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Daily Archives: March 2, 2017

TBC Bank’s New Project To Encourage Georgian Startups


TBC bank starts a project to encourage new generations of Georgian startups, the project is aimed at promoting starting a business. Bank will provide startups with both financial and non-financial services, such as training courses meetings and workshops. With this project TBC bank will expand it’s business service area, from corporate, …

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British American Tobacco Looks to Double its Vaping Markets

British American Tobacco (BATS.L) wants to double the number of countries where it sells vaping products this year and again in 2018, it said on Thursday, as it chases rivals Philip Morris International (PM.N) to grab a share of a growing market. BAT and Philip Morris were the first of …

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Georgian Aircraft Factory to Get Boeing Certification in 2018

Partnership Fund and Israel Company Elbit Cyclone joint project, constructing aircraft factory is in the active phase. According to Partnership Fund, currently, the project detailed layout is completed as well as preparation of specifications of machines and equipment and negotiations with distributors. At the end of the week, excavation process …

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2017 Budget is Essentially Transformed Fiscal Policy

Kumsishvili: We are Meeting Investors on Restoration of Regional Airdromes

The 2017 state budget, as well as government’s midterm budget plan, is an essentially transformed fiscal policy, Minister of Finance Dimitry Kumsishvili noted at a final briefing of International Monetary Fund mission. He held the briefing jointly with National Bank president Koba Gvenetadze and IMF mission head Mercedes Vera Martin. …

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Georgian Startup Treepex Has Made for Top 5 at the World Mobile Challenge


From more than 2500 teams all around the world – Treepex, Georgian startup has made for Top 5 at the World Mobile Challenge in Barcelona, Spain 2017, founder Bacho Khachidze announced. Treepex creates innovative and revolutionary shopping habits and significantly influences purchasing decisions. Treepex is future-oriented as it targets the …

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How Georgian Software Engineer Got a Job in Silicon Valley, California

27-year-old Davit Tvalchrelidze is a Palantir Technologies software engineer in Silicon Valley,California. Dato has been working in this company for 3 years now. Before that, he worked in London office of Palantir Technologies but currently, he works in the company headquarters in the city of Palo Alto, California. “They contacted …

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World’s Giant SAP in Georgian Railways

SAP, one of the market leaders of corporate programs, and Georgian Railway finished establishment of the first SAP S/4HANA project in the Post-Soviet space. The new system will alleviate an adoption of strategic decisions, as well as a flexible management of  organizational processes. At this stage, about 500 persons use …

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Georgia Prepares to Join Energy Community

The Director of the Energy Community Secretariat, Mr Janez Kopač, met with the Minister for Energy of Georgia, Mr Kakha Kaladze, on 27 February in Tbilisi. The officials discussed the country’s energy reforms, Georgia’s accession to the Energy Community and its adoption of the Energy Law. The draft Energy Law …

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