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Next weekly economic digest is released... PDF Print E-mail
Monday, 11 October 2010 21:36

Please check digest No 38...

 
Cagla Group Electricity Company is in Batumi... PDF Print E-mail
Friday, 08 October 2010 10:25

Cagla Group Electricity Company opened its subsidiary in Batumi. This company is world level in the field of electricity.  Company implemented very important projects in many countries: Hotels, living complex, outside lighting, trade centers, bank buildings, factories, hospitals and healthcare centers. Cagla group implements the projects with French partner. They create such systems when city lights are regulated from one point, like: Eiffel Tower, Brandenburg Gate, Parliament building of Mexico, president residence of Kazakhstan, etc.

Company plans to educate personnel locally and create strong electricity company working with modern systems, which will fill the deficiency in this field.

Company has already started to work on Batumi lights, parking and other particular projects. By the end of October is planning to do French-Turkish presentation in Batumi.

International Investors Association of Georgia conducted negotiations with Cagla Group and their interest in Georgia is a vivid example of association’s successful activity by means of attracting investments.

 
International Investors Association participated in Georgian-German business forum... PDF Print E-mail
Thursday, 30 September 2010 16:23

On September 28 of current year was held Georgian-German business forum in Radisson-Iveria organized by Association of German Businessmen and Embassy of German supported by Federal Ministry of Development and Technology. International Investors Association held bilateral meetings with German companies in order to establish cooperation, especially GTAI (Germany Trade and Invest GmbH), which was established in On January 1, 2004. Germany trade and Invest is the new foreign trade and inward investment agency of the federal Republic of Germany. Germany Trade and Invest’s mission is to promote Germany as a location for industrial and technological investments and to identify investors for the German market.  The organization advises foreign companies looking to expand their business activity in the German market.It provides information on foreign trade to German companies that seek to tap into foreign markets. Germany Trade and Invest provides comprehensive data and client-oriented economic and industry data as well as information about calls for proposals In foreign countries, investment and development projects, and legal and customs regulations.

 
International Finance Corporation seminars on Food Safety and Corporate Governance topics... PDF Print E-mail
Thursday, 30 September 2010 11:08

The member of World Bank group International Finance Corporation (IFC) is going to hold 2 days seminar on the following topics:

Food Safety issues, the advantages of HACCP system – on Thursday, September 30 (At 10:00 am – duration 3 hours). The ministry of Agriculture and Food Safety Department of Autonomous Republic of Adjara will take part in this seminar;

Corporate Governance for Georgian Entities – On Friday, October 1st (At 10:00 am – duration 3 hours).

The participation in both seminars is free of charge and will be held in Batumi Sheraton hotel (second floor).

International Investors Association of Georgia would like to ask its members to take part in the seminars mentioned above.

 
Meeting with Ukrainian Businessmen... PDF Print E-mail
Thursday, 23 September 2010 11:57

On September 22 of current year International Investors Association was visited by Ukrainian businessmen from Kherson Region. Ukrainian delegation, consisting of 7 members, visited Batumi and in bounds of their program held meetings with authoritative persons. At the meeting got acquainted with Association’s activity, spoke with Association members and presented their business proposals, which they are going to implement in Batumi in future. Businessmen also declared, that on October 5, 2010 will be held business forum in Kherson region, where will be invited government and City hall representatives of Adjara, the Association stuff and its members.

 
International Investors Association hosted German Journalists... PDF Print E-mail
Tuesday, 21 September 2010 16:19

On September 14-25 of current year German Delegation will have been in Georgia. Delegation is consisting of 25 members from which 17 are journalists of central and regional television, radio and press, 4 – representatives of different funds and the rest – representatives of German Ministry of Economy. In bounds of visit visitors are introduced to political, cultural and economic environment of Georgia in order to introduce to other German citizens. On September 20-21 the delegation was in Batumi organized by International Investors Association. Journalist also visited BTM sewing factory, viewed Batumi Sights and had a boat ride in Batumi sea area. Such visits are very important and need to be implemented often in order to raise and promote country’s image abroad and introduce ongoing trends in Georgia.

 
Information about the development of Kobuleti “Free Touristic Zone”... PDF Print E-mail
Wednesday, 15 September 2010 17:29

The Ministry started accepting statements from physical and legal entities concerning construction of hotels with the intention to develop Kobuleti “Free Touristic Zone” (so called “Pichvnari” territory, 140 meters from the sea.) Three plots of land with the area of 11.3ha have been allocated for 27 hotels which will be constructed on this territory. Three types of hotels have been determined. The wisher will have to make a choice out of these options. The number of floors of the hotels is also determined: 5, 6 or 7 floors (42, 52 or 60 rooms.) (Please follow the link ) Full package of the project construction documentation will be ready by September 24, 2010. Few changes can be made in the project according to the clients wish. It is remarkable that: Management of the construction building land will happen at a symbolic price; Project construction documentation will be handed to the client for free; The territory will be provided with Engineering Utility Networks and corresponding infrastructure. In case if the project is finished by August 1, 2011, the investor will receive a 15-year income and property tax exemption. Statements must be submitted before October 30, 2010. For detailed information contact: Department of Urbanization and Construction of the Ministry Contact numbers: 99 10 45; 99 10 46; 99 11 13; Department of City Planning at the Ministry of Finance and Economy of Adjara Autonomous Republic Contact numbers: 8(88222) 4-79-18 Info Service Contact numbers: 8(88222) 4-79-38; 8(88222) 4-79-39; 8(88222) 4-79-40.

 
Information about VAT special Regime on Import ... PDF Print E-mail
Wednesday, 15 September 2010 12:33

Since September 1st, 2010 order #690 of Minister of Finance has been come in force, which affirms VAT special regime on Import. Entity, that has declared and paid to the state budget more than 200 000 lari of VAT in last uninterrupted 12 month can use special taxation regime. According to Enclosure 1, Article 2 and paragraph 7, the entity which satisfies the all conditions of the above named regime, then Tax Service automatically gives the status of the special regime.

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Georgia-Turkey business forum... PDF Print E-mail
Monday, 13 September 2010 18:58

On September 13-14, in Batumi, in “Sheraton” hotel and in Tbilisi, in hotel "Courtyard Marriott” will be held the Turkey-Georgia Business-Forum organized by the National Agency for Investment and the Chamber of Commerce and Industry of Georgia. Within the frameworks of the Forum, according to the sectors, bilateral meeting will be held between the Turkish and Georgian Businessmen. Turkish businessmen delegation will be represented by the representatives of following sectors: Construction and Building Materials, Real Estate, bags and shoes production; restaurants and cafes, food products, poultry and eggs, sweets, car parts, agricultural products, wedding dresses, jewellery manufacture products; accounting, computer, printing services (printing) ; biochemical / haematological reactive and equipment, heavy industry (mineral, black metal), educational and social services. International Investors Association of Georgia calls on the Georgian businessmen to participate actively  in mentioned forum in order to establish new business contacts. The bilateral meetings will be held in Batumi on September 14 at 11 o’clock in “Sheraton” hotel.

 
“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.

 
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