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Daily Archives: February 24, 2016

Austrian Georgian Development Ceases Operations in Georgia

"Austrian Georgian Development" Ceased Its Operations in Georgia

“Austrian Georgian Development” ceased its operations in terms of constructing hydro powers throughout Georgia. Based on the decision made by Georgian Prime Minister, the memorandum of understanding is annulled between Georgian government and Ltd “Austrian Georgian Development”. The main reason of this occasion exists in the memorandum; more precisely in …

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Bank Sector’s Revenues and Expenditures Shrink

GEL Lari

The bank sector has reduced gross expenditures, but deposit expenses have increased anyway. In January commercial banks’ gross expenditures marked 229.3million GEL (284.6 million GEL as of 01.2015). The declination is recorded in the year on year context: -19.4%. The revenues have declined by 15.7% year on year. At the …

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BTK Railway Project to Improve Economic Climate in Region


The implementation of the Baku-Tbilisi-Kars (BTK) railway construction project will improve economic climate in the region, Alexander Murinson, a senior fellow at the Begin-Sadat Center for Strategic Studies and Bar Ilan University, told Trend news agency. He said that this project is a guarantor of economic stability, adding that the …

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PORTALI Enters Oil Products Retail Market


A new company plans to launch operation in the oil products retail sector of Georgia. Portal, the oil products distribution company, plans to organize its own retail chain in Georgia. According to the project, the first fuelling station will open in Tbilisi, in the Navtlughi area, in 2-3 months. The company …

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Biodegradable Bags Will Now Produce in Georgia

biodegradable bags Georgia

Company Plastic Production, polyethylene production plant, was put into operation. The plant owned by the company is located in Adjara, where polyethylene biodegradable bags are manufactured. The company is the first in Georgia, which has offered air-bubble, packaging tapes. The management expects replacement of import due to the high quality …

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Turkish Company Ready to Make Investment of $40 million in Adjara

Aşkale Cement announces about the interests linked to the construction of cement and bitumen plant in Adjara. The representatives of the company has introduced the project to the government of Adjara. According to the company’s offer, cement plant should be built on land plot of 50 000 square m, where …

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Amazing Pictures of Soviet Tbilisi

Tbilsi Soviet Times

The architecture in the city is a mixture of local (Georgian), with strong influences of Byzantine, European/Russian and Middle Eastern architectural styles. The oldest parts of town, including the Abanot-Ubani, Avlabari, and to a certain extent the Sololaki districts clearly have a traditional Georgian architectural look with Middle Eastern influences. The areas of Tbilisi which were …

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Court Tells Johnson & Johnson to Pay $72 Million for Cancer Death

It’s the first verdict in more than 1,000 lawsuits filed over dangerous talc-based powders. Johnson & Johnson was ordered by a Missouri state jury to pay $72 million of damages to the family of a woman whose death from ovarian cancer was linked to her use of the company’s talc-based …

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Leading Czech Company To Build Brewery in Georgia

Leading Czech companies plan to invest in Georgia. Under the Georgian Prime Minister’s state visit to the Czech Republic, a meeting was held between the Georgian delegation and representatives of Czech companies. The working dinner in honor of the Georgian delegation was hosted by the Czech Minister of Economy. The …

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Mars Recalls Chocolate After Plastic Found in Product

Chocolate maker Mars has ordered a recall of chocolate products in 55 countries.In the UK the products affected include funsize Mars and Milky Way bars and boxes of Celebrations. In the Netherlands Mars and Snickers bars were also affected. It comes after a customer in Germany found bits of plastic in …

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