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Monthly Archives: November 2017

Government to Spend 14mln GEL against Asian Marmorated stink bugs

In 2018 Ministry of Agriculture will spend 14mln GEL against Asian Marmorated stink bugs. As compared to the initial edition of the 2018 budget bill, financial allocations for Ministry of Agriculture will increase by 10mln GEL. Total assignments account for 276mln GEL. According to the explanatory card, the additional funds …

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Prices of Real Estate in Tbilisi

As of the first half of 2017, the average sale of newly built apartments in Tbilisi reached $ 603 per square meter. The price in the reporting period is 3% less compared to the same period last year. Ramaz Sharabidze, the head of the Colliers International Georgia Research Group, talks …

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Georgian Products at International Fermented Food EXPO in Korea

 15th  IFFE International Fermented Food EXPO 2017 has opened in Jeonju, Korea Republic. Plenipotentiary Georgian Ambassador Otar Berdzenishvili, Minister of Agriculture and Governor of Soutch Joula Province participated in the opening ceremony of the exhibition. Georgian honey, Adjika, Spring waters, wine, brand, chacha, juices, churchkhela, bakmaz and energiser drinks were …

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British WineMaker Uses Qvevri on His Farm in East Sussex

British professional wine medias have recently published a detailed interview with Ben Walgate – an English winemaker who is using Georgian qvevri on his farm in East Sussex. His interview to Doug Wregg, marketing director at natural wine importers Les Caves de Pyrene, first appeared in the company’s blog as “Chatting with: …

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Wind Power Station Generates 85 million kw/h Electricity

Kartli wind power plant generated electricity 6 893 600 kilowatt hours in October, while the resource utilization rate is 46.71%. According to Energy Development Fund, in July the station generated more than 6 million kw/h electricity, while total generation since inception made up about 85 million kw/hours.

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First 18-hole Golf Course Opened in Tbilisi

Tbilisi Golf Course

Georgia’s Prime Minister and President of Estonia Kersti Kaljulaid has opened Golf Course in Tbilisi. The international premium golf club The Tbilisi Hills was created with the investment of famous Estonian companies Skinest Rail, Kaamos Group and Go Group, volume of which exceed $20 million. A team from Tilander Golf Design …

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Anaklia Development Consortium Permitted to Construct Anaklia Seaport

LEPL Technical and Construction Supervision Agency of Ministry of Economy of Georgia has issued a permit to Anaklia Development Consortium for the first phase of the Anaklia seaport construction and exploitation (N201-04; 30.10.2017). At the same time, Ministry of Environment and Natural Resources of Georgia, based on environment impact report …

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Tbilisi Hosts Georgian-Estonian Business Forum

Tbilisi Hosts Georgian-Estonian Business Forum

Georgia’s investment environment is one of the main topics of the Georgian-Estonian Business Forum, which was held in the capital. More than 100 Georgian companies are attending the event. Georgian businessmen got acquainted with Estonia’s investment environment, which will be discussed by Estonian Minister of Economy and Infrastructure. Zurab Alavidze, …

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First Hotel Complex at Shaori Lake to Open in Summer 2018

The first hotel complex at the Shaori Lake will open in summer 2018. Mamuka Jmukhadze, director of the project implementing company GeoTechInvest, says that the construction works have ended and internal repairs are underway. The businessman talks about reasons the complex inauguration ceremony was postponed. It is unreasonable to open …

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Liberty Bank’s Profitability Coefficient Rises

Liberty Bank's Profitability Coefficient Rises

Liberty Bank has increased its profitability coefficient. According to January-September indicators, return on assets (ROA) made up 2.75% (Q2/2017 – 2.4%), while return on equity (ROE) constituted 23.04% (Q2/2017 – 20.6%). Liberty Bank has recorded the highest Larization coefficient of the portfolio on the market. 98% of loans are denominated …

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Your Company’s New Office at the City Center

Your Company’s New Office at the City Center

Class A Business Center King David offers advanced business facilities and services to tenants. Multifunctional project King David is in operation since summer 2017. Currently three international companies are occupying business center including:  PwC Georgia, Samsung Georgia and Colliers International Georgia. New tenants will be welcomed in short future. King David is …

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