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Meeting was held between Adjara Government and International Investors Association board of management... PDF Print E-mail
Friday, 26 February 2010 18:16

At the meeting, by management board were stated issues to be solved, which in future would help businessmen in working and will improve investment ambience. In government administration was created a working group, which will study problems of investors and will work on solving their problems on time. Mr. Levan Varshalomidze has stated that, it is important the existence of such as “International Investors Association” in Adjara. He also mentioned about liberal political position of Adjarian government, of which main principles are to be opened and transparent. He also talked about new investments and investment projects. The meeting attended, besides the management board head of International Affairs Department Mr. Irakli Goradze, head of  Investment Department Mr. Zaza Gumberidze and media representatives.

IFC visit to Adjara February 23-24 PDF Print E-mail
Thursday, 25 February 2010 17:59

To Autonomous Republic of Adjara had a businesslike visit from representatives of World Bank Group IFC (International Finance Corporation) Mr. Philip Condon & Mr. Bakur Maisuradze. During visit in Adjara, they went to see some already going enterprises and had interesting business meetings with investors. IFC representatives also has paid a visit to International Investors Association and had an introducing and for further well relation type of a meeting with the Chairman of IIA Mr. Cemal Bilgingulluoglu.

Management board session... PDF Print E-mail
Wednesday, 24 February 2010 14:41

On February 24th of a current year at was held another session of Georgian International Investors Association Management Board.

On session were discussed issues, which are very important to be solved for investors. Due to general and personal problems was created a statement bill, to present to head of Government of Autonomous Republic of Adjara Mr. Levan Varshalomidze.

Meeting with Chinese Investors… PDF Print E-mail
Tuesday, 16 February 2010 10:42

On February 14 of 2010 in International Investors Association head office was held meeting with Chinese investors, who represented company “Shyang Tseng Enterprise, Co” LTD.

The head of association Cemal Bilgingulluoglu, Cezmi Akshahin, the member of board of management Omer Ilknur, the assistant of head of the government and representatives of Ministry Of Finance and economy were presented at the meeting. There were presentations about Adjara, association and investment situation. The aim of Chinese investors 2 days visit was the construction of Shoe factory in Adjara.


On February 12th of current year at the IIA office was held the meeting by Board of Management… PDF Print E-mail
Monday, 15 February 2010 16:55

On February 12th of 2009 at 15:00 was held meeting of Board of Management, where have been discussed subjects, such as:


1. Information on produced work of 2009;

2. Working plans and directions for 2010;

3. Giving delegating responsibilities to members of management board;

4. Organize meeting with Chairman of Government Mr. L. Varshalomidze at the end of February; 

5. Excepting a new member – LTD “BAUER-GEORGIA”;

6. Results of negotiation with audit company;

7. Chinese investors visiting program in Batumi;

8. Organizing seminar with IFC at the end of March;

9. Information on budget and balance of 2009;

10. Other issues.


The meeting attended all members of management board, also a substitute member and trustee board chairman.

President of Georgia made the special opening in Batumi PDF Print E-mail
Friday, 12 February 2010 10:44


President Saakashvili made two opening ceremony  for  ‘’ICON GROUP’’  first was the modern agricultural investment of greenhouse which is  35.000 square metres  latest technology  tomato plantation  cost over 5  million USD EURO İT İS NOT İNCLUDİNG LAND İNVESTMENT . Chairman of company Mr. Cemal Bilgingulluoglu  said the company will invest  more in  nearest future for further expansion.



Second opening was the Turkish restaurant called “GRAND GRILL” made by the same group on Khimshiashvili str. offering 25 different kind of  kebabs. President was served the 2 meters kebab and he invited all  journalist to taste.

Law upon Actions Regulating Construction of Local Importance PDF Print E-mail
Wednesday, 10 February 2010 13:11

In Autonomous Republic of Adjara was created temporary regulatory committee, which will act according to the new “law upon actions Regulating Construction of local Importance”

upon Actions Regulating Construction of Local Importance


In pursuant with the Law upon “Status of the Autonomous Republic of Adjara”, Constitutional Law of Georgia and Constitution of the Autonomous Republic of Adjara, Presented Law shall stipulate the actions regulating Construction of Local Importance necessary for complete implementation of the demands of Normative Acts being subject to Law.

The objectives of this law is on territory of Autonomous Republic of Adjara, by this law in defined transition period to support  regulating arrangements on local meaning construction

To create perfect, equal living and active environment conditions; development of territories and settlement by minimizing negative ascendance on economical and other activities, to use rationally territories and natural resources;

Create working and living conditions for settlement territories and get investments, region equal economical structure, infrastructural, social, ecological and cultural development;


For details please see attached file:


Import duty PDF Print E-mail
Thursday, 07 January 2010 21:30

Georgia Government increases customs tax rates on imports
Parliament has approved some changes in Georgian tax code. By correcting custom taxes will be helping on local manufacturing. Although in12 percent taxation regime appeared on some products, which are not being produced in Georgia, for example, hygienic, building and construction goods. This taxation regime will affect on imported products from the countries with which Georgia does not have free trade contract. The largest part of imported products in Georgia comes from, Turkey, Ukraine and Azerbaijan, to which the Georgia has the free trade contract. Georgia does not have a free trade contract with Euro union. Therefore products imported from European Union will apply to new tax regime and will appear on increasing the prices. Tax code changes will also affected: for importing similar and same type of products;

On December 9th of current year at the IIA office was held the second meeting by Board of Management PDF Print E-mail
Monday, 14 December 2009 16:45

On December 9th of 2009 at 18:30, was held second meeting of Board of Management, where have been discussed subjects such as:
1/ Decisions for membership of new members, and information about new candidates (Development Solutions LTD, Batumi-Tex Ltd, Adjar-Energi LTD)
2/ Results of election for Trustee Board Chairman
3/ Working plans and directions
4/ Formalizing Memorandum with Audit Company
5/ Discussing the problematic issues stated by members and find the way to solve them
6/ Giving information and proposal of GPI HOLDING insurance company
7/ Information on web page
8/ Entrustment on Chairmen’s signature to Mr. Cezmi Akshahin.

Georgia & Latvia Intourist Business Forum PDF Print E-mail
Monday, 14 December 2009 00:00

Business Forum

The Forum attended the Georgian and Latvian Government, Latvian Investors and Businessmen, and members of Georgian International Investors Association

During a meeting in the Intourist Palace hotel, deepening of business communications in sphere of tourism, industry and investments attraction were discussed. Latvian side was presented by Minister of Economy of Latvia and 65 businessmen.

Head of Adjara government t delivered speech at the forum. Levan Varshalomidze has acquainted representatives of the delegation with the projects which are carried out in region and economic potential of Adjara.

Minister of Economy of Latvia spoke about those achievements that his country has reached for the last several years. According to him, the main aim of the visit of the business delegation is get acquainted with Adjara potential and to settle bilaterial cooperation. At the business-form Latvian businessmen have presented their production.

Georgian-Latvian business-forum which was held in Batumi today was a productive. It’s not excluded that in the nearest future, new production produced by Georgia and Latvia will appear on both countries market.

Besides it, as Minister of Economics of Latvia has noted, high interest is shown to tourist potential of Adjara and it is expected that, tourist from Latvia will have a rest on the Black Sea resorts of Georgia this summer.

On December 8th of current year, at Intourist Palace Hotel was held the Georgia Latvian

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