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Monthly Archives: August 2016

PMCG: Except Hepatitis C Medications, Import Declined by 10.6%

In the first half of 2016, compared to the corresponding period of the previous year, the volume of exports reduced (-5.7%) overall with the declines especially steep in the export of Ferro-alloys (-32.6%), motor cars (-24.5%) and medicaments (-24.4%). Without including medicaments for hepatitis C the volume of imports also decreased …

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Revenues from Tourism Sector Rose by 48 million GEL in Q1

Georgia tourism

Quantity of international visitors in January to July made up 3 400 35 persons, up 10.6% compared to the same period of 2015 and this is an unprecedented big figure. The number of touristic visits made up 1 401 914 ones, up 208 436 compared to the same period of …

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Georgia is Number one Brandy Exporter in Russia

Sarajishvili brandy

Exports of cognac from Georgia to Russia has almost doubled, to 1.1 million liters in the first half of 2016, wrote the newspaper “Vedomosti”. As stated in the report of the Center of federal and regional markets for alcohol (TSIFFRA), from May to June, the Georgian brandy had 48.1% of the …

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Electricity Consumption Grows after Georgian Manganese Resumes Works

In June electricity consumption by direct consumers increased by 6.4% after Georgian Manganese (GM) resumed mining works. According to Galt&Tagart information, the full effect of restoration of works by GM was recorded in June, because the company resumed works on May 20. The consumption by Georgian Manganese has increased by …

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Chinese Jacket Manufacturer Factory to launch in Georgia

Chinese Jacket Manufacturer Factory to launch in Georgia

In Georgia it is planned to launch the factory of jackets by using Chinese Investments.  During the visit of Georgian Delegation in China a memorandum on trade and economic cooperation between Partnership Fund and  the factory of jackets of Zhejiang Province of China has been signed. “We hold negotiations with Chinese side to launch the …

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Sheikh Nahyan: Batumi will Become Tourism Center for Region’s Population

Sheikh

First Vice Prime Minister of Georgia Dimitri Kumsishvili and Nahyan Bin Mubarak Al Nahyan, Sheikh of United Arab Emirates (UAE), and his accompanying persons  visited the former military range territory in Gonio, where major investment projects will be implemented. Today we updated Sheikh Nahyan on the existing investment potential in …

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Water Supply System Rehabilitation Works Ongoing in Tkibuli Municipality

Junasher Burchuladze – Executive Director of the Municipal Development Fund of Georgia of the Ministry of Regional Development and Infrastructure of Georgia has been visiting project site of water supply system rehabilitation works in Tkibuli Municipality, he has entered into conversation with people employed at the construction site. The project is backed by …

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Success of Small Poultry Companies Beat Bigger Ones?

Over the past years alarming and heavy problems have appeared in the poultry sector of Georgia, experts assert. Despite serious difficulties, the number of small poultry enterprises has increased on the market.  The Caucasus Business Week (CBW) has inquired what reasons have preconditioned this process. Sabudara Poultry Enterprise Sabudara poultry …

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IPO of Partnership Fund Discussed at Hong Kong Stock Exchange

Partnership Fund has considered rehabilitation project of tea plantations in Georgia with company “Oriental Patron Financial Group” at Chinese-Georgian business forum held in Shanghai for the first time.  Moreover, they have also agreed with China National Technical Import & Export corporation to start glass manufacturing in Georgia. However, a meeting …

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