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A botanical garden and a 5-star hotel will be built in Ganmukhuri. The project will be implemented by Cartu Fund and the Co-investment Foundation.

4-1The project was introduced on September 26 by Prime Minister Giorgi Kvirikashvili. Bidzina Ivanishvili is consent to implement similar projects on the opposite size of the separation line too.

The botanical garden will be built on about 100 hectares.  Cartu Fund will finance the project by 20 million USD. The is a charity project to foster tourism infrastructure development.

The Co-investment Fund will build top-level 5-star hotel worth 60 million USD. It should be noted that the Ganmukhuri botanical garden will not be only a recreation zone, but it
will preserve unique Kolkhetian bre
eds and varieties.

I believe similar projects will create a new center of tourists concentration and 3-1additionally stimulate potential investors to make additional investments. Both projects will considerably increase the tourists inflow and local residents will receive more revenues.

The hotel construction works will employ more than 2 000 workers for 2 years, while finished hotel will employ 350 persons”, the Prime Minister said.



Georgian Manufacturer of Golden Ornaments Zarapxana Expands Exports Marketszarapxanaaa-660x330

After the Azerbaijani  market, Zarapxana, Georgia’s only manufacturer of golden ornaments, plans to enter other markets too.

The company managers told the Business Contract that the company’s strategic plan implies exports to neighboring countries and Europe. Negotiations are underway with representatives of various countries, but the company representatives did not specify the time of when the market diversification will be carried out. The company unveiled branch in Azerbaijan at the end of 2015.image1

“Naturally, we opened the branch because  neighboring countries showed much interest in our production and works. At this stage, Zarapxana sells its products in Baku through merchants: Zarapxana permanently tries to develop technological process of production and refine design of each collection or specific ornament”, the company representatives said.

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