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Daily Archives: March 15, 2017

David Kirvalidze To Serve As the Advisor of Prime Minister of Georgia

David Kirvalidze

David Kirvalidze will serve as the advisor of prime minister of Georgia in Agriculture development field. David Kirvalidze brings 24 years of leadership and management experience in agriculture development specifically focused on development policy, value-added agriculture and private sector development. In 2000 and 2012, Mr. Kirvalidze served two terms as …

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Summary of Georgia Gaming Congress 2017

On March 1, Tbilisi hosted the third international Georgia Gaming Congress. Reputable experts discussed the latest development trends of gambling industry, and exhibitors displayed advanced products.  Around 200 people attended the event. One quarter of them were top managers that represented large companies. Event was in the spotlight of Georgian …

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Tallinn Hosted the Largest Blockchain Conference in the Baltic States

Tallinn hosted a large-scale conference dedicated to blockchain technologies and cryptocurrency development – Blockchain & Bitcoin Conference Tallinn. The event became the largest platform for blockchain entrepreneurs and developers in the Baltic states. The conference was attended by 250 people from 20 countries. Event organizer is Smile-Expo, the company that …

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International Management Company Ginza Project Enters Georgia

International management company Ginza Project has entered Georgia and taken over management of two boutique-style hotels. Official inauguration of one hotel will be held in several weeks, while another hotel will open at the beginning of 2018. GINZA Project will also exclusively manage the residential complex of GERGETI RISE RESIDENCES. …

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First Phase of UEFA Standard Stadium Construction in Zugdidi to End in Autumn

Active works are being performed for constructing Zugdidi central stadium meeting UEFA third-category standards. Currently, construction of all wings of the main stadium has been finished. Internal works and football playground works are being performed. The first phase of construction works are financed by 9 947 000 GEL.  Total budget …

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Investments Inflow to Ajara Grew by 17%

Investment inflows to Ajara Region rose by 17% year on year. Private investments of 427.9 million USD was made in Ajara in 2016, including 301.7 million USD foreign direct investments and 126.2 million USD domestic private investments. Power sector ranks first with 45.5% ratio, tourism sector is second with 31.6%, …

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Wearart- Online Shop of Handmade Items by Georgians Artists

“We believe that every item which is handmade and its concept is thought out is an Art”. Wearart is an online shop of Georgian handmade items which started working actively only in the last month. Tatia Kariauli and Keta Kavlashvili came up with an idea about a year ago and the first …

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New Export Opportunities in the Agricultural Industry

Georgia, with its diverse climate resources, allows the production of various perspective one year and perennial crops. Georgia is known as the homeland of wheat and vine, although besides these two cultures, Georgia has a lot of other popular crops. Recently, the agricultural sector is developing step by step. Both …

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Georgian Juice to Sell in the US in April

Bio product company produced rosehip juice will be sent to the state of Georgia, US at the end of the month. As the head of the company, Merab Abashidze declared to Businesscontract, the first container has already been sent. The company gained a certificate of US organic to export its …

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Kutaisi University Campus Construction to Launch in April, 2017

Kutaisi University Campus construction works will start in April, 2017. According to Kartu group, which implements the project, at this stage,  construction preparation takes place . More precisely, soil and channel are being rehabilitated. Concerning study process at the University, Vakho Tsagareli explains that German partners are involved in creating …

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Bank of Georgia Subsidiary M2 Killing Competition in Development Business


The issue of ownership of noncore assets by commercial banks maintains relevance. Besides Georgia, many other countries have been monitoring involvement of commercial banks in various noncore activities for many years. These countries have set various restrictions. Thus, this issue is relevant in   many other countries, not only in Georgia. …

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