Economic Minister reports preliminary results of foreign investments in 2011
Minister of Sustainable Development and Economics of Georgia Vera Kobalia reported the preliminary results of the foreign investments in 2011 to media today. According to the minister, 377 million dollar was re-investment of out direct foreign investments made in Georgia last year, which was 981 million in total. Most of the investments were made in industry sector; transport and communications was also in the focus of the investors. The largest investors in 2011 were Holland, Denmark and Azerbaijan. The final results of the foreign investments made in Georgia in 2011 will be published on August 15, 2012.
Member of the parliament from United National Movement Giorgi Vashadze has expressed his concerns regarding the regress in country`s economy. MP Vashadze briefed at the Politiko press club today and said: `Process of economic development in Georgia is going backwards`.
The Investigation Service of the Ministry of Finance has begun inspection at the municipal company The City of Lights, which works on lighting systems in the capital. The inspectors took away all financial documents from the company.
Georgian brandy Dzveli Kakheti will appear in Russia in a few days. Georgian wine maker company Kakhetian Winery received confirmation letter that the product is accepted by the Russian consumer watchdog.
Tbilisi is hosting a joint business forum of Georgia and Ukraine. Representatives of over 50 Ukrainian companies are attending the event, where the Georgian authorities are introducing Georgia`s business environment, tax policy and interest to attract foreign investments.
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Georgia`s most popular mineral water Borjomi has been allowed to Russian market - Russian media has reported based on the information provided by the Russia`s consumer watchdog Rospotrebnadzor. Its chief Genady Onishenko says that Borjomi is now the product registered in Russian registration service.
Experts of the Russia`s consumer watchdog Rospotrebnadzor are waiting for the samples of Georgian wine and mineral products to take final decision on lifting embargo and register them for entering Russian market. Russia`s chief sanitarian doctors Genady Onishchenko says the companies