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Tag Archives: FIZ

Anaklia Development Consortium Permitted to Construct Anaklia Seaport

LEPL Technical and Construction Supervision Agency of Ministry of Economy of Georgia has issued a permit to Anaklia Development Consortium for the first phase of the Anaklia seaport construction and exploitation (N201-04; 30.10.2017). At the same time, Ministry of Environment and Natural Resources of Georgia, based on environment impact report …

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Operator of Anaklia Deep-Water Sea Port Revealed

Operator of Anaklia Deep-Water Sea Port Revealed

Operator of Anaklia Deep-Water Sea Port is revealed. “Selection of the operator of Port Container Terminal is at the final stage. The leader company is revealed and negotiations are held on details”, – the Consortium informed GBC, but they did not named the company at this stage. It was previously …

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Legislative Amendments Required to Maintain Taxation Advantage at FIZ

Legislative amendments should be adopted into the Law on Free Industrial Zones in the nearest period, Soso Nibladze, head of Kutaisi FIZ, told BusinessContract. The mentioned law was adopted several years ago. Since then taxation system was reformed. Therefore, legislative amendments are necessary for ensuring competitive capacity, Soso Nibladze added. …

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Egyptian Investors to Launch Machinery Filters Production in Kutaisi

Hualing Free Industrial Zone

Egyptian investors plan to launch production of machinery filters in Kutaisi, Imereti Region. The new plant will function in Hualing free industrial zone. THE FIZ director Soso Nibladze noted that the plant will launch production in March 2017. Before, special machinery will be installed there. Egyptian investors plan to put …

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Why Free Industrial Zones are Inefficient in Georgia

RAKIA, one of the major Arab investor companies in Georgia, has returned an 85% stake in Poti free industrial zone (FIZ) to the Government, Ministry of Economy reports. The Arab company maintains a 15% stake in Poti FIZ. LLC RAS Al Khaimah Investment Authority Georgia is a subsidiary of RAS …

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Chinese Company Turns Old Georgian Factory Into Free Industrial Zone

Chinese Company Turns Old Georgian Factory Into Free Industrial Zone

It was once a sprawling Soviet automobile factory on the outskirts of Kutaisi, Georgia’s number two city, 230 kilometers west of Tbilisi. Over 15,000 workers labored here, most of whom lived in the ultra-pragmatic, no frills high-rise compound right across the street, forming a quintessential factory town. When it shut …

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