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Israeli business returns to Georgia

Business Materials 21 December 2011 20:22 (UTC +04:00)

Georgia, Tbilisi, Dec. 21 / Trend N. Kirtskhalia /

Israeli brand of hotel chain RIXOS enters the Georgian market, the Georgian-Israeli Business Chamber said on Wednesday.

According to the information, representatives of RIXOS company will sign the agreement with the Georgian side on Wednesday.

"After a global crisis and a pause for several years, thanks to this project Israeli investments again return to Georgia," president of the Georgian-Israeli Business Chamber Itsik Moshe said. "The return of the Israeli business to Eastern Europe begins from Tbilisi."

The success of the project will be an incentive and a kind of symbol of developing business relations between Georgia and Israel," the statement said.

It should be stressed that the process of intensifying the Georgian-Israeli relations began after the Georgian president pardoned two Israeli businessmen - Roni Fuchs and Zeev Frenkiel. They were accused of bribery and convicted by the Georgian court.

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