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As time passes, more Iranians migrate to Georgia and relations between Georgia and Iran become stronger. Georgia's Minister of Economy Dmitry Kamisevili made a short (one-day) trip to Iran in May this year to boost ties and seek Iranian investors in Georgia.

During his brief stay, Kommishvili met with Iranian Foreign Minister Mohammad Javad Zarif and spoke about Georgia's support for Iranian investment companies. In addition, Kommishvili spoke with the Minister of Economy and Finance of Iran, Massoud Karbassin, about the situation in Georgia and its economic progress. There is a wide range of economic opportunities in Georgia for Iranian companies. He further noted that relations between Iran and Georgia have been growing steadily and positively.

In addition, the profitability of investing in Georgia for investors can be demonstrated by the increasing number of Iranians residing in Georgia. Kommishvili reiterated that the Georgian market is new and developing. It wants to make a name for itself in the international market. Cooperation and providing investment opportunities for Iran is one of the ways to enhance the relations between the two countries and, of course, strengthen Georgia's presence in the world economy market.

Source:
http://georgiatoday.ge

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According to Geostat, the main investor in IDS is Borjomi Georgia, Magticom, Energo Pro Georgia, TAV Georgia and Metro Avrasia Georgia (Metro).
The company specializes in renting commercial spaces, development companies and freight stations.

List of Top Ten Investor Companies Including: Georgia Branch ENKA şanşaat ve Sanayi A.Ş. (Oil Pipelines & Construction Pipelines), BGEO Group, LLC Rustavi Azot, BP Group and Old Town Development Company, which owns the Tbilisi Panorama Project.

It should be noted that only two major investors entered Georgia under the auspices of the Georgian Dream Party - the Georgia branch ENKA İnşaat ve Sanayi A.Ş. And the development of the old city. Both companies were registered in 2014.

Foreign direct investment flow in 2016 reached $ 645 billion, according to Joostat.

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Georgia-Azerbaijan strategic partnership, joint regional projects and the development of economic cooperation between the two countries were key issues discussed at the meeting of Georgian Prime Minister Georgi Kvirikashvili and Azerbaijani Economy Minister Shirin Mustafa.

The two met on March 6 at the Georgian government building in Tbilisi, where the prime minister said Georgia's strategic cooperation with Azerbaijan was of great importance and that cooperation was very important for Georgia.

The two sides positively assessed the annual turnover between the two countries. The positive trend in the development of cooperation in the tourism sector was also highlighted, which resulted in a significant increase in the number of Azeri tourists in Georgia.

At a meeting of Azerbaijani and Georgian representatives, Shahin Mustafaov stressed that increasing the volume of cargo transportation via Baku-Tbilisi-Kars (BTK) is very important.

The main goal is to increase the volume of freight transport via the Baku-Tbilisi-Kars railway and to explore ways to make effective use of the opportunities available. Much attention should be paid to the development of passenger transport through BTK, which creates wide opportunities for tourism.

"Thanks to our joint efforts, we will reach our goal," Mustafaov told the Azerbaijani media.

The Azerbaijani delegation also met with Georgian First Deputy Prime Minister and Minister of Economy and Sustainable Development Dmitry Qomishishli and Interior Minister Georgi Gakhari.

The parties also noted that the BTK railway as well as other projects will play an important role in the development of the South Caucasus, but also for the development of Europe, the European Union and Asia.

It turned out that the volume of trade between Azerbaijan and Georgia increased by 17% in 2017 and exports to Georgia increased by 13%.

The Azerbaijani delegation includes senior officials from the Ministries of Economy and Finance, the State Oil Fund, the Azerbaijan CJSC Railways, the CJSC Baku International Trade Port and the CJSC Marine Caspian Sea of ​​Azerbaijan.

 

By Thea Morrison

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The lari is one of the most stable currencies in the region. - Minister of Finance Mamuka Bakhtadze told Bloomberg when speaking about the fluctuations of the national currency in 2107:

 

"Of course, national currency fluctuations are one of our biggest economic challenges, partly due to the high dollar rate. We have a comprehensive, long-term plan to address that challenge. Currency in our region, you will find the lari one of the most sustainable Currencies are in the region. We expect the fluctuations to be significantly lower, given the policy, which helps lower the dollar's level in the economy. "

The finance minister also discussed Georgia's vision, relations with other countries and future trade under Bloomberg's supervision. He also talked about working with the United States, saying that Georgia has become a distinct country in the region.

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According to the German Embassy in Georgia, in January alone, 700 Georgian citizens applied for asylum in Germany, almost 100% of whom were rejected.

In addition, the embassy said a number of Georgian citizens seeking asylum are on the rise.

"Germany, as a close friend and friend of Georgia for decades, for Georgian citizens in March 2017, has strengthened visa-free travel, cultural, economic and public relations between Germany and Georgia. For several months, the number of Georgian citizens requesting Asylum application in Germany increased, though most applications were rejected, the number of asylum seekers tripled, 700 Georgian citizens applied for asylum in Germany in January alone, and almost 100% refused. A similar situation has been observed in other EU countries.

 

A significant increase in the number of people illegally residing in Germany or applying for asylum directly raises concerns for the German federal government, so it needs to respond quickly and effectively. In addition, irrespective of the actions taken at national and EU level, you will be given special importance in working with the Georgian government to substantially reduce the abuse of visa-free travel. That is why Germany wants to expand its close cooperation on accession issues with Georgia. In addition, Germany bans entry into the Schengen area for those who are denied asylum.

 

"Fast and sustained changes are needed to strengthen the visa-free regime," the German embassy said.

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Tuesday, 06 March 2018 13:10

Business Representation Meeting at BIA

Construction and business development business representatives held a regular meeting held by the Business Intelligence Agency in Tbilisi under the banner B-Talks under the name "Challenges of Construction and Corporate Vision".

The beautiful venue of the Holiday Inn was the venue and more than 100 representatives of different companies attended. Discussions included major market developments, construction statistics, surveillance information, and future market prospects. The delegates had an opportunity to exchange views, communicate with industry experts, as well as on the dynamics of key markets in Georgia.

 

These discussions included experts from the Bureau of Municipal Planning and regulatory authorities, both of which are essential for business firms. The BIA session provides a first-hand information exchange between regulators and manufacturers to synchronize their workflow to prevent future conflicts. Tbilisi's main program, Urban Planning Regulations, was at the center of the negotiations. In addition to insisting on questions about permits, securities and planning restrictions, businesses are given a glimpse into the city's planning ideas from the government.

 

The purpose of the B-Talks and BIA suites is to create the necessary coordination for a constructive and collaborative business strategy between the public and private sectors focusing on combining both players in one room. BIA has been a pioneer in the Georgian business environment that has created an information exchange space and networking opportunities.

 

The first B-Talks were held Feb. 2, which focused on the transportation industry and hosted more than 70 delegates throughout the year. The BIA plans to offer additional events, including transportation and construction, to the healthcare sector.

 

BIA is a leader in providing information and data for Georgian companies, analyzing and disseminating statistics on companies and sectors of the industry.

 

 

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Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Dmitry Kommishvili hosted the representatives of the Parliament of the Republic of Korea attending an official visit to Georgia.

The two sides discussed issues related to the deepening of economic cooperation between the two countries and about opportunities that Korea and Georgia have in trade, tourism, energy and other fields, including the construction of hydropower plants and related infrastructure. The field spoke.

One of the major issues in the energy sector was that Korea was interested in investing in Georgia.

One of the most significant projects in the sector, jointly run by the Georgian Venture Fund and the Korean company K-Water, was found to be the HPP Nenskra project in the Swanithi area, built on the Anguri River and worth the total investment. That's $ 1 billion.

The Minister briefed the guests on the economic reforms undertaken by the Georgian government in promoting business and attracting new investment.

Kommishvili noted that it is important for Georgia to have free trade agreements with different countries, which will increase international investors' interest in implementing important projects in the Georgian economy.

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