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Daily Archives: December 15, 2016

Georgia Ranks 36th Among World’s Drunkest Countries


Georgian people drink 23 bottles of wine, or 173 glasses a year. according to new research by Movehub. The average person spends roughly 270 GEL a year and 7 GEL per bottle on the vino – and yet we’re still placed 36rd globally! The Swiss, world leaders in this esteemed field, will spend …

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ADB, Georgia Sign Loans For Water and Sanitation Improvement Projects

The Asian Development Bank (ADB) and the Government of Georgia have signed a $99 million ADB loan to upgrade water supply, sewerage, and sanitation systems for nearly 62,000 households in the secondary towns of Marneuli, Bolnisi, and Chiatura. “The project will help meet the growing demand for reliable, safe water …

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Nino Chikovani Promoted to General Board of World Chambers Federation

Nino Chikovani, president of Georgian Chamber of Commerce and Industry, has been elected as a member of general board of World Chambers Federation (WCF). Voting process was carried out stage by stage  in November 2016. A total of 1200 member chambers from 125 countries took part in the voting process. …

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Kheledula 3 HPP Construction Works Underway

Minister of Energy Kakha Kaladze and the Anadolu Group founder have signed a memorandum on construction of Kheledula 3 hydro power plant (HPP). The project will be implemented on the ground of mutual understanding memorandum signed with Government of Georgia in May 2015. The company is obliged to sell a …

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Kaladze – Meeting with Gazprom Ends up With no Result

Kaladze - Meeting with Gazprom Ends up With no Result

“Gazprom still demands to receive financial reimbursement from Georgia”, – Kakha Kaladze declared about it after the meeting with “GazpromExport”. The minister, returned from Vienna, declares that the meeting with Gazprom representatives has ended up without result, as, Georgia has different point of view from Russia. “Russian side wants to …

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Georgian Co-Investment Fund Presents $131 million Mtkvari HPP

Mtkvari HPP

Georgian Co-Investment fund will hold presentation of $131 million project Mtkvri HPP, tomorrow. In 2014, GCF acquired 100% ownership of Mktvari HPP project, a Georgian hydro power plant project located in Akhaltsikhe Municipality of Samtskhe-Javakheti Region, on the river Mtkvari, from JSC Caucasus Energy and Infrastructure (‘CEI’). The project’s total investment …

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Dunkin Donuts Factory Underway in Georgia

Dunkin Donuts Georgia

Dunkin Donuts Georgia creates centralized, high-tech factory and will produce donuts locally. From now on, American restaurants will get new 100% Georgia made donuts. Additionally, on December 16-17-18, customers of all seventeen Dunkin Donuts restaurants will have opportunity to purchase donuts for 1 laris. “Our goal was to offer our customers, …

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