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Daily Archives: April 10, 2017

Investors Have No Interest in Production of Zanavi Mineral Water

Investors did not have interested in the production of Zanavi Mineral Water. According to National Environment Agency, the auction announced on the license of mineral water deposit usage has failed. None of the entities took part in the auction. Initial price of the 25-year license has been 5 million GEL, …

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Malone Finance Limited has Sold 100,000 Shares in the TBC PLC

TBC bank

Malone Finance Limited, an affiliate of the Georgian Co-Investment Fund („Malone”), has previously bought shares in connection with a derivative instrument entered into with Mamuka Khazaradze and Badri Japaridze, Chairman and Deputy Chairman of TBC PLC respectively.   After the sale of these shares it is understood that the total …

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CEO of the BitFury Group to Report at Blockchain & Bitcoin Conference


The annual Moscow-based Blockchain & Bitcoin Conference will feature a presentation of the legendary blockchain entrepreneur, founder of BitFury Group, Valery Vavilov. He will focus on blockchain as a new technological revolution. Media presents news about yet another large-scale BitFury project every two weeks. Shortly before its fifth anniversary, the …

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Georgian Researcher Obtains Fogarty International Center Grant

Zurab Nadareishvili

Zurab Nadareishvili, Tbilisi State Medical University professor and associated professor for George Washington University Neurology faculty,  has obtained a grant of Fogarty International Center of US  National Institutes of Health for conducting scientific research. According to Ministry of Education of Georgia, the Georgian researcher, currently, chairs John Hopkins Hospital’s Stroke …

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Wine Export Data of First Quarter

According to National Wine Agency data, in January-March 2017, 14 199 018 bottles (0,75l) of wine has been exported to 38 countries worldwide, which is 85% higher, than the similar data of the last year. In the period under review, 32,2 mil USD worth of wine has been exported, that …

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Shuakhevi HPP Will Be Commissioned in 2017

The country’s largest investment Hydro Project Shuakhevi HPP will be commissioned and will produce its first flow of electricity in 2017. The second largest hydro power plant in Georgia after Enguri HPP was constructed with the most up-to-date technologies, in record timeframe and with highest standards for quality. Recently, the …

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As Easter Arrives – Business Sector Expects Higher Spending


The Easter is always celebrated with special mood in Georgia. Preparations start several days earlier. People make Easter Cakes symbolizing the Golgotha, the mountain, where the Savior was crucified on Friday. Eggs are colored in red on Friday and this tradition also symbolizes the Savior Crucifixion. The Caucasus Business Week …

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Georgian Poultry Enterprise Moves to HACCP Standards

Roster poultry enterprise has moved to HACCP standards and obtained a recognition certificate. To this end, the company has made considerable investments. In his interview to Business Morning program Rostom Papidze, founder of Roster company, talks about the expenses taken for the project implementation and the company expectations. -Mr. Rostom, …

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Georgia’s Potential For Wind-Generated Electricity is 1,450 MW

Renewable Resources

Georgia has an important wind energy potential with 1450 MW total resources, which is estimated to be able to annually generate 4 billion kilowatt-hours. According to GNERC’s (Georgian National Energy and Water Supply Regulatory Commission) annual report, there were no cases when small power plants have sold electricity to retail …

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Tourism in Georgian Economy: Only Industry That Keeps Growing

Georgia tourism

In 2016 Revenues from International Tourism Totaled 2.2 billion USD Revenues from tourism sector grow on annual basis and reach record figure. Despite two regions of Georgia have been invaded,  tourists consider Georgia to be an attractive country anyway. Over the past 10 years, tourism is an only sector in …

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