A new Industrial zone in Adjara failed to interest investors

The new industrial zone which opening is scheduled in Adjara in 2014 has failed to interest investors so far.

According to the Ministry of Economy of Adjara, in contrast to the free zone, it does not provide tax benefits, and all obligations of creating the infrastructure necessary for investors will be  implemented by the Government.

As  Deputy Minister of Economy of the region Besik Bolkvadze states "Commersant", at this stage there are no specific plans for the industrial zone.

"There are several models for the creation of such zones, but we are in the process of discussion. The final decision will be made in agreement with investors, "- says  Bolkvadze.

Adapted from commersant