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
More on the topic
- 25.11.2013 250- million USD project failed in Poti
- 26.09.2013 Spanish investors interested in the hotel and gaming business in Georgia
- 10.09.2013 H1 FDI Down 4.2% to USD 458.6 mln – Preliminary Data
- 16.08.2013 Geostat: 2012 FDI USD 912 mln
- 19.07.2013 EBRD to invest $200 million in Georgia
- 27.06.2013 Georgian Government lets Kobuleti pier on lease
- 17.01.2013 Hungary to invest in Georgian agriculture
- 09.11.2012 International Chamber of Commerce forecasts the decline of investments into Georgia
- 13.09.2012 Energy sector has the largest share of foreign investment in Georgia