"We have launched new reform package to create more favourable business environment" - Georgian PM at Tbilisi Silk Road Forum
29 November, 2017
"We have launched new reform package to create  more favourable business environment" - Georgian PM at Tbilisi Silk Road Forum
Tbilisi Silk Road Forum was opened yesterday. The forum was held under the patronage of Prime Minister of Georgia Giorgi Kvirikashvili. The 2017 Forum is a continuation of the Tbilisi Silk Forum 2015 and represents a platform for bilateral and multilateral meetings between states, organizations and businesses. 34 official delegations, up to 2000 delegates from more than 60 countries are attending the Forum.

"For the balanced development, it is necessary
to mitigate trade barriers and facilitate less developed countries export to reduce trade imbalance, - Prime Minister Giorgi Kvirikashvili stated at the Tbilisi Silk Road Forum.
geotv.ge
“As the synergy suggests, our approach should be based on the win-win principles, when the advantages of the member countries will supplement each other for advanced global development. For the balanced development, it is necessary to mitigate trade barriers and facilitate less developed countries export to reduce trade imbalance. I hope, that in spite of the political challenges the region is facing, we are able to work together in a pragmatic manner without harming fundamental rights of the partners.
geotv.ge
Georgia’s European and Euro-Atlantic integration has been identified as a main priority for the Government of Georgia. It is noteworthy, that Georgia remains one of the strongest allies of the EU in the region and a key security partner, which is confirmed by the EU Global Foreign and Security Strategy. The aim of the Government of Georgia is to have development strategy, which serves not only the own, but also the regional as well as global goals”, said the PM.

The First Deputy Prime Minister, Minister of Economy and Sustainable Development Dimitri Kumsishvili called on the investors attending the Tbilisi Silk Road Forum to invest in Georgia. As Kumsishvili noted, it's easy to start business in Georgia.
geotv.ge
"Our indicator has been increased in the Moody rating, which means that more will be invested in our country. We ranked 9th in terms of doing business, 13th - in terms of investments and 9th - in terms of taxation of private sector. All this means that it's easy to start business in Georgia. One can open a company in one day and a bank account in 40 minutes. This means that you need less time and less money. We welcome and invite you to Georgia", - said Kumsishvili.

The First Deputy Prime Minister also talked about the ongoing reforms and said they would definitely help the country develop.

“We are implementing a lot of reforms. I want to divide these reforms in two parts. The first part of the reforms promotes savings, which is very important for our country. The second part promotes industry in the country. We believe that these reforms will certainly contribute the country's sustainable development," Kumsishvili said.

geotv.ge

"Socially, Georgia is a very stable country; it has an effective government, favorable tax policy and good investment environment," - said Lu Jianzhong, Chairman of the Silk Road Chamber of International Commerce, in his speech at Tbilisi Silk Road Forum. According to him, Georgia has great importance for the development of Silk Road.

"Georgia is a very beautiful country, full of life. It has great importance for the development of Silk Road. Georgia has a very rich and ancient history and it has strategical geographical location. It is located at the crossroad of Europe and Asia and is a gateway that unites these continents with each other. It is the shortest and most convenient route between Europe and Asia. Socially, Georgia is a very stable country; it has an effective government, favorable tax policy and good investment environment. It is a very good place for business and investment. The government of Georgia has a very good plan of development - Georgia 2020, which aims to turn the country into a transit hub and logistic center. This strategy responds very well to China's One Belt, One Road initiative. I am convinced that with joint efforts, Georgia and China will succeed," Lu Jianzhong said.

geotv.ge

He said that Georgia is the first Eurasian country to sign a free trade agreement with China.

"It was a good example for everyone. Georgia and China are implementing the Poti Free Industrial Zone Project," said the Chairman of the Chamber of Commerce.

According to him, the practice demonstrated that Georgia's strategic development very well responds to the initiative of One Belt, One Road initiative.

"It promotes joint development of regional countries and is a very good platform for everyone," Lu Jianzhong said.

Related stories:

We are signing important agreement with China – Economic Minister

It will be great honor for Georgia to contribute to deepening links among continents – Georgian PM

It will be great honor for Georgia to contribute to deepening links among continents – Georgian PM
Print
Other Stories
The World Digital Mining Summit to be held in Georgia
The summit is scheduled to take place between 21st-23rd September in the Hualing Hotel, Tbilisi, Georgia.
Galt and Taggart - Tourism Boom Continues in Georgia
Tourism has become one of the key drivers for the Georgian economy. Galt and Taggart has recently published research about the Georgian tourism sector in the first half of 2018.
"The worst dream for Putin is that Russians want to live in Georgia"
This year, visitors to the Adjara region would notice that there is a boom in construction in and around Batumi.
Underground gas storage facility to be built in Georgia
KfW, a German government-owned development bank signed a EUR 150 million promotional loan with the state-owned Georgian Oil and Gas Corporation (GOGC) for the construction of the first underground gas storage facility in Georgia.
New gambling rules for Georgia
Georgian lawmakers are preparing a new draft law relating to online-casinos and gambling that will seek to curb gambling addiction in Georgia.
How expensive is it to visit Georgia?
The Georgian Lari (GEL) is the official currency of Georgia and is the only legal means of payment in the entire territory of Georgia.
Trade with the EU and the Commonwealth of Independent States (CIS) has grown significantly
Trade with the EU and the CIS has grown by 26% and 33.5 % respectively, says GeoStat, the Georgian National Statistics Office.
The unemployment rate decreases in Georgia
The unemployment rate decreased in Georgia by 1,9% and amounted to 12.1% in the 2nd quarter of 2018 compared with the previous quarter,
Memorandum of Understanding to be signed between Georgia and Malaysia
According to the Georgian Ambassador to Malaysia Nikoloz Apkhazava, Georgia plans to sign a Memorandum of Understanding (MoU) with Malaysia.
“Blauenstein Georgia” due to expand in Georgia
“Blauenstein Georgia” is planning to open more shops in Georgia. It is an agriculture company that sells meat products, meat and convenience food.
The amount of Direct Foreign Investment rises in Georgia
According to the information of the National Statistics Office of Georgia, the amount of direct foreign investment in Georgia has risen
It’s going to get  harder for foreigners to get residence permit in Georgia
It’s going to get harder for foreigners to get permit of residence in Georgia.
Mziuri Park in Tbilisi to be renovated soon
It was the dream of prominent Georgian writer Nodar Dumbadze that when the original Mziuri park was constructed and opened in 1892 that it should be a park for children,
Winemakers to produce Kvanchkara in its place of origin - Racha
Khvanchakara is a semi-sweet Georgian red wine which originates from Racha, in the western part of Georgia. Kvanchkara is made of two types of grape Mujuretuli and Aleksandrouli.
The level of Georgian wine and Chacha exported has increased
The National Wine Agency of Georgia has recently published statistical information about the level of Georgian wine and Chacha exported between January and July, 2018.
New fire engines to be Manufactured in Georgia
The Acting Head of the Emergency Management Agency Shalva Khutsishvili said that the old Zili fire engines (which were made in the USSR) will be phased out and replaced with new ones, manufactured in Georgia.
Georgia witnesses a record number of tourists
The Georgian National Tourism Administration publishes statistical information about international visits to Georgia.
Canadian businessman plans to build a hotel in Bakhmaro
Canadian businessman Vadim Malishev plans to build a hotel in Bakhmaro resort, Guria, in the western part of Georgia.
Coffee Factory will open in Tbilisi in October
The first coffee factory (which will be located on the Kakheti highway) in Tbilisi will open in October.
Places in Georgia where real estate is the most expensive
The real estate market in Georgia is growing annually. In Tbilisi as well as other regions of Georgia new developments are increasingly taking place.
How much does a vacation cost in Tbilisi?
It is the middle of summer and those who have not yet taken a vacation are looking for an appropriate place for sure!
The price for extreme sports in Georgia
Georgia offers a variety of options to extreme sport lovers.
The number of Georgians who own property abroad increases
The number of foreign properties owned by Georgians is increasing.
How much does Taxi cost in Tbilisi?
Stories how Taxi drivers try to deceive passengers and charge them with more money than they should pay are known for everybody all over the world.
What are the highest paid areas in Georgia
According to the data collected by the National Statistics Office of Georgia in the first quarter of 2018 the highest paid jobs in Georgia are found in the financial and insurance fields.
PHOTO OF THE DAY
Exchange Rates
GEL Exchange Rate
Convertor
24.09.2018
25.09.2018
USD
1
USD
2.6216
2.6226
EUR
1
EUR
3.0854
3.0868
GBP
1
GBP
3.4584
3.4416
RUB
100
RUB
3.9340
3.9814
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
USD
1
USD
2.6226
EUR
1
EUR
3.0868
GBP
1
GBP
3.4416
RUB
100
RUB
3.9814