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Tag Archives: Dimitri Kumsishvili

Negotiations Underway With New Investor on Poti FIZ Sales

Negotiations Underway With New Investor on Poti FIZ Sales

Negotiations are underway with a new investor on sales of Poti free industrial zone (FIZ), Minister of Economy Dimitri Kumsishvili noted. The major industrial group will be named in about 60 days, he added. Arab Rakia (RAS Al Khaimah Investment Authority) remains in Georgia. Government of Georgia keeps very good, best …

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Georgia to Export 94% of Goods to China Without Customs Duties

Georgia to Export 94% of Goods to China Without Customs Duties

Under the free trade agreement with China, Georgia will be able to export 94% of products without customs duties, including wines, mineral waters, fruits, juices, cables, plastic products, nitric fertilizers and so on,  Minister of Economy Dimitri Kumsishvili noted. After the agreement comes into force, ships under Georgian banner will …

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Trade and Payments balance- Positive: Economy Minister Says

Trade and Payments balance- Positive: Economy Minister Says

Minister of Economy sees a positive trend in the trade balance. According to Dimitri Kumsishvili, trade turnover of 8 months (excluding Hepatitis C Program) has improved trade balance. “Our trade turnover of 8 months is declined by 11% in the part of export, however it is reduced in the part of …

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Textile Producer GeomMTex Plans to Increase Product Assortment

Textile Producer GeomMTex Plans to Increase Product Assortment

Company GeomMTex plans to increase and expand product assortment – representatives of the company has talked with Dimitri Kumsishvili. The company is beneficiary of “Produce in Georgia”, produced products are totally exported. The company successfully cooperates with leading European companies, including Monkler. Now, GeomMTex employees 320  persons. In addition, any …

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Hotel Museum is Opens in Tbilisi

Another hotel museum is opened in Tbilisi. The museum is located in Atoneli str, former Place of Maiko Orbeliani. The hotel includes 46 rooms and 3 cafeterias. Official opening of the new hotel was attended by Vice-Premier on Monday. He has noted that more than 1200 hotels  represented in Georgia today …

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Sheikh Nahyan: Batumi will Become Tourism Center for Region’s Population

Sheikh

First Vice Prime Minister of Georgia Dimitri Kumsishvili and Nahyan Bin Mubarak Al Nahyan, Sheikh of United Arab Emirates (UAE), and his accompanying persons  visited the former military range territory in Gonio, where major investment projects will be implemented. Today we updated Sheikh Nahyan on the existing investment potential in …

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Georgian Scientist Wins Global Forum (WSIS)

Nino Demetrashvili

Dimitri Kumsishvili, Minister of Economy, has met with Georgian scientist Nino Demetrashvili, who has won the award contest of the World Summit on Information Society (WSIS), and handed over an appropriate award to her. Giorgi Jaiani, director of Ilia Vekua Institute for Applied Mathematics and Ekaterine Kubusidze, head of the …

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Kumsishvili: We Do Not Manipulate with Expectations of Currency

Kumsishvili: We Do Not Manipulate with Expectations of Currency

GEL rate remains a hot topic. Minister of Economy has recalled sharp devaluation of national currency (11%) through the last two weeks afresh and noted, that to make a comment on the daily change of the rate is incorrect. He called for private individuals and legal entities to conduct the procedures …

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Georgia Establishes Joint Space for Business Services

Georgia Establishes Joint Space for Business Services

The government establishes joint space for business services. The government should discuss the issue at the session. Inter-Agency Working Group is being created, which should be headed by the Vice Premier Dimitri Kumsishvili. Ministry of Justice should be actively engaged in the working of the group. “Now is important to …

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Agreement is Achieved on Georgia’s Debt Towards Kazakhstan

Agreement is Achieved on Georgia’s Debt Towards Kazakhstan

The negotiations have been productive within the frame of Economic Commission, – Economy Minister Dimitri Kumsishvili has declared while delivering a speech at Countries Intergovernmental Commission. According to him, the sides have agreed on such issues which have been unsolved for along time. One of them is Georgia’s debt towards …

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