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Old March 14th, 2011, 07:57 PM   #241
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Batumi City Hall will Conclude Deal on Conveying Bicycle Taxis in Two Days
2011.03.14
Tbilisi (GBC) - Representatives of an Irish company, who are expected to convey bicycle taxis to Batumi, the Autonomous Republic of Achara, have already arrived in Georgia.
http://gbc.ge/index.php?m=home&p=2
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Old March 14th, 2011, 09:48 PM   #242
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Bad news

http://www.istockanalyst.com/busines...t-2009-geostat
2010 FDI inflow to Georgia 16 pct down against 2009 - GeoStat
Sunday, March 13, 2011 11:45 AM
TBILISI, Mar. 13, 2011 (Xinhua News Agency) -- Foreign direct investment (FDI) in Georgia has declined by 16 percent year-on-year in 2010, down to 553.1 million U.S. dollars in all, according to the latest available statistics from the South Caucasus country.

The preliminary 2010 FDI figure was released by Georgia's state statistics agency GeoStat over the weekend.

Yet even before the financial difficulties caused by the global economic crisis, FDI to Georgia has been on a downhill trend, from 2.014 billion dollars in 2007, down to 1.563 billion dollars in 2008 and further down to 658.4 million dollars in 2009.
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Old March 17th, 2011, 05:19 PM   #243
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Georgia to revive mountainous parts
By Messenger Staff
Thursday, March 17
Recently, the Georgian leadership headed by President Saakashvili declared its intention to pay more attention to the development of the agriculture sector. After 7 years of governance, the rose administration came to this conclusion to make agriculture a priority for the country’s economy. However it is also believed that Georgia has to develop other sectors as well simultaneously. As geologist and internationally recognized expert Alexander Tvalchrelidze said, there are rich natural resources in the mountainous parts of Georgia which, if exploited correctly, could bring USD 2-3 billion annually to the country. This wealth is not being realised, not because of a lack of money or investment, but because the economy is not being managed properly, thinks Tvalchrelidze. He also suggests that making tourism the country’s priority development area could be a fatal mistake as all the countries who have made tourism their major economic segment are now experiencing hard times.

It is high time that the Georgian government listens to experienced people and absorbs rational advice rather than making sporadic moves in different directions.
http://www.messenger.com.ge/issues/2..._econ_one.html
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Old March 18th, 2011, 04:54 PM   #244
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Originally Posted by RelaxInPireaus View Post
Bad news

http://www.istockanalyst.com/busines...t-2009-geostat
2010 FDI inflow to Georgia 16 pct down against 2009 - GeoStat
Sunday, March 13, 2011 11:45 AM
TBILISI, Mar. 13, 2011 (Xinhua News Agency) -- Foreign direct investment (FDI) in Georgia has declined by 16 percent year-on-year in 2010, down to 553.1 million U.S. dollars in all, according to the latest available statistics from the South Caucasus country.

The preliminary 2010 FDI figure was released by Georgia's state statistics agency GeoStat over the weekend.

Yet even before the financial difficulties caused by the global economic crisis, FDI to Georgia has been on a downhill trend, from 2.014 billion dollars in 2007, down to 1.563 billion dollars in 2008 and further down to 658.4 million dollars in 2009.

TRUE inflow was reduced thank to Global crisis and war with Russia, but 5 Billion in EU aid country survived crisis better then any other country in region.
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Old March 22nd, 2011, 06:29 PM   #245
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PM opens new factory in Tserovani
21.03.11
Georgian Prime Minister Nika Gilauri attended the presentation of a new Georgian factory Berta, which produces hygienic and other domestic products. The factory was constructed in the village of Tserovani, where the settlements of IDPs from conflict region after the August war in 2008 was constructed. Prime Minister said it was very important that the factory operated in Tserovani and IDPs from conflict regions were employed there.
PM said 35 million GEL was invested in the construction of the factory and over 200 people were employed there, most of them IDPs.
The construction of the factory was planned three years ago in the Tbilisi’s district of Lilo, but after the August war the plans changed and the government decided to construct it in Tserovani.
The industrial complex of the factory includes five separate buildings on 7 hectares of territory.
The products will emerge on Georgian market in a few weeks. The company plans to export its product in the future.
http://rustavi2.com/news/news_text.p...main&ct=0&wth=
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Old March 22nd, 2011, 06:30 PM   #246
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Levan Varshalomidze and Vazha Bolkvadze to Visit Small Enterprises

The Chairman of Ajara Government with the Minister of Finance and Economics got acquainted with the activities of "Goodwill" and Gypsum - Carton Profiles and Accessories Manufacturer Enterprises.

"Goodwill" is producing semi-prepared as well as ready-made food,bread and cookies for its stores since August. Enterprise employs 40 people.

In the Georgian Gypsum – Carton Profiles and Accessories Manufacturer Enterprise are employed 17 people, however the enterprise plans to expand and increase the number of employees. The products produced in enterprise covers 30 % of the Georgian market.

Chairman of Ajara Government tasked Minister of Finance to support Small Entrepreneurs.
http://www.adjara.gov.ge/eng/
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Old March 25th, 2011, 09:10 PM   #247
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IFC to support Georgia’s troubled agriculture

The International Finance Corporation (IFC) is planning to mobilize investments to support the Georgian agricultural sector. On March 22 officials of IFC, member of the World Bank group, met with government and private sector representatives to discuss how to boost the agriculture in the country.

Guy Ellena, IFC Regional Director of Manufacturing, Agribusiness, and Services Department, for Europe, Middle-East, and North Africa, highlighted the impact of the agribusiness development, its strong role in creating jobs, and supporting economic growth. “IFC combines investments and advisory services to help the sector to address higher demand escalating food prices and to alleviate the current world food crisis,” Ellena said. “We are ready to help Georgia, a country with rich agricultural traditions, realize its agricultural potential through advice and targeting investments.”

According to Ellena, IFC would evaluate all potential investments including advisory services, and financing agri-business companies both directly and through banks. “The sector is not well developed in Georgia, most of the private companies are very small so we foresee that investments will be modest,” Ellena added.

Georgia has been a member of IFC since 1995. Since then, the organization’s total investments in the country reached $500 million in 36 projects. $333 million of the total investments as of December 31, 2010, went to financial markets, general manufacturing, infrastructure, and oil, gas, mining and chemicals.

Mulling over the potential of the Georgian agriculture sector, Bakur Kvezereli, Minister of Agriculture, noted that IFC’s investments would create opportunities for agri companies to access credit and develop infrastructure.

Private sector representatives welcomed the commitment. Mikheil Svimonishvili, General Director of Marneuli Grocery Plant, told Georgia Today that “the country needs more farmers to produce more and become less dependent on imports Agriculture is the government’s top priority. President Mikheil Saakashvili has announced this month that he wants to see “an agrarian government”, which focuses on boosting the productivity in the country.

Recent figures show that the country’s agribusiness is dominated by household enterprises with relatively low incomes.  A preliminary study by Geostat, the National Statistics Office of Georgia, shows that between 2006 and 2009, the share of agricultural revenues out of total household incomes did not exceed 7 %.

During the 1990s, agriculture represented 45% of the country GDP, in 2010 the figure was 8.4%. and it is only the fifth in the government resource allocation after industry, trade, transport and communication.

The conference addressed a key problem: the shortage of insurance opportunities for farmers. Currently only few of the local insurance companies offer products for the agribusiness sector.

Imedi L. International, a Tbilisi-based insurance firm, was one of the first companies that offered agri-insurance to Georgian farmers in 1996. Two year ago the company re-designed the product with the aim of improving the service. Teona Goderidze, the company’s Corporate Insurance Development Manager, told Georgia Today that only in 2010 the company insured the yields of more than 2000 producers.’ “Last year we designed the insurance product in line with the lending program of Credo, a microfinance organization, that boosted the number of agri-insured,” she noted. Imedi L plans to launch soon a new insurance product with ProCredit Bank Georgia.

IFC has made agribusiness a global and regional priority. Its experience in agribusiness is global and includes countries such as Ukraine, Kazakhstan and Turkey in this region. Eastern Europe and Central Asia is an important and developing region for IFC’s agribusiness investments and composed $2.7 billion committed portfolio as of June 30, 2010 (including syndications).

By Tamar Khurtsia
25.03.2011
http://www.georgiatoday.ge/article_details.php?id=8879
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Old March 28th, 2011, 03:18 PM   #248
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Tbilisi discusses new power transmission lines between Georgia and Azerbaijan
MARCH 28, 2011
Trend, N. Kirtskhalia

Georgian and Azerbaijani power engineering specialists discussed building the 500-kilovolt Gardabani - Samukh transmission line in Tbilisi, the Georgian State Electric System told Trend. Azerenergy President Etibar Pirverdiyev visited Georgia to discuss the project. According to the company, the construction will be completed in early 2012.

"The sides will sign a contract in the near future," the Georgian State Electric System said.

New power transmission lines will be laid along the Georgian borders with Azerbaijan and Turkey. According to the Georgian Energy Ministry, the Czech company Energo Pro Georgia is engaged in the construction. According to preliminary data, the project cost is $150 million.

At present, 330-kilovolt power transmission lines link Georgia and Azerbaijan’s energy systems, but the new transmission lines will be much powerful at around 500 kilovolts.

Some $100 million lari ($ 1 = 1.70 lari) has been allocated for the development of Georgia’s energy sector from the state budget. The new lines will increase Georgia's electricity exports to neighboring countries.

According to Georgian Energy Minister Alexander Khetaguri, electricity exports to Turkey increased by almost 10 times over the past few years.
http://georgiandaily.com/index.php?o...1283&Itemid=74
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Old March 29th, 2011, 04:32 PM   #249
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Baku-Tbilisi-Kars railway issue
By Messenger Staff
Monday, March 28
As the Minister for Regional Development and Infrastructure, Ramaz Nikolaishvili stated, in 2011, Georgia will spend USD 300 million for the purpose of the construction and rehabilitation of the Georgian segment of Baku-Tbilisi-Kars railway line. According to the Minister, there are more than 3000 people, mainly locals, working on the project and as Nikolaishvili stated, it is a realistic and very important project for Georgia.
http://www.messenger.com.ge/issues/2...con_three.html
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Old April 1st, 2011, 05:26 PM   #250
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Vakhtan Lemonzhava – Poti Port New Owner Obliged to Invest $50 mln.
01-04-2011
Poti port new owner will have to invest $50 million, Poti Mayor Vakhtang Lemonzhava told InterPressNews about it .
He says that Rak Georgia has been in negotiations for two months with APM Terminal created by the biggest shipping company Maersk.
“Maersk enters Poti Port, buying 80% of the shares. The state works with this company to enable it carry out investments. Agreement is reached in this direction. Obligation to invest $50 million is included in the agreement. This is a positive step and fresh blood to Poti port, the city and the country’s economy”, Lemonzhava said.
He says that 20% of Poti port shares remains in Rakia Group ownership and representative of the Arab Company will be in the high management of the port.
http://www.interpressnews.ge/en/
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Old April 4th, 2011, 12:15 PM   #251
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New investor emerges in Poti port
04.04.11
A new investor company emerges in Poti - IPM Terminal plans to make a 65 million dollar investment in the free economic zone and employ locals, as included in the contract.
The contract between the Rakia Georgia and IPM Terminal was signed a few days ago and the new investor has become the holder of 80% of shares of the Poti Port, The company is one of the largest proprietor of similar terminals in the world - it as 44 terminals in 33 countries.
The final decision about the new investments in Poti will be taken in the head office of the IPN in Copenhagen later today.
`The company will have additional obligation to invest 65 million dollar for the development of the Poti port and employ locals. As for the Rakia Georgia, the company will accomplish the construction of the Poti airport by the end of 2012,` Minister of Economics and Sustainable Development Vera Kobalia announced today.
http://www.rustavi2.com/news/index.php
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Old April 4th, 2011, 05:34 PM   #252
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Chinese investors may invest in Georgia
04.04.11
Chinese investors are interested in the implementation of large-scale projects in Georgia. The investors plan to construct the factories of electric appliances and medical inventory.
Deputy Minister of Economics and Sustainable Development of Georgia, Archil Kekelia met with the representatives of Chinese companies, who operate in the sectors of agriculture, energy and communications. Archil Kekelia introduced the investment environment in Georgia to Chinese businessmen. Kekelia says in few days a group of businessmen from China would arrive in Georgia to view the business climate in Georgia and make their assessments.
`Chinese government has approved a new economic plan for the next five years, which implies investing 1,5 trillion dollars in China`s economics and several hundred millions - abroad. The largest part of the funds is designated for African states and we are doing our best to attract Chinese investments in Georgia,` Archil Kekelia said.
http://rustavi2.com/news/news_text.p...main&ct=0&wth=

Last edited by Kokoity; April 4th, 2011 at 05:46 PM.
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Old April 8th, 2011, 01:45 PM   #253
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Economic Minister held meetings in Sarajevo
08.04.11
Minister of Economics and Sustainable Development of Georgia Vera Kobalia attends the international business-forum in Sarajevo. The Minister held meetings with the authorities of the Balkan states, her counterparts from Malaysia, Norway and Turkey and the representatives of business sectors from various countries.
Minister said the negotiations were fruitful as the sides agreed to form special working groups and prepare agreements for attracting investments and supporting business development in Georgia.
Kobalia said the Georgian side had particular interest to attract investments from Croatia as well. She said their experience in the sphere of tourism was particularly interesting for Georgia.
`Their experience is very important for us because Croatia has 10 million tourists annually. Out plan is to increase the number of tourists by 2012 up to five million. We want to share their experience and services they offer to tourists,` Minister said.
http://rustavi2.com/news/news_text.p...main&ct=0&wth=
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Old April 13th, 2011, 06:48 PM   #254
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Экспорт грузинских вин в Китай увеличивается

Сегодня в Тбилиси представители правительства Грузии и крупнейшие виноделы страны обсудили вопросы освоения новых рынков.

По показателям первого квартала текущего года, экспорт вина в Китай составил 70 тысяч бутылок.

В течение года планируется увеличение поставок в несколько раз.

За прошлый год было реализовано около 15-ти миллионов бутылок грузинского вина.

Это на 10 процентов больше показателя 2009 года.
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Old April 15th, 2011, 08:39 AM   #255
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Swiss investor launches venture in Poti FIZ

Swiss multinational, Steinbock Minerals LTD, has acquired a license to establish a magnesite manufacturing plant in Poti Free Industrial Zone (FIZ). It is the 41st company to have opened a business in the FIZ.

Steinbock Minerals LTD has stated that construction work on the factory, which is predicted to employ 80 workers, will start in the near future. The plant will process magnesia, imported from other countries, with the final product exported to customers – mostly in the metallurgical industry – in Europe and North America.

Steinbock Minerals is owned by Goldenboat Holding and belongs to group of companies specializing in the processing, trading and transportation of industrial minerals, including baryte, talc, fluorspar, chlorite and magnesia. The minerals are delivered from East Asia to markets in Europe, the Americas, Australia and New Zealand.

The new fused magnesia plant in Poti FIZ will Steinbock and Goldenboat’s first project in Georgia.

To date, a total of 41 companies have started their activities or begun construction works in Poti Free Industrial Zone, which has been open for business since November last year. Most of the businesses operating in the FIZ are funded by foreign investors from the USA, Switzerland, Ukraine, the UAE, India, Azerbaijan, Iran, Armenia and Cyprus. The range of activities at the FIZ is highly diverse, from ferro-alloy and industrial mineral production to food manufacturing.

By Ia Natsvlishvili
14.04.2011
http://www.georgiatoday.ge/article_details.php?id=8969
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Old April 19th, 2011, 01:39 AM   #256
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Economic help for Georgian villagers
By Etuna Tsotniashvili
Monday, April 18
Some Nikozi villagers are now lucky as they have been employed in a newly opened cheese market and a bakery in their village where hundreds of families in the Georgian and Ossetian villages will benefit from it.

On April 8, the Head of UNDP in Georgia Jaime McGoldrick, Head of the Operations Section of the EU Delegation to Georgia Martin Klaucke, and Governor of the Shida Kartli region Zurab Arsoshvili opened the market place where 25 local residents will be employed.

Located close to the Administrative Boundary Line, Zemo Nikozi provides a secure place for the farmers to trade cheese and other agricultural products, and to resolve the bread shortage problem in the nearby villages. This first market place in the region has opened with Euro 25 thousand in European Union funding.

“This project works with a community which has been in a very difficult situation for two plus years since the August, 2008 conflict resulting in a community which needs all the help it can get. We believe that by generating opportunities, and by generating hope some of the local farmers and villagers will be able to sustain themselves through employment. The bakery and cheese making area will provide a place for farmers to sell their products and more and more people will be employed there. We think that this is one of the best ways to build confidence and try to make connections to different communities,” Head of UNDP in Georgia Jaime McGoldrick told The Messenger adding that their aim is to bring local citizens together to resolve immediate social and economic problems, rebuild trust and confidence across conflict divides, and help shatter myths and prejudice.

“We are especially interested in supporting activities that promote a culture of tolerance, facilitate people-to-people dialogue and help communities to become strong enough to play a more prominent role in non-violent conflict resolution,” Head of the Operations Section of the EU Delegation to Georgia Martin Klaucke said.

Governor Arsoshvili welcomed the guests and expressed his gratitude on behalf of Gori Municipality and local residents for the assistance they do for conflict zone villages.

“We carry out very intensive work to create more working places in our region including in the villages surrounding occupied territory. With the support of EU and UNDP we have opened a small cheese market which hopefully will grow soon and a bakery, both of them will serve nearby villages,” the Shida Kartli governor told The Messenger.

Local resident of Zemo Nikozi Emzar Nodaridze has been working as a baker for several years in Tbilisi. As soon as he heard about building a bakery in his village he offered himself as a baker and he is on staff now.

“This is a very good project which will help local villagers to be employed. I bake bread and I am sure this business will run successfully because many people buy bread in Gori or in village stores and sometimes there is not enough to meet the demand. Our bakery will bake new bread every day and clients will come for sure,” baker Nadaridze told the paper.

“I feel good as our request has been successfully granted and now we have an opportunity to sell our cheese in this small market,” Mzia Mchedlidze said. According to her it was very difficult to sell this product in Gori because of transportation costs. “I have taken cheese to Gori market to sell and make some money, but I realised that transportation costs were high for me and so it made no sense for me to go there. Now I have a chance to sell my product here in my village and have income for my family as we have nothing to sell except diary products. (because there is no water in the village, no fruits and vegetables are available there to sell in the market).

The same day the delegation also visited a medical clinic in Zemo Nikozi which was rehabilitated some month ago with funds from the Council of Europe Development Bank and implemented by UNDP.

“This hospital is very helpful for us as here we can get a preliminary diagnosis. Instead of leaving for Gori or Tbilisi we come here when it is needed and we trust these doctors. Of course renovation was a very significant step and coming and working in such atmosphere is much better than it was several months ago,” Nino Mindiashvili a local villager said. According to Mindiashvili prices are minimum in the health centre and service is affordable for each of the villagers.

The Nikozi market place was initiated by the local non-governmental organization Institute for Regional Development – Shida Kartli in cooperation with the community-based organization Nikozi 2008. The initiative in Zemo Nikozi is part of the EU-funded Confidence Building Early Response Mechanism (COBERM) implemented by the United Nations Development Programme (UNDP). At a cost of Euro 4.4 million, COBERM supports peace building initiatives and people-to-people contacts within and across communities affected by conflicts.

COBERM is seeking ideas from organizations and individuals and gives priority to the immediate and concrete initiatives that can foster peaceful transformation of conflicts or improve social and economic environment within conflict-affected communities.

The 18-month COBERM programme began in May 2010 and end in November 2011.
http://www.messenger.com.ge/issues/2...2340_undp.html
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Old April 21st, 2011, 07:22 PM   #257
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Индийская компания построит в Грузии Худон ГЭС мощностью 650 мегаватт

Индийская компания построит в Грузии Худон ГЭС мощностью 650 мегаватт, сообщил 21 апреля на заседании правительства премьер-министр Грузии Николоз Гилаури.

По его словам, 1,5 года назад грузинская сторона оформила контракт с индийской компанией «Континентал Энерджи», которая должна была провести технико-экономический анализ, связанный со строительством Худон ГЭС, в частности, насколько возможно строительство, насколько выгодным оно будет в сегодняшних экономических условиях.

Он отметил, что индийская компания несколько недель назад завершила изучение этого вопроса и пришла к выводу, что проект выгодный, несмотря на сложность будущего строительства и необходимые большие инвестиции. Теперь планируется подписание в ближайшие дни договора о строительстве ГЭС с индийской компанией, заявил премьер.

По информации Н.Гилаури, после подписания договора подготовительные работы начнутся уже летом, а само строительство с будущего года. «Это 650-мегаваттный проект. Было несколько проектов – 600-мегаваттный, 700-мегаваттный, но в итоге было принято решение остановиться на этом. В целом будет вложено до 1 миллиарда долларов, что будет одним из самых масштабных инвестиционных проектов в Грузии», - заявил он.
http://pik.tv/ru/news/story/indiyska...u-650-megavatt
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Old April 22nd, 2011, 01:53 PM   #258
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В Грузию поставляется американская кукуруза

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Old April 22nd, 2011, 01:59 PM   #259
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В узком кругу / Грозит ли Грузии дефолт в 2013 году
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Old April 26th, 2011, 01:07 AM   #260
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Georgia eyes Chinese wine market

Georgia is looking to China as a potential wine importer, with the government taking on the responsibility of coordinating working groups on the issue.

“The Chinese market has great potential for Georgian winemakers,” Archil Kekelia, First Deputy Minister of Economy and Sustainable Development told journalist. Kekelia was a member of the Georgian delegation which visited China two weeks ago to scout out new business opportunities.

According to GeoStat, Georgia’s state-run statistics office, approximately 70-80 thousand bottles of wine were exported to China in the first quarter of 2011, with over 222 thousand bottles being shipped in 2010.

Local wine producing companies have also expressed interest in entering the Chinese market.

Tbilvino, a major Georgian wine manufacturer, has been exporting its Tsinandali, Mukuzani and Saperavi brands to China in recent years and plans to double export volume. So far the company has been exporting an approximate 40,000 bottles of wine annually to the Asian giant, but with an increase in demand, supply is expected to follow.

While visiting China, the Georgian delegation met with senior figures from the agriculture, energy and communications industries, giving presentations on the investment climate in Georgia and a number of potential investment projects. The Georgian delegation’s visit was followed by a visit by a Chinese delegation to Georgia for negotiations with the Georgian government on trade issues.

By Ia Natsvlishvili
22.04.2011
http://www.georgiatoday.ge/article_details.php?id=8993
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