Partnership Fund, Georgian Chamber of Commerce open joint office in China
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A joint representation of a state-owned shareholding company Partnership Fund (PF) and a Georgian Chamber of Commerce and Industry (GCCI) has been opened in the Chinese city of Guangzhou.
The representation office will aim to attract more investments from China, support implementation of joint projects and to boost Georgia-China trade relations.
Furthermore, the office will promote Georgia’s investment environment and opportunities in China.
The need to open a representation in China once again proves that there is growing interest of Chinese investors towards Georgia. The joint centre will work with double energy to attract investments and strategic projects in Georgia,” said head of the PF Davit Saganelidze.
The director of the joint centre will be Tamar Namoradze from the PF side. As for the GCCI, their candidate for the director position will be announced later.
Georgia’s capital of Tbilisi has hosted a Georgia-China Business Forum today where around 80 Chinese businessmen were represented.
The Government of China has gifted a new combined mobile container/transport inspection system to Georgia.
A major celebration marking the Georgia-China Friendship Day and 25 years since the establishment of diplomatic relations between the two countries has taken place in the centre of Tbilisi today.
Georgia is participating at one of the largest investment and commercial exhibitions in China as a special guest.
The second Silk Road Forum continues in Tbilisi, giving opportunity to the participants to establish cooperation and sign various deals.
Free Trade Agreement between Georgia and China has come into play on January 1, 2018, making Georgia the first country in the region to have such a deal with China.
State-owned Chinese export and credit insurance company Sinosure is ready to expand its relationship with Georgia and support Chinese investments in Georgia, the company said while meeting with the Georgian Partnership Fund yesterday.
Georgia’s state-owned investment fund known as the Partnership Fund since 2011 will change its name into the Georgian Development Fund and turn into a more modern structure, Economy Minister Natia Turnava has announced.
Georgian Prime Minister Irakli Garibashvili on Monday said the Partnership Fund, one of the largest state-owned financial institutions in the country, “has been contributing significantly” to the development of Georgia’s economy for more than a decade by attracting investments and introducing new technologies.
Besik Bugianishvili, the Executive Director of the Development Fund of Georgia, on Thursday said his office had started working with international development banks and foundations to raise capital and implement a new investment strategy.