3% of GDP, but as soon as trouble brewed, they were ignored. In Britain, Gordon Brown supposedly shackled himself with `golden` rules to balance the budget over the economic cycle and to borrow only to invest. But by fudging the definition of where the cycle started and ended, and by calling almost all public spending `investment,` the rules proved no restraint at all.
No, we need something more akin to constitutional limits on government budgets—our own Saakashvili-style Economic Responsibility Act,` the article says.
http://rustavi2.com/news/news_text.p...main&ct=0&wth=
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Old May 26th, 2010, 03:51 PM   #72
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New player on electrical appliance market
By Messenger Staff
Tuesday, May 25
There has appeared a new player in the electrical appliances market under the name Techno Boom. Interestingly, Techno Boom has been established by people who previously worked for the Elit Electronics network. As is known, Elit Electronics has been having problems for several years and is now under the temporarily control of its creditor banks, which have replaced its management.

Techno Boom has already opened four shops in Tbilisi and Batumi. Its management is quite optimistic about the future of the company and is offering different brands to Georgian customers.
http://www.messenger.com.ge/issues/2..._econ_two.html
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Old May 26th, 2010, 04:05 PM   #73
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Free Economic Zone Planned in Adjara
26/05/2010
Civil.Ge -- President Saakashvili said the government was considering setting of free economic zone in Adjara Autonomous Republic.

"We are working on free industrial zone in Khelvachauri; we have investors. We also work on a new concept to create free economic zone, like the one in Poti, in Batumi," he said at a meeting with journalists from several television stations late on May 25. He did not elaborate further details of the plan.
http://finchannel.com/Main_News/Geo/...ned_in_Adjara/
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Old May 27th, 2010, 02:57 PM   #74
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The Minister opened the Georgian supermarket network

The Minister of Economic Development of Georgia opened the new Georgian supermarket network “G Mart.” Presentation of the new Georgian brand was held in “Qarvasla,” where one of the supermarkets “G Mart” is located. The Minister examined the supermarket with the director and noted that it is particularly pleasant for him that there is also a wide assortment of Georgian goods alongside with the foreign production and is 40% of the total production.

“This is a modern supermarket, which meets European standards. More than 400 people are employed in this network; the company has long-term plans. I am sure that “G Mart” will make its name not only in Georgia but the whole region. Other supermarket networks besides “G Mart” have the potential to develop,” said the Minister.

“G Mart” was completely created with Georgian capital. 5 million USD investments were made in order to create 2 supermarkets – one of them was opened in “Tbilisi Central,” and the other one was opened in “Qarvasla.” The director of “G Mart” Ekaterine Chkhaberidze noted that the main priority of the network is the high quality of products and service, constant innovations and economic prices.

The management of the company noted that the strategy of the network is to operate two new supermarkets; another 5 million USD investment will be made.
http://economy.gov.ge/?category=4&lang=eng&item=250
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Old May 27th, 2010, 10:19 PM   #75
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Turkey establishes air and rail links with Nakhchevan
By Messenger Staff
Thursday, May 27
Turkish Prime Minister Erdogan has stated that his country plans to extend the Baku-Tbilisi-Kars railway to Nakhchevan in Azerbaijan. In the past Azerbaijan proper has been connected with Nakhchevan, which is separated from the rest of the country by Armenia, through the Armenian transport infrastructure but this has now become impossible due to the state of Armenian-Azerbaijan relations.

Not only will Azerbaijan will be reconnected with Nakhchevan when the Baku-Tbilisi-Kars railway starts functioning but from June 17 Turkish Airlines will start flying to Nakhchevan three times a week.
http://www.messenger.com.ge/issues/2...con_three.html
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Old May 29th, 2010, 05:18 PM   #76
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“Nowadays Georgia can also produce tea and the quality is much higher compared to imported teas”
Pridon Chitadze - Director of Ternali Tea


Q: How many types of tea are you producing at the moment and which segment are they for?

A: Nowadays, we produce and circulate seven types of Ternali tea. Despite the small factory, the product has to be well-established on the market and convince Georgians that nowadays Georgia can also produce tea and the quality is much higher compared to imported teas.

Q: How did consumers greet the newcomer company and how demanded is the product?

A: Customers hardly accepted the product because many still don’t know that tea is being produced locally in Georgia. 20-25 year-old inhabitants don’t even know what tea is, what is its taste and aroma. By the period they grew up, Georgian tea did not exist any more.

Q: Will you try to introduce lower prices?

A: We are trying to do so but first of all our main aim is high quality, the way better quality than imported tea and less cost. However there is one problem, electricity and natural gas is so expensive in the country that self-cost of the product is very high. Cost of 1 kilogram Green Elite tea is 17-18 lari, and the retail price for a package is 4-4.50 lari.

Q: As you already mentioned, the Georgian market is full of imported products. Why there are so many imports?

A: It was reasoned by the past years after the fall of the Soviet Union. Tea production was practically stopped.

Q: What is the current environment on the Georgian tea market?

A: I can’t say the exact number of locally produced tea, but the amount can not fulfill the country’s demand. However, if people accept Georgian tea and the government supports the business, we, Georgian tea producers who are left in the country, are ready to restore plantations and in several years we can say that we satisfy the demand of the whole country.
http://georgiatoday.ge/article_details.php?id=8040
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Old May 30th, 2010, 03:38 PM   #77
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Erekle Gamkrelidze - Deputy general director of Sante

Q: How are you getting ready for the new summer season? How many types of juices do you offer at the moment?

A: We have six types of juices that we systematically produce on any season. We have two seasons – milk season during winter and afterwards juice season which is not as large-scale. We are actively getting ready for summer season and during that period of time we are more oriented towards resort regions.

Q: Does the season change effect prices?

A: We don’t increase prices. The cost is comparable to quality that we offer our customers and they always know that they have to pay particular amount of money in order to receive such quality.

Q: What is the starting price of your production?

A: It depends on the chain, but prices start from 2-2.50 and up.

Q: How many types of milk products does Sante produce?

A: We have 43 types of products including juices. The most part of our production is oriented to the average segment of society. We offer high quality affordable products.

Q: Which and what amount of Georgian production is exported?

A: We are not operating on export since we try to put all our strength for Georgian customers but this direction is also very interesting for us.

Q: What is the current situation in terms of realization? How demanded is milk production?

A: Nowadays, market and demand are stable and customers have our products with a great pleasure.

Q: Sante is one of the greatest player companies on the market. Are you planning to try in another direction?

A: We purchased new equipment and now we are improving our technology and soon we will offer higher quality and level production to our devoted customers.

Q: How would you evaluate the competition? Whom do you consider your biggest competitors?

A: Any company that can manage to create a high quality production with the analogous prices is our competitor. Such companies are not many but first of all this is Eco Food, it’s been a long time that we are struggling with them on the market.

“5 million dollars were invested in the project for the first stage”
http://georgiatoday.ge/article_details.php?id=8040
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Old June 1st, 2010, 07:24 AM   #78
hakz2007
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Business Climate in Georgia
Quote:


- Fitch Ratings, international rating agency, has upgraded the credit rating of Georgia and advanced Georgia’s GDP growth rate forecast to 6 percent. Do you think this forecast will genuinely come true?

- Yes I believe that the forecast will come true; as a matter of fact most macro economic parameters have improved and the country is as well politically stable so there is no reason not to hit the six percent growth and even exceed it.

- The Georgian Government asserts the national economy and the business sector of Georgia have left the crisis period. At the same time, private companies and business associations often make different appraisals. Which of these considerations do you think to be more acceptable?

- I would say that the economic figures are improving and therefore we are getting out of the crisis; as for businesses you cannot put them all in one basket certain sectors such as trade are doing better than other like real estate; having said that even real estate is starting to pick up little by little considering that the banks are again extending mortgages and this will no doubt move the machine forward pretty fast.

- The Georgia’s indicators in the index of economic freedom have worsened a little. The rating authors note the state sector has enlarged the interference degree in the national economy. Is the business sector facing the same problem?

- Frankly I am surprised from this information, I don’t know which body assessed the economic freedom and what tools were used but what I can assure you is that we don’t feel any increased interference from the Government in the economy but quite the opposite.

- Last period you have made several statements foreign companies are pressing Georgian businesses in Georgia. Moreover, foreign companies even hinder Georgian businesses to penetrate foreign markets. What are the reasons behind similar statements?

- What I have said is that thanks to the reforms in Georgia and to the commitment of the government to open the country to businesses coming from everywhere, Georgia has today a perfect business climate and dozens of companies from the neighboring countries are operating here unhindered and are expanding their businesses; by the same token many Georgian companies are hindered to work or to have any commercial activity in those neighboring countries through the creation of artificial barriers by the local Governments; I believe this to be totally unfair and I think that the principle of reciprocity should apply; if the situation remains unchanged many Georgian companies will go bankrupt since they cannot compete against the neighboring companies who have monopolies in their own countries and generate huge profits; many of those neighboring companies are damping the prices in the Georgian market to drive the local competition out of business with the aim of creating thereafter a de facto monopoly in Georgia.

- A bill of amendments is expected to be incorporated in the tax code. Have you engaged in the bill development process and what are your expectations?

- Yes our Tax Commission has been working very closely with the Ministry of Finance and we have very recently submitted to the Ministry a comprehensive package of amendments that we would like to see adopted.

- Government officials are trying to organize frequent meetings with various business associations. Do you think similar communications are efficient?

- Absolutely! The Georgian Government is always very accessible and available for discussions in a very constructive way; I think that this is a blessing for the business community who can inform the government on regular basis of hurdles that need to be removed; so we are always in a process of fine tuning of the business environment; in my opinion Georgia will be in 2010 in the very small circle of the 10 easiest countries to do business.

- Many discontent statements are being made the Georgian bank sector has not significantly increased lending policy in relation to the business sector? Do you agree with this consideration?

- No I don’t agree with this statement at all! Georgian banks have already decreased interest rates and are happy to lend money; the issue is that many businesses are in the process of restructuring after the crisis and are not ready yet to borrow.

- The Georgian Government expects the country to receive about one billion USD in investments in 2010. Do you think these figure are realistic?

- I believe that in the second semester of 2010 investments will increase sensibly I would not be therefore surprised if we are close to the one billion mark.
http://www.gbw.ge/news.aspx?sid=7de7...c-76c96a52a2cd
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Old June 1st, 2010, 07:26 AM   #79
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Our Economy Needs to Produce Competitive Goods
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Tatia Kobreshvili

GBW: Fitch Ratings, the international rating agency, has upgraded Georgia’s credit rating and forecast the 2010 GDP growth rate to record 6 percent. Do you think we should genuinely expect to see such a rise in this year?

--This is definitely realistic. The agency has named concrete figures and this forecast is meant to be based on preliminary research.

GBW: The Wall Street Journal has called the economic reforms in Georgia as example for even Great Britain. What is the significance of this pronouncement?

--This is a very good assessment, even more so it is made by such an influential newspaper. Consequently, the statement signifies the economic reforms in Georgia have already brought perceptible results and drawn the attention of foreign experts. The positive side of the reforms should be discussed at full scale. The economic liberalization is a positive momentum in itself and the economic growth rate the country had geared up before 2008 was driven by this reform. It is not expedient to be confined with only one field. The matter is complex. Indeed, economic reforms traditionally comprise negative trends too. Excess state deregulation may be not very desirable, but all of us has witnessed the country as it was developing. The Russian aggression in August 2008 and subsequent global economic crisis have negatively impacted our economy. I would like to stress not only reform, but also many other factors contribute to the economic advancement. Pole reform is a good example of this in Georgia, as it has been a success from both an administrative and economic point of view. We meet many foreign partners noting on arrival they deal with the border and customs regulations, meet policemen at the airport and they see it is very simple and easy to enter the country without any problems. The educational reforms are of crucial importance too. Bribery has been eradicated in higher education and this a huge step forward contrary to our neighboring countries. This momentum may have no direct relation with the national economy, but it makes very serious effects on the country's development. It is a great breakthrough for those needing to be licensed, permitted pr going through customs clearance; regulations have been eased.

GBW: Georgia has lost several positions in the index of economic freedom, as the index authors note the state sector interference in the business sector activities has increased. Do you agree with this statement?

– I have not gone into these indicators. I would only note any negatives in the index have been brought by the grave year of 2008, the global economic crisis and collapse of investment.

GBW: You note that Georgian businesses are not ready to penetrate European markets. What do you think are the main obstacles?

–One simple thing affects the process. Our businessmen need to produce competitive goods that are in demand on the European market. Yet we are unable to replace imported products on the domestic market. The rise in exports notwithstanding. For instance, the ratio of the winemaking sector, which more or less shows perceptible results, in Georgia’s total exports is very small. At the same time, should be we confined with only the winemaking sector? We have huge potential in the agriculture and industry sectors too. Today export volume is very limited. For instance, Georgia's citrus is exported to only Ukraine and Belarus. The sector's advancement does not depend only on reform in this case. Investments, new technologies and comparatively cheaper financial resources are required to implement these projects. According to my information, a lot of detailed proposals has been submitted to the Agriculture Ministry for various sectors. Unfortunately, current investment inflows cannot meet the demand in Georgia. We have to perform huge jobs to draw investments. Investors are interested in concrete projects and make investments in the fields they have gained experience. I believe this problem has sharpened by the economic crisis. However, the situation is being changed stage by stage and it will be improved in the near future. I would like to note this problem is not relevant in only Georgia. Downturn in investing volume is seen in the world over.

GBW: Tour representative has become a member of the Georgian Finance Ministry Board of Appeals. What has been the effect of this move?

–We provide close cooperation with the board as it is the last instance before a case is handed over to the courts. The Finance Ministry's board of appeals is a very good institution for settling disputes and the Chamber of Commerce and Industry of Georgia has been providing intense work in this respect. We aim to promote the business sector, but within the legislation, as if a businessman has committed a crime, he or she cannot escape the responsibility.

GBW: During the last period the Chamber of Commerce and Industry of Georgia showed less diligence to hold business forums you have organized many times previously. What is the reason behind this inactivity?

–The main reason is the chamber's resources have shrunk. We used to organize ten or more business forums a year in Georgia and abroad. Indeed, financial resources are required to organize business forums and the chamber received funding from these events. The organizing financial resources were basically collected thanks to subsidies and minimum contributions from companies. Our finances have shrunk after the Chamber of Commerce and Industry ceased issuing certificates of a country of origin, which was the basic source of revenues previously. This practice is applied by many chambers all over the world, not only by our chamber. I would like to say we will resume issuing the certificates of countries of origin starting June 1. Hence, I expect the chamber to increase its proceeds and to restore its good tradition.

GBW: The Chamber of Commerce and Industry of Georgia has referred its representatives to various countries. How has the decision effected the chamber operation and which are the next countries you plan to refer to your new representatives to?

–Many chambers of commerce and industry in the world maintain representatives in other countries. We follow the same practice, but not on the same scale. For the last two months we have added our representatives to several other countries after we signed a memorandum with the Georgian State Ministry for Diaspora Issues. Under the memorandum, the ministry will put forward experienced candidates from the business sector in concrete regions and countries, where our diaspora live. We are authorized to select our desirable persons from the named candidates. This is a good opportunity to establish relations with business circles in foreign countries, authorities and various associations to draw their interest towards the Georgia’s potential and our business proposals. At this stage, we have referred our representatives to over 20 countries. Moreover, we have representatives in even several cities of this or that major country. We plan to appoint our representatives in the U.S., Span and Germany in the near future.

GBW: The Georgian banking sector remains reluctant to increase corporate lending. What is your plan to change this?

–It is difficult to condemn commercial banks. They follow their own regulations and terms. They issue loans on the ground of business plans taking into account the business perspectives. Our problem is high interests on loan. This circumstance hinders the business development in Georgia. Today it is the reality that almost all banks offer the same terms. To change this situation, commercial banks should offer more favorable terms and they should have cheaper lending terms. As a result, commercial banks will be able to lower loan interest rates. Unfortunately, this tendency has not emerged yet.

GBW: The Georgian government expects investment inflows to record approximately 1 billion USD in 2010. Do you consider this forecast to be realistic?

–This is quite realistic. The ongoing projects in Batumi in Adjara is proof to this. The region has already started construction on hotels and infrastructure projects. And this is only one of the regions of our country. Tbilisi is also showing development activity. Despite the grave situation in the housing sector, several companies keep on implementing their projects. As to investments of 1 billion USD, this sum should not be taken as very much money to be very difficult to draw.
http://www.gbw.ge/news.aspx?sid=71bb...a-b619677459d0
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Old June 1st, 2010, 09:58 PM   #80
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Quote:
Georgia’s FDI hopes
By Messenger Staff
Tuesday, June 1
In 2009 when the world was in deep financial crisis foreign direct investment decreased worldwide. 80% of big investments either fell dramatically or ceased. Huge companies rescinded their investment plans.

However under these circumstances Georgia still managed to attract more than USD 750 million in investment in 2009. Director of Georgia’s investment agency Irakli Matkava says that this fact demonstrates the sustainability and stability of the Georgian economy. Georgia is an attractive place for investments and offers its market to India, China, South Korea and Persian Gulf countries.

Georgia expects to attract more than USD 1 billion in investment this year. Analysts think this target is achievable, but depends on the performance of Georgia and the financial and economic stability of the world.
http://www.messenger.com.ge/issues/2..._econ_one.html
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