On June 2 of the current year, graduates of University of California, Berkley visited International Investors Association of Georgia who were interested in the business environment of Georgia. They do the research about economic and investment potential of Georgia. The guests were informed about the structure of International Investors Association and got acquainted with the activities of association member companies.

On May 29, 2011, International Investors Association of Georgia hosted the representatives of Chamber of Commerce of Turkish City of Kayseri. The main aim of Turkish businessmen’ visit to Georgia was to study the Investment environment of Adjara Region. IIA member companies’ representatives shared their experience of working in Georgia with the guests as well as gave the information about IIA structure and activity.

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On May 21 of the current year, in the International Investors Association of Georgia, Giorgi Pertaia, the Tax Ombudsman of Georgia held a meeting with the representatives of IIA member and candidate member companies. Issues regarding production losses and obligatory bank guarantees for customs clearance were discussed during the meeting. Business Ombudsman stated that mentioned issues are being discussed in the Revenue Service and they will be resolved. Outreach meetings were also planned with IIA member companies for the nearest future.

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On May 11 of the current year, by the initiative of the Ministry of Economy and Sustainable Development and National Investment Agency of Georgia, National Business Award “Mercury” 2011was held in Georgia. The aim of the award establishment is to promote and encourage Georgian business. It is committed to promoting the local business community's new initiatives, innovative solutions,expansion their scope of activities and development.The National Business Award “mercury” 2011 combines both the small and medium-sized and large businesses. BTM Textile- a member company of International Investors Association of Georgia got prize in the nomination “Made in Georgia”. We congratulate the head of the company Mr. Mehmet Efendioglu and wish him success and further prosperity.

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On April 30 of the current year, in Batumi “Sheraton Palace”, International Investors Association took part in Business Forum. The meeting was attended by the Chairman of the Parliament of Georgia Mr.Davit Baqradze, the Chairman of the Government of Adjara A.R. Mr. Levan Varshalomidze, Business Ombudsman of Georgia Mr. Giorgi Pertaia and other officials and organizations. The main theme of the meeting was an introduction of private audit system. Changes concerning private auditors to be made in the Tax Code will be ready in the next few weeks. After Tax Code changes, an entrepreneur will decide himself whether to be examined by the Revenue Service or by an accredited private auditor. If business chooses the auditor, Revenue Service will recognize the conclusion and will not re-examine. In order to advance Tax Code, International Investors Association of Georgia continues active cooperation with the Business Ombudsman of Georgia and other government officials.

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