Turkish investors show interest in Georgia’s Adjara region
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Turkish investors are showing an interest in Georgia’s western Adjara region.
About a dozen investors are in Georgia to learn more about the country’s investment climate, with a particular focus on the Adjara region.
Today Georgia’s Minister of Finance Nodar Khaduri met the Turkish guests and learnt more about their investment ideas, which would contribute to the development of the economy and infrastructure.
One of the projects was building a new hotel in the Adjara region, the Finance Ministry’s media office told Agenda.ge.
In return, Khaduri told the foreign investors about Georgia’s tax legislation and the investment potential of Adjara and the entire country.
The Finance Minister assured the Turkish investors that Georgia had a truly fair, transparent and secure investment environment.
Meanwhile, Foreign Direct Investments from Turkey to Georgia exceeded $67 million USD in 2014.
As for external trade, the value of Georgia’s export to Turkey reached more than $40 million USD in January-March 2015. Furthermore, the sum of Georgia’s imports from Turkey exceeded $320 million USD in the same period.
Georgia’s Prime Minister is calling on Turkish businessmen to invest in Georgia and has assured them Georgia has a truly fair, transparent and secure investing environment.
A Turkish company dominant in the textile sector has announced its plans to invest in Georgia.
Georgia’s reputation as an investment friendly country is becoming more apparent.
Neighbouring countries Georgia and Turkey are further strengthening their economic ties and deepening relations to enjoy better trade, investment and services.
Former Georgian minister of finance Nodar Khaduri, who was the first to hold the position under the current Georgian Dream leadership back in 2012, has passed away at age 49.