Press & Information

New Law for Foreigners Wanting to Purchase Agricultural Land in Georgia
12 February 2015
The Georgian Ministries of Justice, Economy and Sustainable Development have proposed a new model of regulations connected to the purchase of agricultural land by foreigners.  The Ministry of Justice says that the new model will bolster the national interest of Georgia as well as protect the rights of foreign investors. The initiators assume the decision serves to make Georgia attractive for foreign investments...
Rixos Opening in Tbilisi Postponed until 2016
09 February 2015
"Rixos" opening in Tbilisi has been postponed for 2016.According to President of the Israel -Georgia Chamber ofBusiness (IGCB), due to the museum district, a greatimportance is paid to the facade materials. Itsik Moshe says more than 10 facade stones have been tested. Experts from Israel will arrive in Georgia in the coming days to discuss once again the facade stones issue along with the Georgian experts...
Foreign Companies Ready to Bring Renewable Energy to Georgia
09 February 2015
The FINANCIAL -- The positive impact it will have on global climate change and energy diversification are the main reasons why Georgia should switch to the implementation of renewable energy. Over 15% of Azerbaijani energy is already made up by alternative power; Armenia is also actively practicing it. The existing gap in this field in Georgia is encouraging foreign companies that operate in renewable energy to test the Georgian market. The 2nd Annual South Caucasus Infrastructure & New Energy Investment Summit organized by Euroconvention Global was held in Georgia last week. The FINANCIAL participated as the main media partner of the event. “After the success of the Summit’s pilot event in 2014 we were obliged to step up to meet the expectations of the one in 2015. We at Euroconvention Global rarely repeat events on an annual basis unless the host countries are among the most dynamically developed regions of the world. We pay great attention to the economic and political development and importance of the hosting countries and therefore the decision to repeat the South Caucasus Infrastructure & New Energy Investment Summit came very easily to us. This year we tried to hold discussions from a more global perspective. We pointed out the growing importance that the South Caucasus countries are gaining on the transportation map. We spoke about transcontinental energy corridors...
Georgian Wine Growing in Popularity in Europe
05 February 2015
After being exhibited at two exhibitions in France, Georgia wine-making companies will partake in another two exhibitions: Vini Naturali and Boston Wine Expo 2015. Georgia will be one of 82 countries to represent natural wines at the exhibitions. Vini Naturali will be held in Rome on February 14-15. The first Vini Naturali wine exhibition was held seven years ago...
The demand on Georgia’s ports has increased… Container transportation has increased significantly in recent years.
02 February 2015
On 29 November 2014, Prime Minister of Georgia, Irakli Gharibashvili, gave a speech at the International Investment Forum and introduced Georgia’s economic potential to the delegates. Mr Gharibashvili spoke about various economic and infrastructural projects in the framework of the Forum. He noted Georgia’s transport potential as well and highlighted that the demand on Georgia’s ports has significantly increased. More precisely...
Construction of Baku-Tbilisi-Kars Railway to be Finished by the End of 2015
26 January 2015
Georgia plans to establish more than ten large-scale projects in 2015. The country currently relies on its neighbouring countries as its main donors of FDI. Meanwhile there will be an inevitable impact of the ongoing crisis in the region on Georgia. Having aEuropean political system and institutions in placeis the main strategy of the Georgian Government for neutralizing these foreign risks. “We are going to implement several huge projects thisyear. Artificial lakes will be constructed together with a biathlon track in line with ski resorts. Together with private investors the Government will be developingthe Kokhta-Mitarbi Alpine village. The introduction of artificial snowwill be carried out in Svaneti. This requires advance and accurate study and will start in 2015. Investment from the state will be provided for summer attractions as well. The selection process atAnakliaPort will be completed this year. The selected investors will then begin work from the spring or summer of 2016. Works on the Baku-Tbilisi-Kars railway will continue. The main works are to be completed by the end of 2015.The remaining large-scale projects will be in infrastructure. Competitions will be announced for the construction of a controlled-access highway at Rikoti Pass. It will be a shared project between the Government and private sector. Feasibility of the Mleta-Kobi tunnel will also be announced. And there will be additional projects in the tourism and public transportation directions...
Euroconvention Global: “Georgia has the Unique Possibility to Benefit from the Disagreements Between its Neighbours”
19 January 2015
The FINANCIAL -- “Georgia has the unique possibility to benefit from the disagreements between its neighbours and to establish itself as a regional hub and oasis of stable economic and political environment. This can only add to the geographical attractiveness of the country and attract more foreign capital and business interests...
South-South Asia-Pacific Finance Center Looking For The Opportunities In Georgia
12 January 2015
The FINANCIAL -- The South-South Asia-Pacific Finance Center is looking for potential projects that may involve investments in Georgia. Its first and the possible partner can be Rustavi Steel. The negotiations between the sides have already started. The representatives of South-South Asia-Pacific Finance Center believe that there are lots of opportunities in Georgia and they have positive feelings about the country's economical development. “We are meeting with the representatives of Georgian government to catch their views about the foreign investments and cooperation...
The New Year Charm of Georgia’s Winter Resorts
08 January 2015
Georgia’s active winter resorts of Bakuriani, Gudauri and Mestia are hosting more and more visitors every year. Their geographically favorable location, numerous peaks and mountains of the Caucasus leave unforgettable impressions on those who visit Georgia’s ski resorts. Georgia is among the small number of countries where it is officially allowed to ski from a high mountain on non-pressed snow. Those of a less extreme persuasion can conquer ski routes of different difficulty levels with quads or sledges instead...
The Georgian Holidays: What You Need to Know
25 December 2014
The long-awaited holidays are just around the corner with a sackful of new experiences, plans and surprises for us all. If you are familiar with Georgian culture, it will be no surprise to hear that the Georgians can- and do- turn any holiday celebration into a feast...