Please check digest No 60

The Delegation of Ajara Government led by Levan Varshalomidze, the Chairman of Government pays an official visit to the USA, where they will attend an exhibition of world cruise infrastructure – "SEATRADE MIAMI 2011". In the bounds of the visit the Leader of Ajara held meetings with Jose Campos, Secretary General of "MedCruise" and Erkunt Oner, President of "Tura Turizm". The talks between the Autonomous Republic of Ajara and Miami Travel Companies were about future bilateral cooperation. The Delegation of Ajara Government will meet John Tercek, Vice – President of "Royal Caribbean Cruise", Simon Douwes, Director of "Holland America line", Elvira Leshenskaya, Director of "port of Odessa" and Olga k. Bronetskaya, General Director of "INFLOT" of Ukraine. The visit aims to attract investments in Batumi Port. Official visit will finish in 17 March.

The agreement between "Silk Road Group" and "Trump" Organization on construction of Trump-Tower in Batumi was signed in the company of famous multi-millionaire in New Your City. At the first stage the private investments of Donald Trump was defined in 250 Million USD and includes building of dwelling and hotel complexes in Tbilisi and Batumi. The construction will launch from Batumi and will continue in Tbilisi. Besides of hotel and dwelling apartments, casino and office spaces also will be placed in the complex.

Please check digest No 59

National Business Award “Mercury 2011” will be held in Georgia for the first time. Ministry of Economy and Sustainable Development came up with the initiative together with the National Investment Agency. The general sponsor of the event is “HSBC Bank Georgia.” The aim of the award is to highlight, promote and popularize Georgian business. Its aim is to encourage the emergence of new business initiatives, innovative ideas and the event should promote the expansion of the areal of these businesses based on the experience of other - well established businesses. “Mercury 2011” unifies small, medium as well as large businesses.

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The International Investors Association of Georgia held a meeting with the delegation of Ternopol, Ukraine, leading by Major of Ternopol Mr. Sergei Nadal. This delegation was composed of the members of Ternopol municipality, businessmen and media. Secretary General of the International Investors Association of Georgia Mr. Iason Tsertsvadze informed the visitors about activity of the Association and its member companies, investment environment in Georgia, free industrial and tourism zones, investment projects implemented in this region. The delegation got interested in building of hotel and restaurant “Ternopol” in Batumi coastal strip and invited representatives of the Association to Ternopol for the purpose of sharing experience and further  development of cooperation.

On 1 March, 2011, International Investors Association of Georgia became the member of World Federation of Investors Corporations. The World Federation of Investors Corporations (WFIC) http://www.wfic.org. Investors Associations of 30 countries are represented in the World Federation, (including the United States, Turkey, Sweden, Slovenia, Portugal, Poland, Norway, Netherlands, Lithuania, Japan, Italy,  China,  France,  Finland,  Denmark, Canada, Brazil,  Belgium,  Austria,  Australia). Georgia is the second post-soviet country after Lithuania which became the full member of World Federation of Investors Corporations.

Business Conference concerning Poti Free Industrial Zone was held in Mumbai on February 22. The event was attended by business circles of India. The event was organized by “Rakia Georgia” and Indian Chamber of Commerce. Ministers of Economy and Sustainable Development and Finance, Vera Kobalia and Kakha Baindurashili respectively, made a presentation for the Indian businessmen and answered their questions. During the conference, it was announced that the largest delegation of Indian business union- Association of the chambers of commerce, will visit Georgia. Representatives of leading Indian companies will be amongst the members of the delegation. The Georgian Government will continue its business negotiations with the Indian side during the visit.

Please check digest No 57