Investments in Georgia to reach $1 bln by late 2011
Georgia, Tbilisi, Nov.18 / Trend, N. Kirtskhalia /
Volume of investments in Georgia will reach one billion dollars by late 2011, Georgian Economy and Sustainable Development Minister Vera Kobalia said on Thursday.
This statement was made at the Tbilisi Hotel "Radisson", where the international publication
"The Economist" held a conference on Georgia's economic opportunities. Kobalia said Georgia receives investments in various sectors, including in the energy sector.
"With regard to energy contracts, I can say that investments will increase significantly from 2012, as we have already concluded twice as many contracts," she said.
Also, Kobalia said, the Georgian National Investment Agency intensively works on the development of textile industry in the country.
"In this regard, Turkey displays particular interest in the development of textile business in Georgia, and now a series of talks with Turkish investors are underway," Kobalia said.