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“Ajara Textile” Start to Production for Nike PDF Print E-mail
Saturday, 06 July 2013 18:27

Ltd. "Ajara Textile" was founded in 2008 in Kobuleti district. The village Bobokvati, in Kobuleti, from the Soviet period is preserved at the base of the tea factory. Having close relations with the Republic of Turkey, the tax system and customs system played a significant role in the decision-making process. The initial investment of 4 million U.S. dollars was invested by the end of 2012 increased to $ 6 million. In 2012, the "Ajara Textile" – paid 1.5 million lari tax. For this stage Ltd. "Ajara Textiles"   produces sports and Life style garments of brands Puma, Adidas, Lotto and Erima. "Ajara Textile" manufactured the sports clothes of such outstanding teams as: Glasgow rangers, Borussia Dortmund, Newcastle United, Espanyol, Stuttgart, Feyenoord, Italy Football Team, Koln FC, StadeTreillierain, Olympiakos, Lisbon Sporting. In 2009, in Kobuleti  "Ajara Textile"  started its activity with 75 employees. In 2010, the number of employees was overestimated 300 people. The annual production of "Ajara Textile" is 3 million units of shorts and T-shirts and currently 698 people are employed in the factory. In 2011, was decided expansion of "Ajara Textile" in the settlement of Queen Tamara, where was begun a factory construction. In 2012, there worked 370 people. Nowadays there are made 1.5 million units of shorts and T-shirts in a year. The factory employs 519 people. Totally 4.5 million pieces production. Since 2008 in Ltd. "Ajara Textile"   has been employed more than 1200 people. Till now, Georgia had not been approved by the company Nike as its possible potential producer. For 2 years were going negotiations with Georgia and confirmed by Nike 15 days ago. Because of this there been a need to enlarge of the factory in the settlement of the King Tamara District. This factory will employee 1200 person in total. The factory will be opened in expanded form in early 2014. In total two factories, number of employees will be reached 2400.investment will be 10 million USD production capacity will be 10 million pieces.

 
Next weekly economic digest is released… PDF Print E-mail
Wednesday, 03 July 2013 19:57

Please check digest No 178

 
The 24th Local and Regional Media Meeting in Kars PDF Print E-mail
Wednesday, 03 July 2013 18:11

On June 26, 2013 was held the local and regional media meeting in Kars, Turkey that was attended by the Secretary General of International Investors Association, Mr. Osman Chalishkan. He acquainted the audience about tourism and investment current condition and potential of Ajara and whole Georgia. It was featured video. The present guests were also given the tourist and investment brochures. In his speech Secretary General of IIA underlined that Georgia with its geographic location is very important for the neighbor countries, because in terms of land in Transcaucasia it is profitable transit country. During the Conference Mr. Chalishkan offered  the organizers, after that was decided the 25th local and regional media meeting will take place in Georgia, Batumi.

 
Next weekly economic digest is released… PDF Print E-mail
Wednesday, 26 June 2013 19:14

Please check digest No 177

 
The Meeting of Business and Government Representatives PDF Print E-mail
Tuesday, 25 June 2013 18:23

On 24 June, 2013, in Tbilisi was held the meeting of businessmen and representatives of government, organized by Georgian Employer’s Association. The main topic for discussion was the adoption of amendments to the Labor Code of Georgia. The meeting was attended by Deputy of the Minister of Justice, Deputy of the Minister of Labor, Health and Social Protection, the Vice President of Georgian Employer’s Association, representatives of business sector, the Chairman of International Investors Association and the Secretary General of IIA. There was discussed the issues about the several services for employers, their participation in negotiations of trade union, collaboration with social partners. After introductory, meeting changed into the kind of question and answers.

 
Visit of Businessmen of World Turkish Business Council Eurasia Region Committee in IIA PDF Print E-mail
Thursday, 20 June 2013 18:33

On 20 June, 2013 IIA was visited by 11 businessmen delegation of World Turkish Business Council Eurasia Region Committee. Distinguished guests were welcomed by the chairman of International Investors Association, Mr. Jemal Bilgingulluoglu and Secretary General Mr. Osman Chalishkan. The meetings organized by the World Turkish Business Council Eurasia Region Committee has been held in several countries of Eurasia. In the list Georgia was the 5th. The businessmen hold the meetings with governmental bodies and large associations. The members of the business council are among of leading business representatives of business sector in Russia, Azerbaijan, Ukraine, Turkmenistan and Kazakhstan. At the meeting were discussed the issues of co-operation between Georgia and representatives of Foreign Economic Relations Board in Russia and Ukraine and to sign the memorandums.

 
Next weekly economic digest is released… PDF Print E-mail
Sunday, 16 June 2013 18:08

Please check digest No 176

 
Consultative Board Meeting in ICC PDF Print E-mail
Friday, 14 June 2013 18:03

The ICC held its third quarterly Consultative Board meeting on 12 June 2013 at the Holiday Inn to discuss the current business and investment situation in Georgia. In honor of the board meeting, a reception followed which was attended by ICC members and distinguished guests from the diplomatic community and government. In addition to the overall business climate, key issues were discussed including an overview of the current economic and fiscal situation, developing a strategy for Georgia’s competitive growth, revenue collection practices, the government’s private equity funds and more. The ICC Consultative Board is the only body of its kind in the business community in Georgia, comprised of the ICC Executive Board and the ambassadors of France, Germany, the United Kingdom, Italy, the Netherlands and Turkey, the Head of the Delegation of the European Commission to Georgia, the UNDP Resident Representative in Georgia, the World Bank Country Director, the Director of the European Bank for Reconstruction and Development and the IMF Resident Representative. The purpose of the Consultative Board is to bring together members of the diplomatic and business community on a quarterly basis to discuss the business and investment climate in the country. Resolutions and decisions are subsequently communicated to the government and other stakeholders.

 
Next weekly economic digest is released… PDF Print E-mail
Wednesday, 12 June 2013 10:02

Please check digest No 175

 
International Children’s Day was celebrated in the Makhinjauri Children’s House with International Investors Association... PDF Print E-mail
Thursday, 06 June 2013 17:12

On June 1, 2013, the International Investors Association, attended the celebration of  the International Children's Day, which was held in Makhinjauri center for inclusive group of teenagers.They have already studied there for a month. After liquidation of the Infant’s House, the building was transferred to the  Charity Organization “Tana”, where are 42 disabled adults for the moment. Center of single mother and child was officially opened on that day. The center will be located  in the same building. The program will be implemented by financing of Ajara Health  Care Ministry and 20 mothers with their children will be able to live in the house during 6 months. The single mothers will be selected by particular categories.  After the matinee prepared by the children, they were taken to McDonalds and fed a delicious lunch organized by International Investors Association.

 
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