Georgian Economy Minister Levan Davitashvili on Tuesday said “quality” foreign direct investments could enhance the country's competitiveness, in comments during the opening of a renovated citrus plant of Iberia Orbi in the Black Sea town of Kobuleti, which received a Georgian-Slovakian investment of over €3.5 million.
He said the company had “extensive” experience and could contribute “knowledge, qualifications, and expertise” to the region, adding the business had “all the necessary prerequisites” for successful continuation, including “full support” from central and local authorities for the investments to be successful.
"This is a very promising start. We may see the establishment of a modern and competitive new enterprise, which will have great potential for development. This includes not only revitalising the enterprise but also further expansion, such as launching new production lines”, he said.
"I believe this will be a significant addition to the value chain, contributing to improving the social conditions for those involved in agriculture and their crops, as well as strengthening our export potential. These are crucial factors”, Davitashvili added.
