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Daily Archives: October 5, 2015

Georgian Railway Talked Social Awareness Initiatives at 110th Anniversary

Georgian Railway

Georgian Railway’s General Director Mamuka Bakhtadze spoke about the company’s new social awareness initiatives at Railway’s Workers Union 110th anniversary celebration. Bakhtadze emphasised three priorities for the Georgian Railway: healthcare, education, and improvement of working conditions. In terms of healthcare, apart from the corporate insurance packages Georgian Railway is allocated …

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Highest Russian Oil Output Since Soviet Era

brent Oil's CBW

Russia’s oil production in September hit a new record for the post-Soviet era, at 10.74 million barrels a day (mbd), according to Rusmininfo. Output was up by 0.4 percent compared to August. The previous best performance was recorded in March at 10.71 (mbd). “The low oil price had no impact …

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Apple and Google Named World’s Most Expensive Companies for Third Year

Apple and Google named world’s most expensive companies for the third time in a row by Interbrand Corp. Interbrand’s “100 Best Global Brands” is an annual report that the brand consultancy company has been putting together for the last 16 years According to Interbrand, Apple’s net worth has hiked by 43% this …

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Shakespeare’s Globe Performs Hamlet in Tbilisi Today

The famous British theater Shakespeare’s Globe will perform its production of Hamlet in Tbilisi’s Mushtaidi Park within the framework of Tbilisi International Festival of Theater.  Shakespeare’s Globe has become one of the most popular visitor destinations in the UK, at the heart of the regeneration of London’s Bankside. Shakespeare’s Globe …

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Export from Georgia Continues to Decrease

The volume of export from Georgia significantly decreased in January-August period of this year. In the first eight months of 2015, the export volume from Georgia reduced by 24% and amounted to $1,459 million. In the same period, the foreign trade turnover amounted to $6,395 million. Export makes only 23% …

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Kula: Zedazeni Juices May Reduce Sandora Sales in Georgia

The juice companies operating on the Georgian market assess beer company Zedazeni’s entry into the natural juice market. General Director of Kula doesn’t consider Cezar Chocheli’s company as a rival and says that all depends on the company’s activities. As for the juice market expansion, he notes, that the more local …

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Danish Saxo Bank Eyeing the Georgian Market

The Danish investment bank Saxo Bank is interested in entering the Georgian market.  As the Bank representatives told CBW, the Bank is not planning to open an office in Georgia yet. However, Saxo has many private clients in the country and will announce its new partner on the Georgian market …

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June13 Disaster Didn’t Strengthen Insurance Culture in the Country

The insurance culture in the country is still at a low level. In this regard, the changes were expected after the June 13 disaster when a number of companies and citizens faced huge material losses. Nevertheless, as the insurance companies say, demand for the real property insurance has not noticeably …

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Harvest 2015: 118,000 Tons of Grapes Processed in Kakheti

Kakheti Rtveli 2015

As of today, more than 118,000 tons of grapes were processed in Georgia’s Kakheti region. More than 80 million GEL has been generated as a result. 4,346 tons of grapes were processed in a single day on October 4, which indicates that the processing of grapes has been successfully on-going …

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Georgia Has Double Fatal Car Accidents Compared to EU Standards

In Georgia, the number of fatal automobile accidents is twice the amount of average car crashes of the European countries, says the minister of Regional Development Nodar Javakhishvili. As the signatory of the EU Association Agreement Georgia took on the responsibility of improving its indicators in many different sectors. Minister …

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Germany May Become Iran’s #1 Trade Partner

CBI Deputy Governor in charge of foreign currency department Qolamali Kamyab said on Sunday that Germany can become Iran’s first number one trade partner due to high quality of German made products, IRNA reported. High quality of German products and low marketing charges can put Germany as Iran’s first trade …

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