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      Archive: 8/10/2008
      14:21
      Reported

      News Brief

        8/10/2008, Av 9, 5768

      Israeli Has $1 Billion Invested in Georgia


      The Israeli-Georgia connection is estimated to be worth $1 billion, according to a former Georgian ambassador to Israel. The Jewish state and private investors have provided military assistance and advisors to Georgia, where pipelines pump oil destined for Israel. A new pipeline is being built to bypass Russian territory.
       
      The Ministry of Foreign Affairs said that Israeli companies in Georgia have begun evacuating their staff and that Israeli tourists are leaving for home.