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Georgian company starts business on U.S. market

Business Materials 9 June 2010 10:21 (UTC +04:00)

Georgia, Tbilisi, June 9/ Trend, N. Kirtskhalia /

The Georgian UGT company has entered the U.S. market, President Giorgi Chirakadze said at a press conference.

"UGT is the first Georgian company to have entered the U.S. market," Chirakadze said.
He said the company will create a venture fund in Tbilisi to finance innovative ideas and IT projects.

According to Chirakadze, the company will work in both the public and private sectors.

"This is a pretty big challenge for our company. We are actually starting a business, as a completely independent company, that will carry out operations in the United States," he said.

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