Georgia, Israel intend to facilitate visa system - PM

Georgia and Israel intend to simplify the visa system, Georgian Prime Minister Bidzina Ivanishvili said at the Georgian-Israeli business forum today.

He said the Georgian government will deal with the simplification of the visa regime between the two countries and reduction of the ticket cost.

"We can agree on reducing the ticket cost," he said. "We are talking about this with certain companies."

The Prime Minister also proposed Israeli businessmen participate in the co-financing fund which was established at his initiative.

Ivanishvili said that the fund will be commercial rather than social and any businessman will be able to participate in it in case of a return of the project profitability.

"If your business idea is well-founded, the fund will be able to fund 25 to 75 per cent of the project," he said.

Ivanishvili said the government will create all conditions for Israeli businesses to start developing in Georgia.

"The Georgian government has been motivated to attract investments into the country, as prosperity can only be achieved through economic revival," Ivanishvili said.

The Prime Minister drew Israeli entrepreneurs' attention to the low taxes in Georgia, the country's geographical location and climatic conditions which are attractive to investors.


/Trend/