• ABOUT US
    • History
    • Our Team
    • Advertising
    • Subscription
  • CONTACT US
Georgia Today
No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
No Result
View All Result
Georgia Today
No Result
View All Result

Looking beyond the Crisis: Investment Potential of Georgia’s Regions

by Georgia Today
May 21, 2021
in Business & Economy
Reading Time: 2 mins read
Looking beyond the Crisis: Investment Potential of Georgia’s Regions

Representatives from the private sector, civil society and central and local authorities took part in the Regional Investment Forum, held in Ozurgeti on 20 May. At the Forum, participants presented new municipal investment profiles, showcased local entrepreneurs and discussed opportunities for regional and local economic development in the post-pandemic period.

Attendees included Anna Chernyshova, Acting Head of the United Nations Development Programme (UNDP); Mzia Giorgobiani, Deputy Minister of Regional Development and Infrastructure; and Alexander Karner, Head of the Austrian Development Cooperation’s local office in Tbilisi.

The Forum served as a platform to explore investment opportunities, business potential and partnership possibilities in the region. Tailored investment profiles of the Lanchkhuti, Chokhatauri and Ozurgeti municipalities — developed with UNDP assistance and funding from Switzerland and Austria — were presented and discussed during the working sessions.

“Creating a favourable environment for investments is one of the key factors for rebuilding local economies after the pandemic,” noted Anna Chernyshova. “We hope that the new municipal investment profiles will be a useful tool for municipalities to attract potential investors.”

In its investment profile, Chokhatauri lists a variety of tourism resorts, its proximity to the Poti and Batumi ports and the Batumi and Kutaisi international airports, fertile land and human resources. Lanchkhuti’s profile described its access to the Black Sea and Supsa oil hub alongside natural resources that include the exquisite National Park of Colchis and its potential for tourism development. Ozurgeti sought to attract investors with its proximity to the seaside and mountainous recreational and medical resorts, its well-maintained infrastructure and the opportunity to locally train a qualified workforce for a specific enterprise.

Despite these advantages, though, unemployment in Guria hovers at 16%. Further,  the region remains one of the least visited places in Georgia — it attracts only 1.3% of all international visitors.

“The Government of Georgia recognizes that strengthening partnerships between the public and private sectors is a cornerstone of local economies’ inclusive growth,” said Mzia Giorgobiani. “Together with development partners, we are determined to foster more of such partnerships and bring more investment to the local level, where new jobs and incomes are most needed.”

Dr. Danielle Meuwly, Regional Director of the Swiss Cooperation Office for the South Caucasus, stressed the importance of joint efforts towards local development. “Inclusive growth is not possible without the active and broad engagement of all actors at the local level, including local self-government, local businesses, civil society organizations and communities. At the same time, unique local features can be used to attract potential investors to start new economic activities or to expand existing ones,” she noted.

The next two regional events — a forum on tourism and entrepreneurship in Samegrelo and a forum on investment and entrepreneurship in Kvemo Kartli — are planned for June.

“Austria remains a committed supporter of Georgia’s efforts in addressing the emerging challenges of economic recovery in the regions,” stated Alexander Karner. “We truly believe that strengthening local value chains can improve the livelihood of people living in rural areas and can help develop sustainable local economies.”

The investment forum in Ozurgeti was organized in partnership with the State Representative of the Guria region.

Long-term assistance to Georgia’s regions and municipalities comes from UNDP’s robust programme for regional and local development funded by the Swiss Agency for Development and Cooperation (SDC), Austrian Development Cooperation (ADC) and the Government of Georgia.

ShareShareTweet

Related Posts

Domestic Tourism drops in Georgia, spending decreases by nearly 9%
Business & Economy

Domestic Tourism drops in Georgia, spending decreases by nearly 9%

May 30, 2025
David Chikviladze, Founder and General Director of the Georgian Animal Federation
Business & Economy

The Georgian Animal Federation (GAF) and Charitable Foundation Shemifare Expand Network of Veterinary Clinics—Built on Ethics, Compassion, and Professionalism

May 29, 2025
Silk Cloud Partners with Orange Polska’s Integrated Solutions to Boost Georgia’s Digital Transformation
Business & Economy

Silk Cloud Partners with Orange Polska’s Integrated Solutions to Boost Georgia’s Digital Transformation

May 29, 2025

Recommended

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

3 weeks ago
Experience Seamless Connectivity with Silknet eSIM in Georgia

Experience Seamless Connectivity with Silknet eSIM in Georgia

11 months ago
Champion Karateka Luka Khvedeliani on the Benefits of Georgian Karate for Georgia’s Youth

Georgia to Celebrate First Europe Day with European Union Candidate Status

1 year ago
Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

3 years ago
Natia Mezvrishvili on Dealing with 2 Political Giants

Natia Mezvrishvili on Dealing with 2 Political Giants

3 years ago
Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

3 years ago
GT Interview with Giorgi Badridze

GT Interview with Giorgi Badridze

3 years ago
Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

3 years ago

Navigation

  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

Highlights

MIA: Nika Melia detained on administrative charges

Ukraine Latest: Drones, Drills, and Diplomacy

British Journalist Barred from Georgia after Investigating Links to Sanctioned Russian Oligarch

The Blooming Electric Now: How DOCA Film Club’s ‘New Georgian Films’ Program Captures a Nation Mid-Transformation

ZEG Festival returns to Tbilisi with future-focused storytelling

Giorgi Bachiashvili: Ivanishvili’s orders led to my kidnapping and 2 days blindfolded

Trending

Experience Seamless Connectivity with Silknet eSIM in Georgia
Business & Economy

Experience Seamless Connectivity with Silknet eSIM in Georgia

by Georgia Today
June 26, 2024

Why Silknet's eSIM could be your top choice in Georgia  Since its introduction, eSIM technology has become...

Photo by the author

Virtuosity and Versatility: Marc-André Hamelin Opens Tbilisi Piano Festival 2024

May 30, 2024
  • Where.ge
  • Newspaper
  • GEO
  • Magazine
  • Old Website

2000-2024 © Georgia Today

No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

2000-2024 © Georgia Today