Free industrial zones of Georgia await Armenian investorsSeptember 3, 2010 - 19:49 AMT PanARMENIAN.Net - Recently introduced by Georgian government, 200-lari (approx. USD 110) transportation duty for the transfer of transit goods trough the territory of Georgia came as a correct decision. Georgia’s being a transit country necessitated the introduction of transportation duty, a representative of Rakia Georgia Free Industrial Zone company in Georgia told PanARMENIAN.Net Ashot Merakyan, the head of transportation department at RailVneshtrans LLC forwarding company, pointed out that the duty will not affect the price of products imported to Armenia, however causing the increase in transportation cost. As he noted, a similar duty (AMD 125 thousand per vehicle) has long been introduced in Armenia. Rakia Georgia Free Industrial zone in Georgia (Eastern Europe), was set under the aegis of a subsidiary company of RAK Investment Authority (RAKIA). This is the first free zone in the Caucasus Region and is strategically located for easy access to the EU, Central Asia and Caucasus/ Eastern European markets. The free zone is being established next to the Poti Sea Port, which is also a subsidiary of RAKIA, the largest sea port in the Black Sea region and offers tremendous supply chain cost advantage for movement of goods. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Police try to impede Armenian Church head’s access to war memorial Police tried to stop the supreme head of the Armenian Apostolic Church, Catholicos Karekin II, from visiting a war memorial. Greece says ready to help as Armenia fights flooding consequences Greece is ready to assist Armenia in combatting the consequences of deadly floods in the country’s north. “He will leave”: Protest leader no longer demands meeting with Pashinyan Archbishop Bagrat Galstanyan no longer demands a meeting with Armenian Prime Minister Nikol Pashinyan. Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. |