Export from Georgia to Azerbaijan

As reported by Newsgeorgia.ru, Georgia's exports of goods to Azerbaijan for January-August 2010/2009 increased by 29,5%, amounting about $ 155million. An increase has made $ 35.3 million. From the same source can be seen what this significant increase is reasoned by. For example, car reexport from Georgia to Azerbaijan almost doubled (from $ 39.3 million to $ 69,2 million) and an import of steel rebar has sharply increased by $ 13.2 million, (from $ 1 million to $ 14,2 million). Such a large increase in import of steel rebar from Georgia is likely due to regular production suspensions of the largest steel manufacturer in Azerbaijan, Baku Steel Company (with a rather low quality of metal), as well as the opening of Geosteel steel mill in Georgia in 2009. Georgian-Indian Geosteel also maintains an active policy of selling its products in Armenia with the help of intermediate Armenian company Mikmetal. Baku Steel Company was founded in 1998 and started operating in 2001. The main raw material of the plant is scrap metal, purchased from the local market, and, according to Honored Builder of Azerbaijan Emil Akhundov, this causes low quality of product. Since August 2009 the company changed ownership type and became an offshore "Baku Steel Company Limited" company with registration in the Isle of Man with new leader, a citizen of Germany, Axel Borowski, who was replaced by Suleiman Akhmedov in July 2010. Reference: The Isle of Man is a dependent territory of Great Britain with a high degree of autonomy. The island is located in the Irish Sea, not a member of EU and has its own tax legislation. On the basis of survey of visitors of Trip Advisor authoritative portal, Men island took the honorary eighth place in the world for its attractiveness!

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Donald Trump got interested in Georgia

Recently Chairman of the administration of the President of Georgia reported about construction of high class residential complexes by American magnate Donald Trump. The protocol of intent between the Trump Organization and the Georgian building company Silk Road Group has been recently signed during the visit of Georgian President Mikheil Saakashvili in New York, where he attend the UN General Assembly Session. According to Executive Vice President of Trump Organization, Michael Cohen, they intend to build complex with unique architecture, interior design and comfort. Construction site for the future complex in Tbilisi is likely was selected during the Cohen's July visit to Georgia. Preliminary intentions of Trump Organization consists construction of housing both in Tbilisi and Batumi. It is interesting to note, that house prices in Georgia today, the lowest in the region and in terms of investment attractiveness, this project raises some doubts. However, the Government of Georgia makes every effort to create a more attractive environment for investments in the country and it is likely to succeed today.

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Energy bridge creation

The head of Georgian State Electorsystem company (GSE) Sulkhan Zumburidze and Vice President of Azerenerji Marlen Asgarov signed a memorandum on further development of cooperation between Azerbaijani and Georgian systems to create an "energy bridge" with Turkey, Turan reported. According to GSE, the point is Azerbaijan's joining the construction of Akhaltsikhe-Borchkha electric transmission line that is to connect energy systems of Georgia and Turkey.

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Georgia is a tourist paradise!

Georgian authorities draw serious attention to the development of tourism in the country. As noted by the Prime Minister Nika Gilauri on September 11at a meeting in Batumi, after 8 months of 2009/2010, tourists arrivals grew by 34% and made up 1 350 000 people. However, the authorities are obviously concerned about the state of affairs in the deployment of such a flow of tourists, and take a number of immediate measures to remedy the situation. Thus, President Mikheil Saakashvili made a revolutionary proposal for businessmen to provide free of charge land in Kobuleti pine forest to build 27 tourist complexes. He also promised to build all the necessary communications for free, finance the architectural project works, and finally provide a five-year tax exemptions for those entrepreneurs who will do it before September 1 of next year. Note that policies to promote tourism in Georgia are conducted by the authorities of the country for many years. The President also drew attention to the significant increase in investment in the hotel business in Tbilisi. Thus, according to him, the hotel "Kempinski", which is being constructed in Tbilisi, at the site of the former Institute of Marxism-Leninism, will be one of the best in all East Europe. Completion of hotel construction is planned to be in 2012 and is implemented by United Arab Emirates - based Abu Dhabi Group. It is interesting to note that last year, during excavation works on the construction site of the hotel, a secret Stalin's prison was discovered, about which no one had been informed before. According to Dr. Timothy Blauvelt, (a political scientist who teaches a course on Soviet history at Tbilisi State University ), during the construction of the institute in 1930, Lavrenty Beria almost every day visited the construction site ... Now it is clear why...

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