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Yearly Archives: 2017

Free Trade with Georgia to be Among Top Ten Economic Events of China

 In 2016, Georgia is among top ten Economic Events in the list of “Free Trade” countries for China and it occupies 8th position. As they say in Ministry of Foreign Affairs, the survey was conducted in December, 2016 in People’s Republic of China by initiative of Ministry of Commerce. Negotiations …

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Investor to Put 5 million USD in Eco Tourism Complex Construction in Mtskheta

LLC Sevsamora Villa has started construction of a big tourism hotel in Mtskheta Municipality. Construction works will end in 2018-2019. The complex will comprise a hotel block with 41 modern suites, separate recreational houses, restaurant complex, indoor and outdoor swimming pools,spa center, wine museum and playgrounds for children. Tourism complex …

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Trump Organization Drops out of $250M Black Sea Project

President-elect Donald Trump’s company has abandoned its role in a planned $250 million condo tower in a Black Sea resort town. The Trump Organization will no longer help develop a 47-story residential condominium in Batumi, Georgia, Bloomberg News reported Wednesday. “[We’ve decided] to formally end the development of Trump Tower, …

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Georgian “Biela” to Fight for Replacement of Foreign Chocolate

Georgian “Biela” to Fight for Replacement of Foreign Chocolate

Company “Bueri”, producer of various sweets, plans to start massive production of chocolate tiles. According to Lasha Topuria, 4 types of chocolate are manufactured with small volume at this stage: black chocolate, black chocolate with nuts, chocolate with milk and cappuccino. The company participated in the program “Produce in Georgia”. …

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Construction of the New Bridge is Underway in Kazbegi Municipality

A new bridge will be constructed at the dry ravine, at km 113 of Mtskheta-Stepantsminda-Larsi international road. Instead of existing bridge constructed in the 1980s, which was not subject to restoration, the new alternative bridge is being constructed and will fully meet the transport requirements. Renewed infrastructure will promote safe …

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Kote Sulamanidze to Lead Insurance State Supervision Service

Kote Sulamanidze has been appointed as a head of Insurance State Supervision Service of Georgia. He prioritizes diversification of finance market, improvement of insurance culture and popularization of useful insurance products. Much job should be performed in insurance sector. Only commercial banks and microfinance organizations should not be considered players …

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Kakha Okriashvili: Banks to Engage with Secondary Activities

The founder of PSP Group , and parliamentarian, Kakha Okriashvili talks about negative factors for business. According to Okriashvili, inflation of GEL made an influence not only on pharmaceutical business but also other businesses. “Volatility of GEL made a negative influence on the whole business sector, because the feeling of …

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Georgia Adopts First National Strategy for Rural Development

The Government of Georgia approved the first ever national strategy for rural development, on 30 December 2016. It provides the country’s vision for 2017-2020 in key areas of rural development – growth and diversification of local economies, improvement of social and public services, sustainable use of natural resources and local …

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Anano.e: Accessories That Are Never Enough

A young designer, Anano Eziashvili started his current job as a hobby. She sold her first handmade accessories in Rustavi shops and recently she created her own brand  Anano.e Never Enough. Anano is marketer by her profession but she creates handmade accessories with clay, thread and other sewing materials. Anano …

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Government Launches Hazardous Emissions Reporting Electronic System

Starting January 1, 2017, state registration forms for hazardous emissions reporting will be submitted to Ministry of Environment and Natural Resources in electronic form. Environment protection information management electronic system  (http://emoe.gov.ge/) –  “Reporting of hazardous emissions in atmosphere by use of electronic system” – was developed by LEPL Financial-Analytical Service …

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Jeans Factory to Open in Ozurgeti

Guria Region governor Gia Salukvadze has met with Pakistani investor Amjad Malik, director of LLC Malik Textile. At the meeting the parties discussed perspectives for opening a jeans factory in Ozurgeti. “I would like to emphasize those three priorities: creating new job places, maximal support of investors and protection of …

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Zaza Pachulia’s Importance to the Warriors and Georgia

Imagine being the only NBA player representing your country with millions of people watching each night while you play for a title contender. That’s Zaza Pachulia’s reality. “Every step I make, honestly, in my career, Georgia is always on my mind, just like the song,” Pachulia told Basketball Insiders. “I …

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