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Articles

Canadian and Korean Investment Opportunities in Georgia

Written by: Bridgewest

Canadian-and-Korean-Investment-Opportunities-in-Georgia.jpgAt the moment, Georgia is running several important investment projects, as the country is interested to develop numerous economic sectors which are appealing to foreign investors. The representatives of the state recently met with the delegates of Canada and South Korea to discuss the investment opportunities that are available on the Georgian market. The Canadian and Korean parties appreciated the steps which have been made by the Georgian part in terms of investments; at the same time, they also stressed out the touristic potential of the country. Entrepreneurs who are interested in finding out more on the investment projects carried out in Georgia can receive an extensive presentation on this matter from our team of Georgian company formation specialists
 
 

Investment environment available in Georgia

 
Investors who want to open a company in Georgia should know that the state is creating a favorable environment for foreign investments. The Canadian party declared that the business climate in Georgia developed through the assistance of the Georgian authorities, by focusing on the small and medium sized companies and by creating a transparent environment in terms of investments
 
They also mentioned that they encourage tourism in Georgia, which has a great potential. At the same time, they welcomed the progress performed by the local authorities for the pension fund reforms; our team of Georgian company formation consultants can provide you with more details on the highlights of tourism industry. 
 

Korean – Georgian investment relations 

 
Korean party declared that it wishes to further develop its relations with Georgia; the representatives of the country mentioned that the Korean economy achieved industrial development. 
 
The two countries are currently involved in an important investment project carried out in the energy sector. The Korean party invested $ 1 billion in Georgia, in a construction project of a hydro-electric power plant, situated in the western part of the country. 
 
In the first quarter of 2016, the foreign trade turnover registered between the two states had a total value of $ 13,8 million. The Georgian exports in Korea were situated at $3.5 million at the level of 2015. 
 
Foreign investors who need to receive more information on the investment projects available in Georgia can contact our team of company formation agents
 

Comments

  • Andrew 2016-04-28

    Yes, indeed. Georgia is interested in developing its economy and has already made several steps in this sense. An important field which can be developed is the tea industry, which has a great potential due to a perfect climate.

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