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Daily Archives: October 10, 2016

2017 State Budget Key Parameters


Last week the 2017 state budget bill was submitted to the Parliament of Georgia. The document determines the 2017 forecast revenues by 8 715.0 million GEL, while the forecast tax incomes were fixed at 8 170.0 million GEL, that is 22.3% of total GDP. Under the submitted bill, in 2017 …

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The amount of Faults in Wine Decrease with 10% Every Year

The cases of falsification of wine decreases every year with 10%- The National Ministry of Grocery declared. According to the head of grocery and drinks department, Mariam Gordadze, there were 327 samples explored this year and only 50 of them showed the defects. She explains that in 29 cases, the …

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NOVA Company Expands Business Production

NOVA company expands business. Currently, the enterprise produces water containers and roofing materials and  plans to launch production of plastic goods and about 30 various other products. LLC NOVA technical director Ramaz Iremadze introduced information about the company performance to Ajara Government Chairman Zurab Pataradze and Ajara Finance and Economy …

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Wyndham Hotel Construction to Start in Batumi

Wyndham hotel

Ajara Government Chairman Zurab Pataradze and Ajara Finance and Economy Minister Ramaz Bolkvadze visited the the construction site of 5-star Wyndham hotel in Batumi. The investment value of the 146-suite hotel exceeds 60 million GEL. Currently, final phase of interior works are underway. The hotel will comprise presidential suites, restaurants, …

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Georgian Matsoni Raises Interest in Japan


Georgian Matsoni (Sour Milk) raised much interest at JATA 2016, tourism international exhibition-fair in Japan. National Tourism Administration of Georgia has taken part in the exhibition, jointly with Ajara Tourism and Resorts Department. The following Georgian companies attended JATA 2016: Visit Georgia, Caucasus Travel, Concord Travel, Sakura, Georgia En Route, …

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Whether Georgian Products Overcome Azerbaijani Restrictions

Government of Azerbaijan has taken decision on increasing customs duties and restricting imports. The new decision will come into force soon and will be valid for two years. Government of Georgia assures that the decision will not affect Georgian products and exporters. Azerbaijani officials have confirmed that changes will not …

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