Batumi Weather


“Nabucco” Gas Pipeline to Receive Credit of 4 Billion Euros... PDF Print E-mail
Wednesday, 08 September 2010 14:42

“Nabucco” gas pipeline will receive a credit of 4 Billion Euros, foreign media reports. The corresponding agreement was signed between the consortium, building the gas pipeline, and the group of organizations yesterday. The group includes the European Bank for Reconstruction and Development, the European Investment Bank and the International Finance Corporation. The total cost of “Nabucco” project was estimated at 8 billion Euros. The construction of the gas pipeline is to start in 2012; while its activation is planned by 2015. ”Nabucco” is regarded as a main alternative of the Russian South Stream pipeline.

On September 1, 2010 was held an auction by Ministry of Economy and Sustainable Development... PDF Print E-mail
Thursday, 02 September 2010 18:04

On September 1, 2010 was held an auction by Ministry of Economy and Sustainable Development, where was sold the building with land and property on the territory of Batumi oil processing plant.

New owner of the named object became Batumi Petroleum, which paid 15 million USD.

International Investors Association members reacted positively on the meeting held by Georgian President regarding diversification of wheat market... PDF Print E-mail
Thursday, 02 September 2010 18:03

Those International Investors Association members who are the owners of the mill factories reacted positively on initiative of the Georgian President to develop special plan by the government connected with growth of the wheat prices.

For investor’s part, they are trying to find an alternative wheat markets with acceptable prices. The owner of Ortsva LTD Ismail Bazarani declared that he purchased wheat in special wheat storage terminals in Tabrzon, which will enable him, not only increase but also decrease wheat prices in nearest days.

For now High-quality 50 kg bag of flour costs 47-48 GEL, as for first class flour – 45 GEL.

On August 26th Chief advisor to Prime-Minister of Georgia Giorgi Pertaia for protecting business sector visited International Investors Association of Georgia... PDF Print E-mail
Thursday, 26 August 2010 16:53

In order to study and discuss different issues Chief advisor to Prime-Minister of Georgia Giorgi Pertaia specially visited Batumi and held meeting with the members of International Investors Association and exporters. The purpose of the meeting was to give information to Association members and exporters about working on all issues raised by investors during the meeting on August 9th of current year. The attendees had also a chance to talk with Mr. Giorgi and discus all actual problems they face during their activity. Government of Georgia is actively working on the issues, solving of which will help exporters very much by means of increasing the export volume. For this reason Mr. Giorgi discussed particular issues with exporter of CIS countries by using of one-to-one form and also expressed his willingness to study carefully their affairs and solve problems. As the fall is upcoming there appeared main problems concerning of exporting citruses and Government’s active actions for protecting exporters’ interests were perceived positively.

Batumi hosted the Tourism Investors Association of Turkey... PDF Print E-mail
Monday, 23 August 2010 20:34

On August 21-22 Batumi visited delegation of 14 persons of Tourism Investors Association "TYD” from Turkey. The guests were hosted by the Chairman of Adjara A/R Mr. Levan Varshalomidze, where the participants considered the prospects of increase of Turkish investments in the field of tourism. Members of the delegation met with Georgian President Mikheil Saakashvili and discussed the tourism development plan. International Investors Association of Georgia actively participated in a program of the visit of "TYD" delegation and establishes the close ties with the Tourism Investors Association to discuss the future specific projects. Tourism Investors Association of Turkey "TYD" was established in 1988. It unites hundreds of investors, who are working in the field of tourism. Turkey is the world's leading country in tourism and it is in eighth place. The branch is being served by 250 thousand hotel beds, 25 thousand places of Aviation, 8 thousand Marina - yacht wharf capacity, 400 thousand people are employed and the country receives annually 27 million tourists and 23 billion dollars income. The relationship with the representatives of mentioned branch and the sharing of its experience is very important precondition for the successful development of tourism.

The fee for using Georgian roads increased up to 200 Lari... PDF Print E-mail
Monday, 23 August 2010 20:33

Georgian government increased the fee for using roads up to 200 lari and concerning procedures will be implemented by Revenue Service based on Government resolution. In the resolution is also indicated the instruction for these procedures. In particular, in case of movement through Georgian Territory under custom control or transportation of cargos, freight auto transport – tractors, Cargo carrier motor vehicles except minibus, special purpose motor vehicles – emergency trucks, car hoists, Fire vehicles, auto concrete vehicles, road cleaning vehicles, irrigation-washing vehicles, workshop vehicles and also the owner or the driver of the car with x-ray equipment should pay fee for using road – 200 lari. In addition at time of crossing boarder the authoritative person from Revenue Service shall explain to the driver all his liabilities concerning the fee payment in written form. Without fee payment under custom control it is not allowed to transport cargos through Georgian Territory. In case of violation of a rule the driver has to pay penalty of 600 Gel worth. There is also indicated the conditions for liberation from fee. The person who is carrying cargo from check point of the seaport to the nearest custom control zone in 10 km radius or vice versa by truck vehicles, is free from fee payment. Government implemented fee for using road just for keep new roads in safe. As for the decision it was made by parliament at spring session.

U.S.A.-Georgia Business Summit... PDF Print E-mail
Monday, 23 August 2010 12:13

September 8-9, 2010
Tbilisi, Marriott -
Tbilisi, Georgia
In cooperation with the U.S. Embassy in Tbilisi, Georgia

On September 8-9, 2010, the U.S. Department of Commerce will host a Business Summit at the Tbilisi Marriott Hotel to promote new trade and investment relationships between U.S. and Georgian companies.

Participants in the Summit can expect:

· A conference on September 8 will provide the latest information on the most prospective business opportunities in Georgia, on best practices from U.S. companies that have successfully done business in Georgia, and on the experiences of Georgian companies that are involved in profitable U.S. business partnerships. Panel discussions will focus on energy, infrastructure, financial resources, and best prospects for cooperation, including franchising, tourism, agriculture and health care.

· A half-day of networking on September 9 will provide an opportunity for Summit attendees to have one-on-one meetings with select Summit speakers (see the registration form for details).

· Guidance from the Overseas Private Investment Corporation and the Export-Import Bank of the United States on how to use U.S. government programs to do business with Georgia.

· The U.S. Ambassador to Georgia and the Georgian Ambassador to the United States are both expected to participate.

· Information from representatives of multilateral development banks with major active projects in Georgia, including the European Bank for Reconstruction and Development, International Finance Corporation, and Asian Development Bank.


The registration fee to attend the Business Summit is USD 50 (or GEL 90).  The Amcham in Georgia is conducting registration on behalf of U.S. Department of Commerce.  See the registration for at for more information and details on how to register.


Please contact Ellen House at 202-482-0360 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Meeting with Custom Authorities... PDF Print E-mail
Tuesday, 17 August 2010 18:17

International Investors Association of Georgia is continuing to extend relationship with competent and authoritative persons at custom in order to get full information about different issues and explanation about legislation. At the meeting will be also discussed those problems which face investors during their activity. The main subject of the meeting on August 17 was so called “product processing regime at customs”, which textile companies are concerned. The head of custom formation of regional Revenue Service of Adjara Mr. Mikheil Qavtaradze gave full information about establishment of outlet norms and the procedures concerning remains, expert decision, the procedures for cuting off and destruction of remains and drawing up an act, main control problems and difficulties at time of product processing at customs, making custom clearance for spare parts and accessories in frontier points, presenting bank guarantee. International Investors Association of Georgia is planning to arrange meeting between custom authorities and businessmen in nearest future.

The meeting with Turkish Businesmen... PDF Print E-mail
Sunday, 15 August 2010 11:17

On August 14 2010, International Investors Association hosted the businessmen from Turkey- Ozgur Temur the owner of Istanbul Bazaar, Rejai Delibasioglu the president of Artvin Diaspora and his deputy Mehmet Koksal. The aim of the visit of Businessmen was the acquaintance with investment environment of Georgia.During the meeting with the deputy of Association’s Chairman Mr. Cezmi Aksahin and with the General Secretary of Association Mr. Tamaz Shavadze the businessmen announced, that on September 4-5 they together with German businessmen will visit Adjara Region again.

Information about Changes and Additions to the Georgian Tax Code... PDF Print E-mail
Wednesday, 11 August 2010 17:48

Based on Order No. 3489 of Georgian President the Changes and additions to Georgian Tax Code has been come in force since August 1st except articles No.  35, 36, 37, 38, 40 and paragraph b) of the article No. 41, which will come in force from September 1st.

These changes and additions also maintain the growth of penalties and sanctions and excise tax on Alcoholic beverages. These very changes also will be overlooked in Autumn and final version will come in force from January 1st, 2011.


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