Swiss chocolate producer Camille Bloch enters Georgia
Camille Bloch will set up hazelnut plantations in Georgia that will be used for the company's famous chocolates. Photo: Camille Bloch.
Tweet 
Share
Swiss chocolate producer Camille Bloch has entered Georgia with the support of the country's investment attraction agency, Enterprise Georgia.
Camille Bloch will set up hazelnut plantations in Georgia that will be used for the company's famous chocolates.
The total cost of the project exceeds over $10 million and includes the development of hazelnut plantations on 650 hectares and the construction of a processing plant.
The first stage of the project will start in January 2021.
Despite the ongoing global challenges, we have managed to bring one of the largest international companies to Georgia. We are pleased that, the Swiss company expressed such confidence and after several years of cooperation, has decided to invest in Georgia", said the CEO of Enterprise Georgia, Mikheil Khidureli.
Camille Bloch has been in the chocolate business for 91 years.
The government of Georgia has announced a new state programme, FDI Grant, under the auspices of Enterprise Georgia which will promote the growth of foreign direct investments, the inflow of technologies and the creation of new jobs in Georgia, announces Enterprise Georgia agency.
From now on, about 150,000 companies in Georgia will be able to use automatic systems to claim their surplus VAT refund generated on the basis of VAT declaration, announces Georgian Prime Minister Giorgi Gakharia.
Georgia's Innovation and Technology Agency has announced a 100,000 GEL co-financing grant competition for the sixth time.
Swiss chocolate producer Camille Bloch will enter Georgia, announces the government of Georgia. Georgia will be the first destination of Camille Bloch’s foreign investment, says the government.
Finnish corporation Nokia has expressed an interest in entering the Georgian market, announces the Ministry of Economy of Georgia. Georgian Deputy Economy Ministers Genadi Arveladze and Irakli Nadareishvili met with regional Vice-President of Nokia Mikko Lavanti earlier today to discuss areas in which Nokia could invest in Georgia.
Swiss chocolate producer Camille Bloch, which made a 40 million GEL investment in the Kakheti region of Georgia and planted hazelnut orchards on 50 ha of land, expects its first hazelnut harvest by 2025. Hazelnuts harvested in Georgia will be used for Camille Bloch’s famous chocolates.