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Invest in Georgia

13 November 2015

Georgia, the former Soviet Republic, has its own unique language and writing alphabet. It is located at the crossroads of Europe and Asia, between the Black Sea and the Caucasus Mountain. Tbilisi is the capital city of a country which has completely overhauled the communist era regime and has embraced the freedom that the power to choose enables.

It has decisively dealt with corruption and averted the threat of derailing its transformation as it seeks accession to the European Union, as a result enhancing opportunities for investment into Georgia.

China Airlines closer transport link with Georgia now offers passengers new routes from Tbilisi Shota Rustaveli International Airport to the Chinese cities of Urumqi and Guangzhou and the North American cities of New York, Toronto and Los Angeles.

Photo: (l-r) Ambassador Beka Dvali, Nada Reyneke OF JCCI, Marius Heyns of the SAGCC, Tsotne Amashukeli of GNIA and Davit Tavlalashvili of GNIA

Travel and tourism are central to Georgia’s plans for attracting trade and investment. At a seminar hosted in Johannesburg, South Africa in October 2015, the Georgian National Investment Agency (GNIA), the Embassy of Georgia in South Africa, the South Africa Georgia Chamber of Commerce (SAGCC) and the Johannesburg Chamber of Commerce and Industry (JCCI) presented the many opportunities for economic exchanges that exist between South Africa and Georgia.

Tsotne Amashukeli of GNIA presented a politically stable, efficient, pro-business environment in Georgia which has climbed to 15th in the Ease of doing Business global index and 22nd in the Economic Freedom index. A corruption free country was a further incentive for business confidence.

Marius Heyns, Chair of the SAGCC shared his knowledge of Georgia and the experiences of South Africans already engaged in business between the two countries.

Ambassador Beka Dvali of Georgia explained that entry visas for South Africans are not required and that there are no exchange controls that prevent repatriation of profits.

The introduction of several direct flights by Turkish Airlines to Istanbul has made travel to Georgia, which borders Turkey, more convenient and shorter.  

This rapid transition of Georgia as well as the growing need for new markets has created several opportunities in infrastructure, energy, logistic and hospitality among others.

K.Bhana

 

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February 2017 Edition

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