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Tag Archives: Enterprise Georgia

Small Entrepreneurs to Enjoy Tax Preferences

Companies with about 500 000 GEL Turnover will Pay 1% Turnover Tax, instead of 5%. Government of Georgia has decided to alleviate taxation regime for small entrepreneurs: the turnover tax will be lowered 5 times. The current 5% tax will be reduced to 1%. Moreover, criterion for determining the size …

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The Results of the Program Enterprise Georgia

Enterprise Georgia is the first government institution in Georgia mandated to facilitate export and private sector development through a variety of financial and technical support mechanisms. Being the first state agency mandated to facilitate private sector development in the country Enterprise Georgia employs different approaches and mechanisms to support Georgian …

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New Enterprise Opened within Enterprise Georgia Programme

First Deputy Prime Minister, Minister of Economy and Sustainable Development, Dimitri Kumsishvili, officially opened “Polymer 1” Ltd on February 28, a corrugated pipe manufacturing plant supported by the Agency “Enterprise Georgia”. The company has been conducting polyethylene pipes for drinking water and gas mains since 1985, and with the support …

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More than 30 New Hotels Are Due to Open in Georgia

According to the 2018 January indicators, Enterprise Georgia has approved 38 projects as part of hotel industry development program. Total investment value of the projects exceeds 113 million GEL. The hotels will offer 1174 new suites in addition and create more than 1200 new job places.  Giorgi Chogovadze, head of …

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Georgian Doors Producer Brand Megadoors Enters the Market

The first Vice-Premier, Minister of Economy and Sustainable Development Dimitri Kumsishvili opened an enterprise financed within the program “Enterprise Georgia”. LTD”Otsneba”, which was only engaged in the realization and import of building and repair materials, built a wooden and metal door enterprise with the support of the program “Enterprise Georgia” …

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41-room Hotel to Open in March in Akhasheni

The program has 38 beneficiaries till the launch of the Georgian industry development component in the state program “Enterprise Georgia”. According to the Ministry of Economy, a 41-room hotel with high standards will be opened in village Akhasheni, Gurjaani District. “Hotel” Akhasheni Resorts “plans to build it on one of …

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37 Hotels to be Opened in the Framework of Enterprise Georgia

Hotels will be opened in Borjomi, Bakuriani, Gudauri, Poti, Ureki, Nikortsminda, Kazbegi, Sagarejo, Gonio, Shekvetili, Telavi, Tskaltubo, Kutaisi, Zugdidi, Mestia, Gurjaani and Gori within the framework of the state program ”Enterprise Georgia- Host in Georgia”. In total, the program has 37 beneficiaries. As a result of opening of hotels, additional …

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Enterprise Georgia State Program Invests 786 million GEL in Projects

Enterprise Georgia state program has co-financed 323 projects s of December 31, 2017. Total amount of investments made by Enterprise Georgia exceeds 786 million GEL. More than 13 000 citizens of Georgia were employed as part of the mentioned projects. According to Enterprise Georgia indicators, projects were implemented in the …

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Government Approves Changes to Enterprise Georgia Program

Marina Morgoshia

Government of Georgia has made changes to Enterprise Georgia state program. The package of amendments was approved at the November 8 government meeting. After the meeting Marina Morgoshia, head of Enterprise Georgia agency of Ministry of Economy told reporters that the package of amendments will enhance the interest toward the …

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Georgia to Develop E-Commerce Strategy

The Ministry of Economy and Sustainable Development of Georgia has started to work on developing e-commerce strategy with the support of the EU and German International Cooperation Society (GIZ) “Small and Medium Business Development and DCFTA in Georgia”. The strategy aims to identify products with high potential in this direction …

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Foreign Investors Launch Implementing Investment Project in Kutaisi

Georgia becomes a very interesting country for foreign investors in terms of real estate sector investment potential. With the support of Enterprise in Georgia – Investment agency, Indian investors are implementing a 1.5mln GEL investment project in Kutaisi to build a commercial-residential mixed complex. With the support of representatives of …

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