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Daily Archives: December 7, 2016

Government to Spend 30 Million GEL for Kutaisi Airport

Kutaisi International Airport will have a new terminal and runway. The government will spend 30 million GEL for the project. There is sum of money in 2017 state budget which will be spent on the project. It is also possible that Kutaisi airport and Tbilisi Central Station will be connected …

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Taxation System should be Better to Attract More Investors

Temur Chkonia Wants to Take Lead from Sandora

Georgia should attract visitors with a good taxation system not with khinkali” – declared businessman, Temur Chkonia. According to Chkonia, taxation system in Georgia should be very liberal and stable. The businessman believes that Georgian economy and GEL exchange rate is too dependent on Turkish economy. Chkonia says that there …

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Silk Road to Invest 120 million USD in Tsinandali and Tbilisi Hotels Projects

Silk Road Group will invest 120 million USD in developing Tsinandali and Tbilisi hotels projects – Radisson BLU Telegraph and Radisson BLU Tsinandali, Silk Road Group head Giorgi Ramishvili said. Tbilisi-based 5-star hotel will comprise 200 suites and will be practically united with Radisson BLU Iveria hotel, Giorgi Ramishvili said. …

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“Silk Road Group” to Start One More Project in Energy Field

“Silk Road Group” will start a new project in energy. According to the head of the company, Giorgi Ramishvili, one more new hydroelectric plant will be built in Ajara. The plant will have  40 megawatt strength.  Ramishvili declares that 50-60 million will be invested in the project.  Hydroelectric power plant …

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Channel Georgia FZC to Attract UAE Businessmen to Georgia

Fady Asly

With the motivation to draw more FDI from foreign markets, in particular from UAE, FADY ASLY, Chairman of International Chamber of Commerce (ICC) recently founded an international consultancy firm – Channel Georgia FZC. Property Georgia interviwed Mr. Aslyregarding Georgia’s investment climate and the role the firm he founded will play …

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Badagoni to Launch Wine Exports to USA in 2017


Badagoni strong drinks manufacturing company plans to launch wine exports to the USA in 2017, the company founder Giorgi Salakaia told the Business Contract news portal. The company will enter the US market stage by stage and strengthen positions in 2018-2019, he said. Currently, the company has not determined an …

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Georgian Startup OptioAl Obtains FinTech Award in Germany


FinTech event in Berlin has for the first time hosted Fincluders: Startup Challenge contest. About 100 startups were represented at the competition and the jury selected only 15 best ones, including OptioAl, one of the successful projects of Startup Georgia contest. According to TechnoPark information, OptioAl project authors have obtained …

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