Business Conference concerning Poti Free Industrial Zone was held in Mumbai on February 22. The event was attended by business circles of India. The event was organized by “Rakia Georgia” and Indian Chamber of Commerce. Ministers of Economy and Sustainable Development and Finance, Vera Kobalia and Kakha Baindurashili respectively, made a presentation for the Indian businessmen and answered their questions. During the conference, it was announced that the largest delegation of Indian business union- Association of the chambers of commerce, will visit Georgia. Representatives of leading Indian companies will be amongst the members of the delegation. The Georgian Government will continue its business negotiations with the Indian side during the visit.

Please check digest No 57

International Investors Association of Georgia’s member Textile Company “Batumitex” works from 2000 and now expands the manufacture. A new line was installed and new jobs were created in the factory. New personnel will be soon added to old 750 ones and the clothes with new mark will be sold in England...

Please check digest No 56

On February 16 of a year 2011, In the International Investors Association of Georgia, International Organization for Migration (IOM) arranged a presentation concerning Job Counseling and Placement Project, implement by the IOM in Georgia. The representatives of Association member companies and local organizations attended the mentioned presentation.

Please check digest No 55

According to the research of the Ministry of Agriculture, in total 200 hectares of a modern greenhouse should be organized for tomatoes’ meeting the local market demands. A current greenhouse in Khelvachauri district was named as an example of this by the Ministry. The greenhouse, the private property of ICON GROUP Company and located on 3, 5 hectares, is the investment of 6 million USD.ICON GROUP Company is totally based on foreign capital. The company employs 100 people, the salary is normal and besides, there is social assistance. The staff uses different services and a single free meal per day. At this stage, ICON GROUP product demand exceeds supply and therefore, the company plans to expand activities. This is the only company at the local market producing the first quality tomatoes and having a photo sanitary certificate. Wholesale price of 1 kg tomatoes compiles 3-3, 5 GEL. Except tomatoes, ICON GROUP produces lettuce leaves. At this stage, price of 1 kg lettuce leaves is 2,5-3 GEL but compared with tomatoes, it has less selling and in case of the large demand for vegetables, ICON GROUP will make appropriate steps in this direction.

Please check digest No 55

Please check digest No 54

On February 3, 2011, Levan Varshalomidze, Chairman of Government of Adjara AR and Mr. Vazha Bolkvadze, Minister of Finance and Economy of Adjara AR met with investors in the International Investors Association of Georgia.The meeting addressed the problematic issues of the member companies of the association and other local companies and organizations. At the end of the meeting the chairman of the government expressed a desire to hold similar meetings every month to study and resolve above mentioned issues timely.

List of problematic issues discussed at the meeting: