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Daily Archives: May 8, 2018

Over 94% of Ukrainian Oil Imported from Azerbaijan

Azerbaijan exported oil worth $146 million to Ukraine in January-April of 2018, the Ukrainian media reported, referring to the data from the State Fiscal Service of Ukraine. Reportedly, 94.3 percent of oil supplies to Ukraine came from Azerbaijan. The other suppliers were Algeria, with oil imports of $7.2 million (4.6 …

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Romanian State Airline to Launch Operation in Georgia

Starting July 1, 2018, TAROM, the Romanian state airline, will perform Bucharest-Tbilisi-Bucharest flights three times a week. The agreement was made during a meeting between representatives of the Romanian airline and the Georgian Airports Association. After the meeting Dea Machavariani, the business development manager for the Georgian Airports Association, noted …

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Chinese Miniseries “The Mask” to begin filming in Georgia

In 2016, Enterprise Georgia introduced the Film in Georgia program, a joint initiative by the Ministry of Economy and Sustainable Development of Georgia and the Ministry of Culture and Monuments Protection of Georgia. “Film in Georgia” offers a 20-25% cash rebate on qualified expenses incurred in Georgia and aims to …

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Hotel Industry Development component – Host in Georgia

The new Hotel Industry Development component of the state program ‘Produce in Georgia’ has already noted huge successes. Entreprise Georgia already supported 44 business entities, with a total investment volume of 128.7 million GEL and based on these 44 new hotels, more than 1,300 people will be employed and an additional 1,300 new rooms will be added to the Georgian …

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Discontent Against Commercial Banks Grows

Claims Against Commercial Banks in 2017 Rose by 140%. In 2017, claims against commercial banks submitted to National Bank of Georgia (NBG) rose by 140%, according to the NBG report for 2017. The NBG department for consumer rights protection registered 3,269 claims in 2017, including 2,329 (71%) claims submitted by …

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Georgian Spices Exported to USA and Hong Kong

Georgian spices and healing herbs are being exported to the USA and Hong Kong, FARCONI director Mamuka Alpaidze told BM.GE. The company produces spices under the brand Khomli, and supplies healing herbs for export in the form of raw materials. “We have recently entered the USA and Hong Kong markets. …

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