Home News Economic Cooperation between Georgia and Czech Republic to be deepend

Economic Cooperation between Georgia and Czech Republic to be deepend


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Ministry of Economic Development forecasts for this year significant increase of investments in Georgian communications, agriculture, infrastructure, tourism etc. This forecast was voiced during Georgian-Czech business forum, held today within framework of visit of Czech state delegation, led by Prime-Minister Mirek Topolanek.

According to State Department of Statistics, last year volume of Czech direct investments made up $14.75 million, while the figure amounted for $1.28 million in 2005, $277,000 – in 2004, $250,000 – in 2003.

Czech capital is represented in Georgian energy and healthcare. Last year Czech Energo-Pro acquired United Energy Distributing Company, while in April this year Georgian-Czech company Block Georgia won in one of the project within state program for hospital sector developing.

Czech Republic is not among major trade partners of Georgia. According to Department of Statistics, trade turnover for January-March 2007 made up $9 million. Georgian export made up only $861,900, while Czech import – $8.9 million.

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