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Gocha Kamkia’s Interview with Polish Business Publication Strefa Nieruchomości Regarding Ambassadori Island’s Investment Potential

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The Polish business publication Strefa Nieruchomości - Magazyn Inwestora has published a comprehensive article focusing on the Ambassadori Island Batumi project. The feature discusses the investment potential inherent in the artificial island and peninsulas, as well as the project's significance for both the economic development of the Black Sea region and for Polish investors, who have demonstrated escalating interest in Georgia’s real estate sector in recent years.

Gocha Kamkia, CEO of Ambassadori Island Batumi, provides an in-depth interview discussing the genesis of the project, its development trajectory, and the artificial island's role as an investment vehicle, not only for Georgia but for the Black Sea region as a whole.

"Batumi, as one of the fastest-growing cities in the Black Sea region, has reached its natural limits for expansion. Shoreline territory is virtually no longer available, yet demand for investment and premium real estate continues to surge. The island project is simultaneously a solution, as it creates new space for development in a strategically vital city, and a symbol, as it reflects Georgia's ambition to become a modern, globally integrated economy where innovation and tradition coexist harmoniously."

In the interview with the Polish publication, Gocha Kamkia also discussed the critical importance of partnerships with international companies. He emphasized that such collaboration is fundamental because it ensures technical safety and transparency are guaranteed by globally recognized institutions. According to Kamkia, interest in the artificial island's investment potential is strong across regions, including the Gulf countries and Eastern European nations like Poland.

“We are deepening ties with Eastern Europe, including Poland, where investors are increasingly seeking new markets that combine genuine growth potential with European accessibility. Georgia's visa-free regime, free trade agreements, and openness to innovation make it a uniquely attractive environment. Poland possesses a rapidly growing economy and global ambitions. By participating in the Ambassadori Island Batumi project, Polish investors can position themselves at an early stage in one of the Black Sea's highest-potential markets, while simultaneously reinforcing bilateral ties between our two nations.”

As Kamkia noted during the interview, the present time is ideal for investors to enter the Georgian market - a market that is secure, possesses a strategic location, and is fully prepared for global integration. This applies particularly to Polish investors, whose real estate acquisitions in Georgia have accounted for 7–8% of the total in recent years.

The extensive article in Strefa Nieruchomości - Magazyn Inwestora, dedicated entirely to Georgia and Ambassadori Island Batumi, repeatedly highlights that Georgia currently stands as one of the most dynamic, open, and opportunity-rich economies, and that Ambassadori Island Batumi is one of the country's largest investment projects, being executed based on international expertise.

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image EBRD promotes domestic production of pharmaceuticals in Uzbekistan

08.01.2026.17:08

  • EBRD provides US$ 20 million to Nika Pharm
  • Company to increase its production capacity, achieve GMP certification
  • Project will stimulate local production of medicines

The European Bank for Reconstruction and Development (EBRD) is promoting further growth in domestic production of pharmaceutical products in Uzbekistan by supporting the operations of leading local manufacturer Nika Pharm. 

Nika Pharm will use the EBRD loan of up to US$ 20 million to restructure its balance sheet and upgrade equipment and facilities in order to increase production capacity, improve product quality and bring the entire manufacturing process into compliance with the Good Manufacturing Practice (GMP) standards of the World Health Organisation’s certification scheme.

The company has been an EBRD client since 2021 and is a well-established producer of tablets, capsules, sachets and nasal sprays for use in the treatment of common colds, as well as in gastroenterology, paediatrics and urology. During this time, Nika Pharm has become a leader in several key segments, including decongestants, and has shown strong and sustainable growth by replacing imports with high-quality local production.

The project will help to expand Nika Pharm’s manufacturing base, improve its sustainability and efficiency, and lead to an average 140 per cent increase in the company’s production of generic pharmaceuticals and prescription drugs. Together with GMP certification, this will allow Nika Pharm to strengthen its position both domestically and regionally.

Uzbekistan’s rapidly growing pharmaceuticals market, which is set to expand by a further 10 per cent by 2029, is dominated (around 75 per cent) by imported medicines. The project will help contribute to the government’s plan of eventually bringing the share of locally produced pharmaceuticals to 80 per cent.

The EBRD has invested over US$ 6.6 billion in Uzbekistan to date through 196 projects, with the majority of those funds supporting private entrepreneurship, contributing to the country’s economic development.

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