AGBC Welcomes New Members, Zami and Saga

We are delighted to welcome Saga and Zami Group as new members of the America Georgia Business Council. SAGA is a chain offering HVAC systems as well as installation and maintenance services in Tbilisi, Batumi and Kutaisi. The company sources a wide variety of specialized systems from manufacturers in forty different countries. Zami Group is a holding company that owns a number of well-established businesses in Georgia such […]

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IMF Releases 2014 Report on Georgian Economy

The IMF mission expects the 2014 economic growth to reach 5%. This growth is supported by stronger consumption, increased private investment and higher exports (largely due to renewed trade relations to Russia). 5% growth rate is projected for 2015 as well. The mission reports that inflation remains low below the 6% target. The account deficit […]

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Georgia Celebrates Independence Day

The Embassy of Georgia hosted a Georgian Independence Day Celebration on June 2nd, 2015 at the Andrew W. Mellon auditorium in Washington, DC.  Hundreds of people showed up for the festivities which included traditional Georgian music, live jazz, and key note addresses from the US Secretary of the Navy, Ray Mabus, and the Director of the […]

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Schulze Global Invests $100 million in Georgian Hydro

Press Release June 12, 2015 Tbilisi Marriott Hotel Schulze Global Investments launches $100 million investment fund in Georgia along with other international institutional investors  On june 12 at 2:00pm at the tbilisi marriott hotel, schulze global investments limited (“schulze global”) will be hosting a signing ceremony to inaugurate a new private equity fund under the name caucasus […]

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Economic Rankings for Georgia in 2017

On the path of liberal democratic development, Georgia shows remarkable improvement in international rankings, measuring 16th in the World Bank’s Ease of Doing Business ranking out of 190 countries, 13th in the Economic Freedom Index, published by The Heritage Foundation and 59th out of 139 countries in the Global Competitiveness Index ranked by the Global Economic Forum. Even though significant improvements […]

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