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Yearly Archives: 2017

Zaza Pachulia Credits Georgia for All-Star voting Surge

Zaza Pachulia knew something was up when his iPhone kept dying Thursday afternoon. “I had to charge my phone three times,” Pachulia said after Warriors shootaround Friday. “I was like, ‘What’s going on?’ I went to social media, and it was blowing up.” For the second straight year, the longtime …

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Commercial Attache Salary to be 4000-7000 USD

The exact amount of benefits will be defined depending on the country where they will be sent. According to the Ministry of Economy, commercial attaché salary will amount to 2000-4000 in euro currency and 1000-3000 in pounds. As for life expenses of commercial attaches, it will be 500-7000 USD, 500-5000 …

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Georgia’s First Jacket Manufacturer to Compete with Imported Products

ATA, Georgia’s first manufacturer of jackets and ski equipment, plans to compete with imported goods. The company was founded several months ago and initially, it produces jackets and waterproof trousers for 3-15 year old children. Retail prices of jackets start from 39 GEL. Georgian product is not of lower quality …

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Ethereal Oils from Lagodekhi to Enter EU Market

essential-oils

Ethereal Oils manufactured in Lagodekhi will be sold on EU market. Green Village company launched exports of Georgian aethereal oils to EU countries in 2017. The company plans to expand production in Lagodekhi District, Kakheti Region, and acquire 80 hectare land plot in addition. As a result, the company will have …

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Joint Statement by the Trump Organization and Silk Road Group

Joint Statement by the Trump Organization and Silk Road Group

The Trump Organization and Silk Road Group (SRG) jointly announce their decision to formally end the development of Trump Tower, Batumi, a residential condominium in the Republic of Georgia under the license agreement executed in March 2011. As such, the Trump Organization continues to hold SRG and the Republic of …

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Over 1.5 million Azerbaijanis Visit Georgia

tourism

Georgia saw a rise in number of travelers, especially Azerbaijanis, visiting the country in 2016. A total of 1,523,075 Azerbaijani citizens traveled to Georgia last year, Azertac reported citing the Georgian National Tourism Administration. The figure is more by 9.3 percent compared to the figure in 2015. Georgia received 1,283,214 …

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Wizzair Investments in Georgia Marked 98 million USD in 2016

Wizzair low-cost airline has appraised the 2016 performance as successful. The company press release reads that Wizzair has taken important steps, when unveiled a base in Kutaisi in September 2016 and offered low-cost flights to 11 destinations in 8 European countries. The airline has invested 98 million USD in the …

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Georgia Healthcare Completes ABC Acquisition

“Georgian Healthcare Group” has become sole holder of Iashvili Hospital. The company has already acquired 33,3%-share, remained in referral hospital, from “Aversi Clinic”. The alienation has been made by “Unimedi Kakheti”, member of GHG. As a result of the agreement achieved between the sides, “Aversi” has received 1 million USD on cash instead of 33,3% in Iashvili Clinic and no later than May 3, 2016, clinic “New Life” will be transferred under its ownership. The mentioned clinic has a maternity profile. As a result of transactions, GHG holds 44 healthcare facilities with 2 588 beds.

Georgia Healthcare Group announced on Friday that, following the receipt of regulatory approval, it has now completed the acquisition of JSC ABC Pharmacia, the fourth largest pharmaceutical retailer and wholesaler in Georgia. The London-listed firm said ABC will be merged with GHG’s existing pharma business with immediate effect. “This further …

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De-Dollarization to Start on 17th of January

Factors Behind the Georgian Lari’s Depreciation

On 17th of January, de-dollarization program will start. Individuals who had real estate bank loans in foreign currency will manage to convert it into national currency. At the same time, pre-coverage commission fee will be abolished. De-dollarization is implemented together by government and national bank. Subside will refer to bank …

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PMCG: Making Budgeting More Transparent and Accountable in Akhaltsikhe

Akhaltsikhe

PMCG is collaborating with Akhaltsikhe City Municipality to enhance the transparency and accountability of its budgeting process, as part of a consortium led by Tetra Tech ARD under the USAID Good Governance Initiative Program. In order to reach its goals, the project team will assist the Municipality to define mid-term …

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