Politics

Politics

Georgian investors interested in Azerbaijanâ€™s economy, Premier says

12 March 2007 14:23 (UTC +04:00)

Georgian Prime Minster Zurab Nogaideli announced overall support to the Caspian Integration Business Club (CIBC) during a meeting with the delegation from CIBC and â€˜Caspian Energyâ€™ International Publishing House on March 9 in Tbilisi. The delegation was headed by President and Editor-in-Chief of Caspian Energy IPH (Senior Vice-President of CIBC-Group) Natalya Aliyeva and President of the Caspian Transport Club (enters in CIBC-Group) Abulfaz Hajiyev. Through the meeting the parties discussed the possibilities of CIBC business expansion across Georgia.
According to Z. Nogaideli, Azerbaijan entrepreneurs will apparently become one of the major investment partners of Georgia.
He reminded that last year SOCAR had purchased the port oil terminal on the Black Sea shore where the intensive work is underway up to now and includes laying a railroad and completing the terminal itself. â€œBy summer 2007 the railway line will be complete and become one more route intended for Azerbaijan oil delivery to worldâ€™s marketsâ€?, Z. Nogaideli underscored.
He also added that the International Bank of Azerbaijan had already obtained a general license and has been actively integrating into the Georgiaâ€™s banking market.
â€œI think these concrete proposals will be followed by other Azerbaijani investments in the Georgian economy. Georgiaâ€™s economy is fully open to Azerbaijani investorsâ€?, Z. Nogaideli said.
â€œWe are working to attract Georgian investors to Azerbaijani economy. Many investors are interested in this business, they are working with their partners and this process does go on. This is a banking sector, processing industry and other sectors of economy as wellâ€?, Z. Nogaideli resumed. /APA-Economics/