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Daily Archives: April 25, 2016

TBC bank Initiated the Research to Reveal the Public’s Financial Literacy


With the initiative of TBC Bank, for the first time a large-scale study on the public awareness about the basic fundamentals of finance has been conducted in Georgia. The study was implemented with the support of internationally recognized research organizations such as the TNS and the School of Economics ISET. Totally 1,000 respondents took part …

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Construction of Two Small HPPs in Kakheti Region to Start in 6 Months

Deka company, which plans to construct two small hydro power plants at the rivers of Lopota and Didkhevi in the Kakheti Region, has concluded an appropriate memorandum with the Energy Ministry. At this stage, the company is conducting feasibility studies, Deka chief Bidzina Imnadze told the BusinessContact. “Installed generation of …

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Significance of TANAP in its Control by Baku, Ankara


The Trans-Anatolian Natural Gas Pipeline (TANAP) fully meets the interests of Turkey, and its importance lies in the fact that it is controlled by Baku and Ankara, Turkish President Recep Tayyip Erdogan’s Chief Adviser Yigit Bulut said Apr. 25 in an interview with the TV channel TRT Haber. “TANAP will …

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Shah Deniz 2 Project is Now Over 70% Complete

Shah Deniz

Shah Deniz Stage 2 project continued to move ahead with a number of milestones achieved ahead of schedule, BP Azerbaijan said. He made the remarks Apr. 25 at the SOCAR International Practical Conference on “Caspian Basin and Central Asia: Trade, Logistics, Oil Processing and Oil and Chemistry” in Baku. He …

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Georgian Juice LIVO to Launch Exports to USA Market

Georgian Juice Company LIVO to Enter Swedish Market

LIVO, a Georgian natural juices manufacturing company, plans to export a trial consignment of its natural juices to the USA. The company expects this trial to be success. At this stage, LIVO exports its natural juices to Estonia, Germany and Russia, the company representative Levan Arkania told the BPI news …

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Gerogia Plans to Launch Construction of 32 Small HPPs in 2016

Namakhvani HPP

Construction of 32 small hydro power plants (HPP) will start as part of the Gross Energy Group projects in 2016, the company director general Anguli Tkebuchava told the BusinessContact. The company has already carried out feasibility studies and the appropriate documents have been already submitted to the Energy Ministry, he …

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What should We Expect from Kvirikashvili’s Initiatives?

Three months have passed since appointment of Georgia’s new Prime Minister. Giorgi Kvirikashvili took over the position only in 2016, but the business sector has already demonstrated positive attitudes to him, especially, after introduction of the last initiatives. It should be noted Giorgi Kvirikashvili is the favorite prime minister of …

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Bakhtadze: European-standard Adjusted Trains to Serve Disabled Bodies

train Georgia

In summer 2016 bi-level rail cars will operate in the Georgian Railway network. “This is a special event in the history of Georgian Railway, because we have never purchased trains of this type and quality”, Georgian Railway director general Mamuka Bakhtadze told the BPI. The Stadler bi-level train is made …

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