Issue 6, 2017. December-January

 

INVESTMENT NEWS

Investor.ge provides a brief update on investments and changes in government policy that could impact the business environment. The information in this issue was taken from agenda.ge, a government supported website, and other sources.
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GEORGIA RANKED 9TH IN ANNUAL DOING BUSINESS REPORT

Georgia has been named the ninth country in the world for ease of doing business, according to the World Bank Group's annual Doing Business Report.
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GOVERNMENT REDUCES MINISTRIES, STRENGTHENS ECONOMY MINISTRY

Structural reforms announced by Georgian Prime Minister Giorgi Kvirikashvili will expand the portfolio of the country's Ministry of Economy and Sustainable Development of Georgia and shutter the Ministry of Environment and Natural Resources Protection of Georgia as well as the Ministry of Sport and Youth Affairs of Georgia.
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GEORGIAN GOVERNMENT UNVEILS NEW PENSION PLAN

The Georgian economy ministry presented the government's plans to change the country's pension system on 31 October. The new plan calls for creating a pension fund and establishing a second type of pension, known as an accumulated pension.
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GEORGIA TAKES CHAIR AT INTERNATIONAL OPEN GOVERNMENT ORGANIZATION

Tbilisi will hold the chair for one year. The country has been praised for its steps toward public accountability although transparency and data experts caution that more work is necessary.
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GEORGIA HOPES NEW RAILWAY WILL BRING ECONOMIC GROWTH

The long-anticipated Baku-Tbilisi-Kars railway is now up and running. Georgian officials believe the new route will be a boost to the economy in terms of transit cargo, tourism and employment.
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INVESTMENT CLIMATE ATTRACTING INDIANS TO GEORGIA

Indian investors are increasingly opening restaurants, shops and financing films in Georgia.
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FROM WILD HERBS TO PET FURNITURE: A LOOK AT GEORGIA'S WIDENING EXPORT MARKET

The triad of famous Georgian exports-wine, mineral water, and nuts-is well known. But since 2014, that list has been slowly expanding, and now includes a wide variety of products: everything from blackberries and medicinal herbs to cat toys and anchovies. Investor.ge spoke with three entrepreneurs who are finding new markets for the "Made in Georgia" label and the government agency supporting their efforts.
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CREATING A BIOMASS INDUSTRY: EFFORTS TO CREATE A CLEANER FUEL

Biomass is moving up on Georgia's official list of energy priorities and Georgia's embryonic biomass sector is hoping that now the time is right to get funding and start working.
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HISTORY, DOWNLOADED: A NEW APP BRINGS INSIGHT TO GEORGIA'S TOURISM SITES

Niki Getsadze is bringing Georgian history to tourists one download at a time through his Audio Guide Georgia app. He spoke with Investor.ge about what tourists lack in the country and how new, Georgian-designed apps can fill the gap.
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GEORGIAN WINE EXPERIMENTS TO BEAT THE COLD

Wine lovers eager for a warm drink are pushing Georgian wineries and winemakers to adapt mulled wine recipes for local grapes.
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SNOW, SUN AND SKIING: A GUIDE TO GEORGIA'S WINTER RESORTS

Georgia may have built its tourism industry as a sunny getaway to Batumi and its Black Sea beaches, but the country is equally inviting for winter travel.
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THE NEW SILK ROAD: THE US NEEDS A FREE TRADE DEAL WITH GEORGIA

Investor.ge is reprinting AmCham Georgia President Michael Cowgill's editorial, which was originally published in The Hill on October 28.
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AMCHAM GOES TO WASHINGTON

At the end of October/early November, an AmCham delegation visited Washington, DC to meet with US government officials, legislators from the House and Senate, and foreign policy experts. The delegation included AmCham Georgia President Michael Cowgill; First Vice President Sarah Williamson; BP Country Director, Chris Schleuter; San Diego State University Georgia Dean Ken Walsh; and AmCham Georgia Executive Director George Welton.
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