Agricultural land in one of the most prestigious spots in Georgia!
The property is situated in Lanchkhuti, 293 kms far from the capital city Tbilisi. This land is best suitable hazelnuts. In 2017 the harvest of corn amounted to 60 tonnes from this land. This land has a canal which can be used for irrigation. It is 100m from the land.
Georgia’s external trade grew by 18.6% this year and reached $11.32 billion in January-November 2018, says the National Statistics Office of Georgia (Geostat).
This year the value of Georgia’s exports increased by 24% to $3.03 billion, while the value of imports also increased 16.8% to $8.29 billion with respect to January-November 2017, said Geostat.
Georgia’s trade deficit equalled $5.25 billion this year, which was a 46.4% share of the country's total trade turnover.
Trade deficit is an economic measure of the negative balance of trade in which a country's imports exceed its exports.
Georgia is striving to become a regional financial centre, inviting large transnational companies to open regional representations in Georgia and receive unique tax benefits.
The Prime Minister of Georgia Mamuka Bakhtadze announced the initiative today.
International companies, large transnational organisations, including representatives of the world’s 500 largest companies, if they open offices in Georgia and serve the region from here will benefit from unique tax benefits”, said Bakhtadze.
Earlier in October 2018 Bakhtadze announced a new initiative that introduces the concept of electronic residency, which will allow citizens of 34 countries to electronically register their companies and open bank accounts in Georgia.
We are introducing the practice of electronic residency that will enable the citizens of 34 countries to electronically register their companies and open bank accounts in our country. All these 34 countries are economically developed… All agencies will be given tasks, while a draft law of the amendments will be sent to the Parliament of Georgia”, said Bakhtadze a month ago.
Bakhtadze stated that the goal of the government is to have the service launched on 1 January 2019.
Foreign direct investments (FDI) in Georgia amounted to $322.6 million in the third quarter (Q3) of 2018 as shown by preliminary data published by the National Statistics Office of Georgia (Geostat).
Q3 FDIs were down by 48.2% compared to the adjusted data for Q3 of 2017.
The main reasons for the decrease in FDIs is the completed pipeline project, transferring of ownership in some companies from non-resident to resident units and reduction of liabilities to non-resident direct investors”, said Geostat.
The share of FDI by major foreign direct investor countries allocated as follows:
The share of FDI by the three major economic sectors reached 48.8% in Q3 2018, allocated in: