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ARMENIAN BUSINESSMEN IN GEORGIA TEND TO CONCENTRATE ON TRADE, TOURISM
PanARMENIAN.Net
May 31, 2012 - 11:58 AMT
PanARMENIAN.Net - More than 300 international experts gathered in
Tbilisi, Georgia, for the Annual Meeting of the European Fund for
Southeast Europe (EFSE), which aims to foster economic development
and prosperity in the Southeast Europe region.
Operating in Albania, Armenia, Azerbaijan, Belarus, Bosnia and
Herzegovina, Bulgaria, Croatia, FYR Macedonia, Georgia, Kosovo,
Moldova, Montenegro, Romania, Serbia, Turkey and Ukraine, the EFSE
provides supplemental and sustainable development finance, primarily
to micro and small enterprises and low-income private households,
via qualified partner lending institutions, namely commercial banks,
microfinance institutions and non-bank financial institutions located
in the target region.
Since inception of the Fund in 2005 until December 31, 2011, the
cumulative amount of investments in partner lending institutions
totaled EUR 1.13 billion, supporting 74 commercial banks and
microfinance institutions.
Prior to the main event, journalists made a tour to the Bank of
Georgia, which hosted a presentation on the bank's activity by Ms.
Thea Jokhadze, the Head of Debt Capital Markets. Among other topics,
Ms. Jokhadze mentioned the favorable business environment in the
country, saying that many entrepreneurs from neighboring Armenia and
Azerbaijan come to establish business in Georgia instead of doing so
in their own states. Asked by a PanARMENIAN.Net reporter what kind of
business Armenians prefer to start in Georgia, she said: "As far as
I am aware, they tend to concentrate in trading and tourism sectors."
Ms. Jokhadze also emphasized that despite the existing problems with
Russia, major Russian companies such as Beeline, Lukoil, VTB Bank
are successfully operating in the Georgian market.
The Meeting kicked off on May 31, with welcoming addresses by
Georgian Prime Minister Nika Gilauri, German Minister for Economic
Cooperation and Development Dirk Niebel, Chairperson of the EFSE
Board of Directors Monika Beck and Governor of the national Bank of
Georgia Giorgi Kadagidze.
The Armenian delegation at the event includes representatives of
Byblos Bank, Converse Bank, VTB Bank and a number of other financial
institutions.
From: Baghdasarian
PanARMENIAN.Net
May 31, 2012 - 11:58 AMT
PanARMENIAN.Net - More than 300 international experts gathered in
Tbilisi, Georgia, for the Annual Meeting of the European Fund for
Southeast Europe (EFSE), which aims to foster economic development
and prosperity in the Southeast Europe region.
Operating in Albania, Armenia, Azerbaijan, Belarus, Bosnia and
Herzegovina, Bulgaria, Croatia, FYR Macedonia, Georgia, Kosovo,
Moldova, Montenegro, Romania, Serbia, Turkey and Ukraine, the EFSE
provides supplemental and sustainable development finance, primarily
to micro and small enterprises and low-income private households,
via qualified partner lending institutions, namely commercial banks,
microfinance institutions and non-bank financial institutions located
in the target region.
Since inception of the Fund in 2005 until December 31, 2011, the
cumulative amount of investments in partner lending institutions
totaled EUR 1.13 billion, supporting 74 commercial banks and
microfinance institutions.
Prior to the main event, journalists made a tour to the Bank of
Georgia, which hosted a presentation on the bank's activity by Ms.
Thea Jokhadze, the Head of Debt Capital Markets. Among other topics,
Ms. Jokhadze mentioned the favorable business environment in the
country, saying that many entrepreneurs from neighboring Armenia and
Azerbaijan come to establish business in Georgia instead of doing so
in their own states. Asked by a PanARMENIAN.Net reporter what kind of
business Armenians prefer to start in Georgia, she said: "As far as
I am aware, they tend to concentrate in trading and tourism sectors."
Ms. Jokhadze also emphasized that despite the existing problems with
Russia, major Russian companies such as Beeline, Lukoil, VTB Bank
are successfully operating in the Georgian market.
The Meeting kicked off on May 31, with welcoming addresses by
Georgian Prime Minister Nika Gilauri, German Minister for Economic
Cooperation and Development Dirk Niebel, Chairperson of the EFSE
Board of Directors Monika Beck and Governor of the national Bank of
Georgia Giorgi Kadagidze.
The Armenian delegation at the event includes representatives of
Byblos Bank, Converse Bank, VTB Bank and a number of other financial
institutions.
From: Baghdasarian