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Georgian Poti FIZ talks about COVID-19 impact on its activity

Business Materials 19 October 2020 10:39 (UTC +04:00)
Georgian Poti FIZ talks about COVID-19 impact on its activity

BAKU, Azerbaijan, October 19

By Tamilla Mammadova – Trend:

Even during the COVID-19 hard period, cargo movement was never delayed and the statistics of Poti Free Industrial Zone (FIZ) turnover is evidence to that, not dropping below the 2019 data, said Poti FIZ CEO David Ebralidze, Trend reports via Georgian media.

"A well-planned information campaign gave our investors all proper instructions to run their businesses non-stop. Drivers of international cargo carriers who were at high risk were also instructed. With proper management, no cases of COVID-19 have been reported on the territory of Poti FIZ," he said.

According to Ebralidze, not a single enterprise or trading company has stopped its operations in Poti FIZ, and, consequently, Poti FIZ still maintains the status of a ”Green Zone“.

"In March 2020, we developed a post-pandemic strategy tailored to specific sectors and specific regions. We prepared sector studies that reflect our commercial offerings and justify the benefits of Poti FIZ for said sectors, especially pharmaceuticals and FMCG products, which became significant in demand during this period, along with sectors most affected by the supply problem caused by the isolation of China," he said.

As he said, Poti SIZ mainly positions on medium and small business projects, with an investment volume of up to 30 million lari ($9.3 million), though this does not exclude the attraction of large projects to Poti FIZ.

"Since the movement between countries is limited, we participate in various webinars or online forums. We also plan meetings with embassies and chambers in an online format to preserve contact to the extent possible, to prevent an information vacuum, and to disseminate as much information about the ongoing processes as possible," Ebralidze added.

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