Swiss train manufacturing company Stadler Rail to set up plant in Georgia
BAKU, Azerbaijan, August 4
By Tamilla Mammadova – Trend:
Georgia is negotiating with leading Swiss train manufacturing company Stadler Rail to set up a plant in the country that will produce metro and railway trains, Trend reports referring to the Ministry of Economy and Sustainable Development of Georgia.
The issue was dsicussed during the meeting of Minister of Economy of Georgia Natia Turnava with President of Stadler Peter Spuhler.
Turnava informed Spuhler about the stable and sustainable business environment of Georgia and the advantages of free trade agreements that Georgia has, stressing that this gives foreign investors the possibility to access markets of 2.3 billion consumers.
"We have one of the best investment environments and now we are one of the safest countries epidemiologically, which is also an important factor for doing business. Stadler is a company that will employ many citizens. The company is ready to start the training and initiate preparatory phase," Turnava said following the meeting.
Stadler has been supplying Georgian market with Swiss-made double-decker trains which used to serve Tbilisi-Batumi train passengers.
The ministry announced that its strategy of attracting international business envisages holding negotiations with more than 400 international companies and offering them Georgian business opportunities and attractive investment conditions.
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