IG CHAMBER

Prominant People On IGCOB

Today I repeat my call for Georgia's diplomats, together with their Israeli counterparts, to extend

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Israel-Georgia Chamber of Business - the new word in business diplomacy represents non-governmental, non-profitable organization, established in 1996 by the Chairman of the Parliament of Georgia - Zurab Zhvania and the president of the Federation of Israeli Chambers of Commerce - Dan Gillerman.

Chronology of events within and beyond the CoB activities

          > Opening of Israeli Representations in five CIS countries
          > Opening of State Department of Tourism and Resorts of Georgia in Israel
          > Establishment of the first Israeli International Representation in Georgia
          > Organizing President Saakashvili visit to Israel, USA, and Turkey in order to promote and protect common business interests and relations

Successful Business through Linking the Countries

It is ten years already that Israel-Georgia Chamber of Business (CoB) steadily promotes the mutually beneficial cooperation of the two friendly countries through acting as a guide of Israeli investors on Georgian market. The last ten years brought many changes and developments in the political and economic landscape of Georgia - the Eastern European country being in the process of democratic transition.

Nowadays Georgia is an emerging market, as most Central and Eastern European countries used to be less then 15 years ago now being the members of the European Union. Georgia is becoming more and more attractive country on the investors’ world map. If someone hasn’t invested in new member countries of the EU in the nineties and now regrets that, today Georgia gives them the best opportunity to improve the mistake.

The importance of foreign investments for developing Georgian economy on the one hand, and hastily developing Georgian-Jewish relationships are the very factors the Israel-Georgia Chamber of Business uses to encourage foreign investors to enter the Georgian market.

New government of Georgia explicitly declared its support to investor companies and investment projects developing in the country. After the Israeli visit of the president Mikheil Saakashvili, where he met the local business sector representatives and promised personal support as well as guaranteed security for their business initiatives, the new stage of Israeli-Georgia economic relations began. As a result, the interest of Israeli business in Georgian investments increased for nearly five times and the Chamber of Business noted remarkable upheaval of investments respectively.

Two years ago the Chamber of Business coined the new motto: “Make Israel a leading investor in Georgian economy”. Indeed, the last two years have been noteworthy for developing a number of important investment projects. Today we can say that as per private capital invested inGeorgia, Israel is among the leaders again.

Growth of democracy, stable economic environment, liberal taxation policy and other positive developments form a favorable atmosphere for Israel-Georgia business relations to enter the new phase - the phase, in which the number of the successful investment projects is more important that the number of the investors itself.

In few years Georgia has achieved outstanding progress in terms of creating favorable environment for business development in the country. Doing business in Georgia has never been this easy. Being outside of top 100 recently, Georgia managed to pop up to 18th position on the ‘ease of doing business index’ chart prepared by the World Bank Group (http://www.doingbusiness.org/economyrankings/). Georgia holds top positions in the categories such as licensing, registering property, starting business and protecting investors. Success of CoB member companies’ investment projects is the additional proof of the achievements Georgia has made in the field. This success makes us confident that Israel-Georgia Chamber of Business is stirring to the right direction.

In close cooperation with the Embassy of Israel in Georgia the Israel-Georgia Chamber of Business will continue to direct its efforts to boost the positive cooperation between the two countries.

The Business Forum “We Build Together” planned on March 31, 2008 proudly presents the successfully implemented investment projects and new investment initiatives to be developed in 2008.

Quotes

Today I repeat my call for Georgia's diplomats, together with their Israeli counterparts, to extend every effort to facilitate business exchange between our two countries. Our Bi-national Chambers of Commerce play a crucial role in facilitating such exchanges, by sharing expertise and lowering the language barrier for those with the most to give; they are a model with proven success at developing international economic relationships.

The Israel-Georgia Chamber of Business has distinguished itself through its many years of hard work and project implementation, proving its importance and efficiency time.

Mikheil Saakashvili

President of Georgia

"The Federation of Israeli Chambers of Commerce will be glad to assists Israel-Georgia Chamber of Business in relations between two countries."

Dan Gillerman

President of the Federation of Israeli Chambers of Commerce (1996)

"The establishment of the Israel-Georgia Chamber of Business will strengthen all kinds of relations between two countries."

Zurab Zhvania

Chairman of Parliament of Georgia (1996)

"Let us cooperate in order to accomplish our state and national goals."

Moshe Katsav

President of the State of Israel (2000)

"Thank you for your assistance."

The Ministry of Foreign Affairs of the State of Israel

Deputy Manager in Cultural Field

"The Embassy of the State of Israel cooperates with great success with Israel-Georgia Chamber of Business."

Rivka Cohen

The Ambassador of the State of Israel (2002)

"We want to thank Israel-Georgia Chamber of Business for their assistance in regards to the Independence Day of Israel"

Rivka Cohen

The Ambassador of the State of Israel (2002)

"I understand that there is strong cooperation between the Embassy and the Chamber of Business and hope that this cooperation will continue in the future.

The Ministry of Foreign Affairs of the State of Israel

Superintendent-in-Chief

"We express our interest in cooperation with Israel through The Embassy of the State of Israel and Israel-Georgia Chamber of Business"