“CIS hegemony is over. EU has become a key market for Georgian products”, economic expert Mikheil Dundua wrote on his own Facebook page concerning foreign trade issues. “International orientation structure of Georgian products exports (exports without reexports) has considerably improved over the past 5 years. In 2014 CIS space was …

In July, Georgian made tablets will be launched into the market. It has to be noted that AG Microelectronics factory founded by AG Telekom has successfully sold 1600 TVs. “In two months, tablets will be completely tested. We will set an affordable price for the product which will have good memory …

Georgian Makeup artist Ketevan Chantadze is one of the contestants of The Next Level of Cosplay which is a scholarship contest for creative artists from the costuming and makeup communities looking to take their work to the next level. Ketevan is a beauty makeup artist, however she has a great desire …

Turkish electric motor manufacturer company Gamak entered Georgian market, and SABA is it’s exclusive representative. Different companies took part in Construction and Design exhibition, from 16-19 May in EXPO Georgia. Factories without electric motors in unimaginable, that is why participation in construction exhibition for us highly important, today we had …

Nut processing plant will be created in Khoni municipality, village Ivandid. Renatus Group purchased 10833 m2 non-agricultural land for USD 54,000 from the Georgian Government . According to the Governments’s instruction, company is obliged to implement million GEL investment and has to employee no less than 30 people. Payment of …

Government of China will encourage private sector and state companies of China to put investments  and boost production output in Georgia”, Dimitri Kumsishvili, Minister of Finance of Georgia, noted after his meting with Chinese vice Prime Minister Wang Yang. New enterprises will create new job paces in Georgia, Kumsishvili noted. “We …

Georgian wine exports to China are set to grow after the two countries officially signed a Free Trade Agreement (FTA) on 13 May, following a series of negotiations that started as early as December 2015. The FTA will see China drop a tariff on 93.9% of exported products from Georgia, …

The East Invest 2 project has initiated new training visits to the EU for representatives of Business Support Organisations (BSOs) from Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. Representatives from chambers of commerce, employers’ federations, business and professional associations, as well as organisations active in investment promotion and trade facilitation, …

Raw Leather of cattle was exported to European Market in Greece. Suitable export certificate has been issued by the National Food Agency, concerning the leather export.  In order to implement further processing, raw leather import procedure in Greece has been completed today and 18000 kg raw leather was sent to …

The seminar was held on “Management of multifamily housing with Energy efficient suction”, where Mardi Holding representative introduced the construction of energy-efficient projects. Company representative spoke of the construction of residential buildings adapted to modern requirements and constructed with geothermal heating / air-conditioning systems. “Mardi Holding launches energy efficient houses, …

In the first quarter of 2017 commercial banks received 58 382 400 GEL profits from currency purchase and sale operations, including TBC Bank profits marked 21 382 068 GEL, Bank of Georgia – 19 115 633 GEL and VTB Bank – 4 356 975 GEL. Silk Road received the least …

Georgian Prime Minister Giorgi Kvirikashvili met with Gijs Voskamp managing director of Ludgate Investments, owner of Ocean Capital investment company, and his business partners. The parties discussed Georgia’s investment potential and existing business environment in the country, as well as Ocean Capital’s ongoing projects in Georgia and future cooperation perspectives. …