Home / 2018 / January / 04

Daily Archives: January 4, 2018

Record Year for Georgian Wine – 76,7 million Bottles Exported

According to National Wine Agency indicators, Georgia exported 76.7 million bottles of wines to 53 countries, up 54% year on year. Total exports value constituted 170 million USD. The year on year growth marked 49%. The top five countries that imported Georgian wine in 2017 were: Russia – 47,778,920 bottles …

Read More »

NBG: Current Account Deficit Falls to Historical Bottom

“The current account deficit has seen one of the historical bottoms”, National Bank President Koba Gvenetadze noted. The current account deficit has dropped to 2.9% and this is a serious progress, he said. “For appraising the 2017 performance, economic experts need indicators of 3 other months. However, we can talk …

Read More »

Wind Power Station Generated 87.8 million Kw/h in 2017

In 2017 Kartli wind power station generated 87.8 million Kw/h electricity and supplied the power to the distribution network. The power station was put into exploitation on December 20, 2016 and was registered as a qualified facility on January 27, 2017. Based on financial and technical characteristics of the project, …

Read More »

Georgian Healthcare Group to Make $50 million Investment in 2018

Nikoloz Gamkrelidze

Nikoloz Gamkrelidze, head of Georgian Health Group (GHG): GHG is a major actor on this market and is represented in all segments of this market – hospital, insurance or pharmaceutical. Various challenges exist in each of them and there are various types of opportunities too. The year of 2017 was …

Read More »

Juice Producing Company Kula To Invest $2 million in Expansion Plan

Vano Goglidze, Kula company director: The year of 2017 was quite complicated for us, on the one hand, because of Georgian currency devaluation, on the other hand,  frosts started in spring. In Shida Kartli fruits froze  and the product price hiked. Despite this, we managed to maintain prices and quality. …

Read More »

Geoplant to Produce Bio Tea in 2018

Vladimer Meskhi, GeoPlant administrative director: I would not complain about the year of 2017. Our company is oriented on novelties and we had certain difficulties that, as a rule, accompany innovations. We introduced Gurieli tea on Georgian market in 2010. In about 2 months we managed to take control on …

Read More »