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Georgia: the Hub Issue Investor.A MAGAZINE OF THE AMERICAN CHAMBER OF COMMERCE IN GEORGIA ge ISSUE 29 OCT.-NOV. 2012 Changes to Cabinet Onoprishvili: A Healthy Business Environment Tbilisi, A Guide for Kids Georgia: The Hub Issue Investor.ge Investor.ge CONTENT Investment/ 21 Gateway to the Development Caucasus: Georgia 6 Investments in Brief as investment hub? A brief synopsis of After eight years new investments and of reform, are business news by international companies Avtandil Chedia. looking at Georgia as a regional headquarters? 8 Post Election Cabinet A run down of the 24 Georgian Georgian Dream Agriculture: The nominees for cabinet birth of a hub positions. New initiatives could help Georgia turn from 10 Five Questions a net food importer to a with WB Regional regional exporter. Director Henry Kerali 27 Georgia Seeking its The World Bank’s new Niche as Regional regional director speaks Education Hub with Investor.ge about New universities, 42 Ten Things You Didn’t his plans. unique programs, and Know About… competitive prices are 12 Davit Onoprishvili: attracting students to Tbilisi For Kids Creating a “healthy Georgia from around and competitive” the globe. business environment 28 Georgia: The South 38 Georgia’s Untapped Culture Investor.ge spoke with Caucasus Regional Potential for Trade 42 Ten Things You the Georgian Dream’s Banking Hub and Transit Didn’t Know About… economic policy KPMG’s Besik Sanaia Georgia is a natural Tbilisi For Kids expert – and head of looks at Georgia’s trade and transit hub A break down of what the parliament finance potential to be a for the region. What to do with the children committee – Davit banking center for the does business and the over the weekend. Onoprishvili. Caucasus. government need to do to capitalize on its 14 Georgia Set 34 Building on the potential? to Become Bio Georgian Miracle Research Leader The new government is 40 Tbilisi: A Regional The Richard G. Lugar focused on improving Capital Center could help on the Georgian Investor.ge interviews Georgia become a economy – and its role Zviad Archuadze, the regional center for as a regional hub for head of the economic biological research. business. policy agency at Tbilisi City Hall 18 Creating a Hub An intro to Investor.ge’s feature on Georgia’s potential to be a regional hub. .................... 46 OCT.-NOV. 2012 3 Investor.ge AmCham Georgia Patron Members: © The American Chamber of Investor.ge Commerce in Georgia, 2011 All rights reserved. No part of this magazine may be re-printed, or reproduced or utilized in any form or by electronic, AmCham Executive Director Amy Denman mechanical or other means now known or hereafter invented, including photocopying Editor in Chief Molly Corso and recording, or in any information storage or retrieval system without Copy Editor Charlie Fletcher permission. Marketing & Promotion Salome Tkeshelashvili The opinions expressed in this magazine do not refl ect the opinion of the American Promotional Design Levan Baratashvili Chamber of Commerce in Georgia nor its Magazine Design and Layout Giorgi Megrelishvili Board Members or staff, unless otherwise stated. AmCham Georgia neither endorses, Writers Avtandil Chedia, Nick Clayton, Molly Corso, Maia Edilashvili, Monica Ellena, nor can be held liable for any eventuality Charlie Fletcher, Nino Patsuria, arising from the use of any product or Besik Sanaia service advertised within the pages of this issue. Photographs Molly Corso, COATS Investor.ge is printed by CEZANNE AmCham Georgia 36a Lado Asatiani Street, 3rd fl oor Tel: 2 22-69-07 [email protected] [email protected], www.amcham.ge Special thanks to Sarah Williamson, the AmCham Editorial Board and the AmCham staff, as well as to KPMG and PricewaterhouseCoppers, for their help with this issue. www.investor.ge 4 OCT.-NOV. 2012 Investor.ge OCT.-NOV. 2012 5 Investor.ge Investment in Brief Bank of Georgia to Host Temur Chkonia Plans to Open District of Tbilisi, Trend reports. The Global Marketing Event in Georgia Palace Hotels in Tbilisi 22- house complex will have a single November and Mestia architectural style. The Bank of Georgia will host Mar- Georgia Palace Hotelswill expand About 2,000 people will be employed keting Kingdom, a European marketing operations and open new hotels in Tbilisi for construction, and a staff of 1,500 will forum, on November 12-13 at its Tbilisi and Mestia, according to the company’s remain after it is open. headquarters, reported Georgia Today. owner,Temur Chkonia. In Tbilisi, an The complex will include a residen- The event, which includes speakers from 18-room hotel located on Erekle Street tial, business, and a recreation zone -- Yahoo, Pepsico, Coca-Cola Hellenic and is slated to open in 2014. Chkonia noted playgrounds, swimming pools and trade Sony Music, is billed as the country’s that he has already invested over $25 mil- outlets -- as well as two public schools fi rst “global” marketing conference. lion in the hotel development. The Bank and kindergartens. of Georgia is fi nancing the construction. TAV Georgia will Invest Carrefour in Tbilisi Another $65 Million Tbilisi The House of Justice opened in On September 13, 2012, the Majid International Airport Tbilisi Al Futtaim Group opened its fi rst Car- The company plans to build a new The new service center can serve refour hypermarket in Tbilisi, a $25 runway, a project that will employ 700 on average 15,000 customers a day and million investment. The hypermarket is people. The project, which should be offers more than 300 services, includ- located on 9,000 square meters in Tbilisi completed in two years, will allow the ing Just drive and Just cafe. Just drive mall and employs 600 people. Carrefour airport to receive all types of aircraft, is a drive-thru service for citizens. The plans to open three more hypermarkets the Ministry of Sustainable Economic Tbilisi Justice House is the 11th in Geor- in Georgia. Development reported in September. gia and has a total area of 32,000 square meters. It was created and designed by European Commission More Georgia-Europe Flights the famous Italian architect Massimiliano Allocated €60 million to Open Fuksas. Support Agriculture in Georgia Georgia Today reported that Fly- Georgia is set to receive €60 million Georgia started Tbilisi-Amsterdam Azerbaijani Company to Build from the European Commission as part fl ights in October, with roundtrip fl ights Dirsichala Complex in Isani- of the 2012EU Action Plan. The grant planned twice a week. In addition, the Samgori District will fi nance modernization programs, budget airline Pegasus added a Batumi- Azerbaijani development company including economic integration and Istanbul fl ight to its schedule, also start- AS GROUP Investment will construct political association with European in- ing in October. Dirsichala complex in the Isani-Samgori stitutions, BPI.ge reported. 6 OCT.-NOV. 2012 Investor.ge OCT.-NOV. 2012 7 Investor.ge The list of candidates for cabinet, as presented by Prime Minister candidate Bidzina Ivanishvili. The cabinet Post Election will become official after the parliament approves the nominees. For the official list and biographies, see www. Cabinet government.gov.ge. ALEXI PETRIASHVILI, State Minister for European and Euro- IRAKLI ALASANIA, Minister of Defense Atlantic Integration www.mod.gov.ge, 20 General Kvinitadze Str., www.eu-nato.gov.ge, 7 Ingorokva Str., Tel: 293 28 67 Tel: 291 19 63, 291 04 21 PAATA ZAKAREISHVILI, State Minister for Reintegration TEA TSULUKIANI, Minister of Justice www.smr.gov.ge, 7 Ingorokva Str., Tel:292 18 81 www.justice.gov.ge, 24 Gorgasali Str., Tel: 240 52 02 DAVIT NARMANIA, Minister of Regional Development and GURAM ODISHARIA, Minister of Culture and Monument Infrastructure Protection www.mrdi.gov.ge, 12 Al.Kazbegi ave., Tel: 251 05 91, 251 06 88 www.mcs.gov.ge, 14 Sanapiro str., Tel: 293 22 55 NODAR KHADURI, Minister of Finance DAVIT DARAKHVELIDZE, Minister of Internally Displaced www.mof.ge, 16 V. Gorgasali Str., Tel: 226 14 44 Persons from the Occupied Territories, Accommodation and Refugees of Georgia KOTE SURGULADZE, State Minister on the Diaspora Issues www.mra.gov.ge, 15a Tamarashvili Str., Tel: 238 47 98 www.diaspora.gov.ge, 7 Ingorokva Str., Tel: 218 13 70 MAIA PANJIKIDZE, Minister of Foreign GIORGI MARGVELASHVILI, Minister of Education and Affairs of Georgia Science www.mfa.gov.ge, 4 Sh. Chitadze str., Tel: 228 47 47 www.mes.gov.ge, 52 D. Uznadze str., Tel: 243 88 19 DAVIT KIRVALIDZE, Minister of Agriculture LEVAN KIPIANI, Minister of Sports and Youh Affairs www.moa.gov.ge, 6 Marshal Gelovani Str., http://msy.gov.ge/, 9 Cholokashvili str, Tel: 223 54 33, 223 02 03 Tel: 237 80 13, 237 80 09 KHATUNA GOGALADZE, Minister of Environmental IRAKLI GHARIBASHVILI, Minister of Internal Protection Affairs of Georgia www.moe.gov.ge, 6 Gulia Str., Tel: 272 57 00, 272 57 20 www.police.ge, 10 Gulua Str., Tel: 299 53 50, 298 39 43 GIORGI KVIRIKASHVILI, Minister of Economic and DAVIT SERGIENKO, Minister of Health, Labour and Social Sustainable Development Affairs www.economy.ge, 12 Chanturia Str., Tel: 299 77 77 www.moh.gov.ge, 144 A. Tsereteli Ave., Tel: 236 90 26 KAKHA KALADZE, Minister of Energy and Natural Resources SOZAR SUBARI, Minister of Corrections and Legal www.menr.gov.ge, 6 Gulua str, Tel: 235 78 00 www.mcla.gov.ge, 42 Al. Kazbegi Ave, Tel: 231 27 37 Investor.ge OCT.-NOV. 2012 9 Investor.ge Five Questions with… WB Regional Director Henry Kerali Henry Kerali is the World Bank’s need to diversify the economies, increase Vani. In addition, the bank will continue (WB ) new Regional Director productivity, strengthen institutional a policy dialogue and support ofkey for the South Caucasus. Before capacity, and to increase physical and reforms through a planned second devel- coming to Georgia, he was the human capital.
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