Fitch rating agency has affirmed “BB-” level to Georgia with the outlook of Stable. External shocks are balanced by growth in tourism sector and money transfers, as well as by the exchange rate flexibility, the agency report reads. The country is trying to narrow the current account deficit that may …
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“Georgia deepens its integration into EU market”, the EU ambassador to Georgia Janos Herman told the Business Contract. The ongoing reforms for adjusting Georgian legislation with EU standards will make the Georgian business more competitive on the EU market, he noted. “We hope that the reformation process will make Georgian …
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FREGO company is expanding the network of filling stations. The company has opened a new facility in village of Akhalsopeli, Gori District, on Tbilisi-Senaki-Leselidze highway. The filling station offers various products. FREGO imports fuel from European countries and imported products fully meet EURO-5 standards. The filling terminals were produced in 2015-2016 …
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This year the founder of KULA cannery will open another plant to produce various tinned products. Geo Concentrate company will manufactures tinned Georgian traditional dishes. The company director general Vano Goglidze told the Business Contract that the cannery will produce tinned Chaqafuli, Khashi, Chashushuli. The new products will be made …
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LLC Georgian Railway in cooperation with CRRC, the Chinese rail transport giant manufacturer, will produce modern-standard locomotives. The parties have already signed a due agreement. At the signing ceremony, Prime Minister Giorgi Kvirikashvili said that the project is of crucial importance for both Georgia and the Region’s economic development. Thanks …
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Turkish businessmen are interested in developing textile production in Ajara. Representatives of Turkish company Igur Textile are visiting Georgia to receive information on the existing business environment in the country, Chamber of Commerce and Industry of Ajara, reports. Turkish businessmen have already held meetings at Ajara Chamber of Commerce and …
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