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Regional Diaspora Economic Forum PDF Print E-mail
Wednesday, 14 October 2015 11:21

The First Regional panel of the Diaspora Economic Forum – Diaspora Financial Inclusion and Revolutionary Innovations, started by the presentations of the foreign participating guests. Nina Matiashvili, Chief Adviser to the State Minister moderated the panel. Leon Isaac, Head of “Developing Markets Associates” made a presentation of emerging Diaspora revive markets in various countries. Constance Tzioumis, Director for Partnerships, Secretary’s office for Global Partnerships, US State Department spoke about development of public, private and partner organizations. Itsik Moshe, President of Israel-Georgia Chamber of Commerce made a presentation of Israeli experience and diaspora bonds. He drew parallels between Georgian and Hebrew Diasporas residing abroad, their attitude towards the motherland. The Chief Marketing Officer of “Homestrings” company Rubelyn Alcántara made a presentation on diaspora bonds and investment portfolios on the online basis. Ilyana Derilova, Head of Mission of the International Organization for Migration (IOM) in Georgia, closed the first panel. She talked about the growth of migration in the world and its role, as well as on diaspora investment vehicles focusing on the promotion in their homeland.  Secretary General of International Investors Association of Georgia Osman Chalishkan ( Mjavanadze)  made a Presentation on “Diaspora Investment Projects in Georgia”. The Office of the State Minister of Georgia for Diaspora Issues as the regional partner of the International Diaspora Engagement Alliance (IdEA) is holding the Diaspora Week. It aims to engage Georgian diaspora representatives in the ongoing processes and the challenges in Georgia. On October 13, at the exhibition center “Expo Georgia”, by opening the “Diaspora Economic Regional Forum” the Diaspora Week started. The Forum was addressed by the members of Georgian Government, Heads of the international organizations, as well as the newly appointed US Ambassador Extraordinary and Plenipotentiary H.E. Mr. Ian Kelly. The Forum aims presenting the new diaspora intellectual and financial service programs by partner organizations, as well as sharing of the diaspora investment projects by the Business Councils and Chambers of Commerce abroad, the innovative development of mechanisms for strengthening the diaspora investments in the region, engaging the diaspora for active participation in the processes at homeland, unite the people around the common goals and needs.

 
Next weekly economic digest is released… PDF Print E-mail
Sunday, 11 October 2015 13:11

Please check digest No 296

 
Next weekly economic digest is released… PDF Print E-mail
Sunday, 04 October 2015 15:48

Please check digest No 295

 
Sewing room is opened in “Tana” PDF Print E-mail
Friday, 02 October 2015 11:27

Sewing room was opened in the rehabilitation center “Tana”. In the frames of health care program, professional tailors together with teachers of the center will study handiworks to lonely mothers during 10-15 days. The program is implementing by Ajara Health Care Ministry and Georgian International Investors Association. Rehabilitation center for persons with disabilities “Tana“   was given 5 sewing machine by Initiative of BTM Textile which is member company of Association.  Repair-rehabilitation works and full equipping of the center of persons with disabilities started in 2013 year by Tbilisi coordination office of “TIKA” by Initiative of IIA and on the basis of appeal of Ajara Health Care Ministry. The building of the center has been transferred by Ajara government to “Tana” for free 10 years usage. At the given stage 150 persons will get inclusive education and skill which necessary for employment.

 
Next weekly economic digest is released… PDF Print E-mail
Sunday, 27 September 2015 14:01

Please check digest No 294

 
Next weekly economic digest is released… PDF Print E-mail
Sunday, 20 September 2015 09:26

Please check digest No 293

 
Economic Policy Advocacy Coalition (EPAC) facilitated by USAID Governing for Growth (G4G) in Georgia founded on 15 September, 2015 PDF Print E-mail
Tuesday, 15 September 2015 09:55

Tbilisi, September 15, 2015, 13:00 pm. A Memorandum of Cooperation between members of the Economic Policy Advocacy Coalition was held at Tbilisi Museum of Modern Art – MOMA, 27 Rustaveli Ave.  Facilitated by USAID G4G, the EPAC is promoting business enabling environment through a constructive dialogue between the public and private sectors. The goal of EPAC is to identify common objectives and initiate policy reforms which will meet Georgia’s civil society needs, requirements and challenges.    Thirty-three key civil society institutions consisting of business associations, chambers of commerce, and think-tanks working on strategic economic and business issues are members of the coalition. International Investors Association of Georgia is also a Member of the Coalition.  Attended  included Ms. Irma Kavtaradze, Deputy Minister of Economy and Sustainable Development and Mr. LashaKhutsishvili, Deputy Minister of Finance. About USAID in Georgia: During the past 23years, the American people, through USAID, have invested over $1.5 billion in Georgia. USAID projects are designed to support Georgia’s transition to a free and prosperous democracy and include initiatives to accelerate economic growth, develop democratic institutions, and improve health and education. USAID provides economic and humanitarian assistance in more than 100 countries.  For more information, please visit http://georgia.usaid.gov. About G4G: G4G is a 5-year $19.3 million project funded by United States Agency for International Development (USAID) and implemented by Deloitte Consulting LLP. G4G aims to support the Georgian government to create a better business enabling environment in which legal and regulatory reforms are fairly and transparently conceived, implemented and enforced through consultative process.

 
Dimitry Kumsishvili at International Investment Forum - Batumi 2015 PDF Print E-mail
Tuesday, 15 September 2015 09:47

International Investment Forum - Batumi 2015 has launched in Batumi. Over 250 representatives of investors from 15 states participate in the Forum. International Investors Association and its member companies’ representatives also attended at the International Investment Forum- “Batumi 2015. Minister of Economy and Sustainable Development Dimitry Kumsishvili welcomed the Forum participants and expressed gratefulness to the organizers of Batumi 2015 for holding such a large-scale event. Special thanks were addressed to the supporters of the Forum, the European Bank for Reconstruction and Development and its representative to Georgia – Bruno Balvanera and investment organizations operation in Georgia including Partnership and Co-investment Funds.  According to the Minister, in the terms of tourism, Adjara is the region of one of the prime interests and requires special the development of the investment projects and therefore, attraction of the investors.   Dimitri Kumsishvili stressed on the importance of the Investment Forum in Batumi – “We find any forum of outmost importance. At this Forum we shall offer interested investors the instruments we have in the country on this field. Issues related to the access to finance and the potential capacity of Adjara as well as the whole country shall also be discussed in details”.  Dimitry Kumsishvili discussed current business environment in Georgia and positive trend in this direction at the meeting with the investors. Namely, Georgia was ranked 15th place within 189 states in doing business while international rating agency Moody's Investors Service changed the status of sovereign rating of Georgia from stable to positive. As the Minister stated, despite external challenges, in 2014 Georgia’s economic growth was estimated as 4.7%. Georgian Government expects at least 2% growth of this indicator in 2015.  Dimitry Kumsishvili paid special attention to the volume of the direct investments. According to the data of the first two quarters of 2015 foreign direct investment amounted to 530 million US dollars, which is 5% higher than the same indicators in the previous year. The transportation, communication, finance and industry sectors have the largest contribution in those indicators.  The Minister also stresses on the growing number of international travels. In particular, according the data of 8 months, in 2015 almost 4 000 000 visitors visited Georgia and this number is 6% greater than the same indicator last year.  Investors participating in the Forum became especially interested in the government’s initiative aiming to support private entrepreneurs in different ways. The Minister noted a new initiative targeting on assisting hotel-development in the regions.  Minister of Economy and Sustainable Development also discussed the importance of the upcoming forums to be held in Georgia. Silk Road Forum that shall take place in Tbilisi on 15-16 October and will host about 600 participants from different countries was particularly stressed by the Minister.  Chairman of Adjara Government Archil Khabadze, Minister of Economy and Finance of Adjara A.R. Davit Baladze and the Director of Georgian National Investment Agency Giorgi Pertaia also addressed the Forum participant with welcoming speeches.

 
Next weekly economic digest is released… PDF Print E-mail
Sunday, 13 September 2015 14:54

Please check digest No 292

 
Next weekly economic digest is released… PDF Print E-mail
Sunday, 06 September 2015 14:16

Please check digest No 291

 
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