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Yearly Archives: 2017

Economic Growth in October Hit 5.7%

According to preliminary estimations, as compared to the same period of 2016, in October 2017 real GDP growth pace made up 5.7%, while the 2017 January-October real upturn constituted 4.9%. According to Geostat, national statistics service of Georgia, the growth was recorded in the following fields: hotels and restaurants, processing …

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Government Announces 71mln GEL Tender for Building Business House

State tender has been announced fore constructing a business house in Ortachala, Tbilisi. LLC State Procurement Bureau carries out the state procurement procedure. The starting price is 71.621mln GEL. The tender was announced on November 24. Tender proposals will be received starting December 14 and the reception process will end …

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British Singer James Blunt to Visit Georgia on May 26th

Prominent British singer James Blunt will visit Georgia in the framework of world tour. Concert will be held on May 26th, Independent day, at Mikheil Meskhi (Lokomotivi) Stadium. Singer and composer will perform songs from his previous album ”Afterlove”. Festival is organized by new promotion company Black Pearl Live. Promotion …

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Georgian Businessman Plans to Build Seaports in Slovakia

Nodar Giorgadze, founder of GINO Wellness Group, plans to build seaports in Slovakia. Negotiations are underway with Government of Slovakia, the businessman told the Business Course. The seaport in Bratislava will be able to receive 150 ships. The seaport on the river Danube will make focus on tourism business mainly. …

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Sheikh Nahayan Wants to Enter Management of Georgian Airports

Sheikh Nahayan plans to enter the management of Georgian Airports, according to the Business Course. The Member of the cabinet of Ministers of United Arab Emirates says that UAE will double investments in Georgia in the coming years. Negotiations are underway with Government of Georgia too. “We are conducting negotiations …

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Silk Road will to Replace the Kars-Akhalkalaki Railway

Dimitri KUmsishviliDimitri KUmsishvili

“The Silk Road will not replace the Kars-Akhalkalaki Railway,” – the First Vice Prime Minister, the Minister of Economy and Sustainable Development of Georgia stated at the Tbilisi Belt & Road Forum. “The Kars-Akhalkalaki Railway represents one of the branches of the Silk Road. It is the line that will …

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Georgian Wine Breaks Guinness World Record

Georgian wine has just broken Guinness world record, official webpage announced. Chemical evidence of wine, dating back to 6000–5800 BC, was obtained from residues of ancient pottery excavated in the archeological sites of Gadachrili Gora and Shulaveris Gora, about 50 km south of Tbilisi in Georgia. The wine residues were …

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EIB to Allocate 8 Billion Euros for the Eastern Partnership Countries

The Vice-President of the European Investment Bank has addressed the Silk Road Forum of Tbilisi. Vazil Hudak talked about the importance of the Forum held in Georgia and introduced the society with the completed and future projects. According to the Vice President of the European Investment Bank, EUR 8 billion …

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Georgian Industrial Group Enters Uzbekistan

Georgian Industrial Group to enter market of Uzbekistan, CEO of GIG Zurab Gelenidze announced during his speech at Tbilisi Belt& Road forum, bm.ge reports. He talked about the company’s expertise on the panel and noted that the company’s main activity is electricity generation. According to him, the GIG group operates …

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