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World News
Israel has $1 billion invested in Georgia
By News Bulletin
IsraelNN.com
Thursday, Aug 14, 2008

(IsraelNN.com) 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.

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