Enterprise Georgia: European logistics company to invest €1mln in Georgia
Tweet 
Share
Lithuanian company Girteka, one of the largest logistics companies in Europe, will invest €1 million and create 400 jobs in Georgia over the next three years as part of the FDI Grant programme under the auspices of Georgia’s export promotion agency Enterprise Georgia.
The Agency announced on Wednesday the latest edition of its grant - initially launched in 2020 - would promote growth of foreign direct investments in Georgia, inflow of technology and creation of new jobs in the country.
It also said the company would receive a 15 percent cashback through the state programme.
“In order to evaluate the investment potential of the country, Girteka actively collaborated with the Invest in Georgia team of Enterprise Georgia during the decision-making process and chose Georgia due to the qualified workforce and simplicity of doing business”, the Agency said.
Girteka established a global services office in the Georgian capital city of Tbilisi last year and is employing 65 staff at this point while expecting to expand to 200 by the end of this year, the body also said.
Electronic commerce and online retailing company Rakuten will open a Tbilisi-based office for mobile application development of its Viber messaging product, the Georgian Economy Ministry announced on Monday.
The Georgian Government is “working intensively” with companies from Britain, Germany and other countries based in Ukraine and Russia to relocate their enterprises to Georgia amid the ongoing war in Ukraine, Economy Minister Levan Davitashvili announced on Monday.
Griteka Logistics, one of the largest asset-based logistics companies in Europe, is opening an office in the Georgian capital city of Tbilisi, where the newly-established Girteka Global Business Services will begin operations in 2022, Enterprise Georgia announced on Thursday.
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.
Georgia’s export-promotion agency Enterprise Georgia will promote the country’s investment potential in meetings with companies at the ongoing Annual Investment Meeting in Abu Dhabi this week.
Enterprise Georgia will finance projects aiming to produce electricity using renewable energy sources, the body announced on Wednesday.