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Daily Archives: October 25, 2016

TBC Bank Acquired Kopenbur Insurance Company

TBC Group has entered the insurance market of Georgia. TBC Group has appointed a news conference at 13 o’clock on October 26, where TBC Bank director general Vakhtang Butskhrikidze will divulge the deal details. Kopenbur insurance company launched operation on the Georgian market in late July 2014. The company is …

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DHL Shows Interest in Cargo Transportation Through Baku-Tbilisi-Karsi Railroad


Another major German company may launch cargo transportation through Georgian corridor. DHL German transportation-logistics company is interested in cargo transportation between Asia and Europe through Baku-Tbilisi-Karsi railway.  The issue was discussed at the meeting between the director of Azerbaijan Railway company and manager of Shanghai branch of DHL. At the …

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A Long-Term Perspective Is The Most Important in Business

Savse is the only drink which includes the mixture of fruit and vegetables. At the same time, during its production there is a new technology, such as cold pasteurization used. This allows maintaining the taste, vitamins and minerals, which usually disappears in case of hot pasteurization.  The main message of …

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Iran to Sign Six New Oil Deals Soon


Iran is expected to sign six new oil MoUs in the near future, Gholam Reza Manouchehri, an official with the National Iranian Oil Company (NIOC), said. Manouchehri said that under the newly developed model Iran Petroleum Contract (IPC) foreign companies can use Iranian partners in the projects, SHANA news agency …

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Whether Fuel Prices Keep Rising


Several days ago, fuel prices increased in major parts of refueling stations in Georgia, with the average upturn per liter making up to 5-6 Tetri. The Caucasus Business Week (CBW) has examined reasons for growing fuel prices all over the country, as well as expected tendencies for the future. “An …

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Nikoloz Basilashvili Beats World No.10 Tennis Player

Georgian tennis player Nikol Basilashvili beats Tomáš Berdych is a Czech professional tennis player ranked world No.10. Play involved three sets, which ended with the win of Georgian athlete 6:4; 6:7(5:7); 7:5 points. The Erste Bank Open in Vienna kicked off on Monday, The 24-year-old won the event ealier, beating Brazilian Thomaz Bellucci. In …

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