Georgian-Ukrainian Business Forum urges investors to boost cooperation
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Georgia has hosted a Georgian-Ukrainian Business Forum, seeking to attract more investments from Ukraine and deepen the bilateral cooperation.
Representatives of 120 Georgian and 34 Ukrainian companies attended the Business Forum, which aimed at establishing business ties between the business societies of the two country.
Georgia’s Prime Minister Giorgi Kvirikashvili, who also participated in the Forum together with Ukrainian President Petro Poroshenko, promoted business-friendly Georgia and informed foreign investors about opportunities offered by the country.
We, Georgia and Ukraine, face big challenges. Russia’s actions – the occupation of our countries and militarisation of its regions – has violated the balance and worsened the security environment in the South Caucasus and Black Sea region,” said Kvirikashvili.
I am sure, we will achieve de-occupation and unification of our countries thanks to the active and sustainable support of the international community,” he added.
Georgia’s Prime Minister Giorgi Kvirikashvili and Ukrainian President Petro Poroshenko opened the Georgian-Ukrainian Business Forum. Photo by the PM's press office.
Georgia and Ukraine are making important steps towards EU integration. We know this path is not easy and we will keep facing [these] challenges, but we also know how to overcome these challenges – by strengthening reforms, by sustainable development of the economy, by the strong protection of democratic values and, more importantly, by supporting each other,” Kvirikashvili said.
Trade turnover between Georgia and Ukraine reached $500 million in 2016, said the PM and added that "there is obvious chance of further developments in trade relations”.
On the other hand Ukraine’s President Poroshenko invited Georgian companies to do business in Ukraine.
50 companies operate in Georgia with Ukrainian capital, however the Foreign Direct Investments from Ukraine reached only $42 million in the first quarter of the year. Share of Georgian investments in Ukraine is much less and reach only $4.6 million. My friends, I am here to invite you to Ukraine,” said Poroshenko.
Within the Forum the company representatives had business-to-business (B2B) meetings to establish business communication.
Georgia’s Prime Minister Giorgi Kvirikashvili hosted Ukraine’s President Petro Poroshenko in the afternoon and discussed issues of common interests and existing challenges for the two countries with him.
Ukrainian President Petro Poroshenko, who arrived in Georgia late yesterday with his family and a delegation, told Georgia’s president Giorgi Margvelashvili today that he feels at home in Georgia. "The atmosphere here is friendly. Our countries are striving for freedom and democracy as we are victims of Russia’s violence,” Poroshenko stated.
Ukrainian President Petro Poroshenko has arrived in the Georgian capital of Tbilisi today with his family and a delegation composed of state figures and businesspeople.
Ukraine’s President Petro Poroshenko is visiting Georgia next Monday, on July 17, with his family and a delegation composed of state figures and businesspeople.
Ukraine’s President Petro Poroshenko visited the occupation line in Georgia’s eastern Khurvaleti village, located near the country’s occupied Tskhinvali (South Ossetia) region.Poroshenko viewed the area with Georgia’s President Giorgi Margvelashvili early in the morning and stressed the line was a "gap between past and future.”
Georgian and Ukrainian presidents have addressed participants of an investment forum in the Georgian seaside town of Batumi today.