Georgian PM, Gov’t Economic Council discuss foreign direct investments in country in Q3 2022
The discussion also touched on the ongoing process of citrus harvest in the western Adjara region and it was noted that this year’s harvest was expected to hit about 45,000 tonnes, adding that more than 20 citrus receiving-processing enterprises would receive export tangerines and the citrus cannery in Kobuleti would receive an unlimited amount of non-standard tangerines. Photo: Government Administration
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Georgian Prime Minister Irakli Garibashvili and members of the Government's Economic Council met on Saturday to review the indicators of foreign direct investments in the country, which totalled $745.3 million in the third quarter of 2022, doubling from the adjusted data of Q3 2021.
The Council discussed the ongoing and planned large infrastructural projects in Georgia, including the development of ports, airports and logistics infrastructure, as well as current and planned energy projects in the country, which include the construction of thermal power plants equipped with high-efficiency and environmental protection technology to increase the country’s energy independence, the Government Administration said.
Special attention was paid to the ongoing processes in tourism, including the readiness of the appropriate infrastructure for the winter tourist season, with Garibashvili briefing the Council members on the new infrastructure projects planned for the winter resorts and noted a new ropeway would be built in the country’s northern Gudauri ski resort that would serve 1,800 passengers per hour and reach the length of 2,800 metres on slopes of the location. He also noted the installation of snowmaking machines was also planned on two tracks in the resort to ensure a “more comfortable environment” for holidaymakers.
The discussion also touched on the ongoing process of citrus harvest in the western Adjara region and it was noted that this year’s harvest was expected to hit about 45,000 tonnes, adding that more than 20 citrus receiving-processing enterprises would receive export tangerines and the citrus cannery in Kobuleti would receive an unlimited amount of non-standard tangerines.
As of today, up to 45,000 tonnes of standard tangerines have been exported and 200 tonnes of non-standard citrus have been received and processed.
Spain was Georgia's major foreign direct investor country in the third quarter of 2022 with $165.9 million, followed by the United Kingdom with $122.9 million and Ireland with $120.3 million, the National Statistics Office of Georgia reported in its latest figures on Friday.
Georgia and the United Arab Emirates have held the second round of negotiations on a comprehensive economic cooperation agreement between the countries as part of a visit of Georgian officials, led by Deputy Economy Minister Genadi Arveladze, in Dubai, the Economy Ministry announced on Thursday.
The Georgian Government has revealed plans for a new ropeway that will serve 1,800 passengers per hour in the country’s northern Gudauri ski resort, Prime Minister Irakli Garibashvili said on Monday.
Georgian Prime Minister Irakli Garibashvili on Monday said this year’s fruit harvest was expected to hit about 45,000 tonnes of citrus, adding the Government would subsidise collection of non-standard tangerines.
Georgia's Black Sea region of Adjara received $106 million in foreign direct investments in the first nine months of 2022, Tornike Rizhvadze, the Head of the Government of Adjara, said in his end-of-year summary of his office’s work on Thursday.
Georgian Economy Minister Levan Davitashvili on Monday said foreign direct investments in the country had exceeded $2 billion in 2022, setting a “historic high” mark.
Otar Shamugia, the Minister of Environmental Protection and Agriculture of Georgia, on Wednesday said the country had exported more than 26 tonnes of tangerines, calling the number a “significant increase” compared to figures from the previous year.
Exports of Georgian tangerines amounted to 36.2 thousand tonnes between September and mid-January, totaling $23.4 million, the Ministry of Agriculture announced on Wednesday.