– Slovakian Former Finance Minister to Become FDI Adviser to Georgian PM -The Prime Minister of Georgia Irakli Gharibashvili appointed Vazil Hudak, former Vice-President of the European Investment Bank and former Minister of Economy of Slovakia, as Foreign Investment Advisor. “Government of Georgia working on a new economic recovery plan in the difficult situation caused…
מעבר לסנטימנט הנוסטלגי הישראלי כלפי התעשייה בארץ, קיימת חשיבות עליונה כי כל מדינה תשמר לעצה יכולת ייצור ולא תסתמך על רכישת תוצרים ממדינות זרות עם הקמתה של מדינת ישראל, הציבה לעצמה המדינה יעד מרכזי, והוא פיתוח התעשייה בישראל הממשלה הפנימה באותן ימים, כי מאחר והמדינה אינה משופעת במשאבים טבעיים, מוטב לה כיעד מרכזי לקבוע פיתוח…
Georgia signs deal with OMV Petrom for oil and gas extraction in Georgian Black Sea waters Largest Eastern European oil company and one of the ten largest oil giants in Europe OMV Petrom and the State Agency of Oil and Gas of Georgia have today signed an agreement on extracting oil and gas on the…
Georgia, located in the Caucasus region, between Black and Caspian Seas, boasts a rich cultural heritage, warm hospitality, unspoiled nature and attractive business environment. Although lesser known, Georgia is one of the best places to do business in the world. Over the last two decades, the country has become synonymous with successful reforms and rapid…
China, Turkey and Azerbaijan are Georgia’s top trading partners – China – $126.5 million, Turkey – $114.3 million and Azerbaijan – $ 86.2 million are Georgia’s top trading partners in total external trade turnover in January 2021. Last month Georgia’s top trading partners by exports were Azerbaijan – $34.4 million, Bulgaria – $27 million and…
USAID Economic Security Program in Georgia “USAID Economic Security Programme helps make sectors of Georgian economy attractive to foreign investors” – had been noted by Georgian Minister of Economy Mrs. Natia Turnava at the meeting with the USAID’s Economic Security Programme team. The Minister also underlined the tremendous support of the USAID by helping Georgia…
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Georgia Has become a member of WAIPA Georgia has become a member of the World Association of Investment Promotion Agencies WAIPA through the application of Invest in Georgia. The platform will be used to share experience and best practices in terms of attracting and promoting foreign direct investment into the country. The World Association of Investment Promotion Agencies is…
Cooperation between Georgian Government and World Bank – PM of Georgia Mr. Giorgi Gakharia hold a meeting with the Regional Director of the World Bank Mr. Sebastian Molineus. Both parties emphasize an effective and successful cooperation between Georgia and the World Bank in terms of action plan for vaccination, European integration, the most positive impact…
New-Generation Internet and Technology (5G) In Georgia Georgia and the US have signed a memorandum on the development of a new technology, namely #5G wireless communications networks. The memorandum reads that 5G will enable a vast array of new applications, including the provision of critical services to the public, which will benefit the citizens…