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Daily Archives: March 19, 2019

Foreign Direct Investment See 5 Years’ Bottom

According to preliminary indicators, foreign direct investments (FDI) in 2018 was listed at 1,232.4 million USD, down 34.9% year on year. The contraction in FDI is related to completion regarding gas pipeline construction. Moreover, several companies were moved their ownership to Georgian residents, and loan liabilities were paid off to …

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Tbilisi Open Air 2019 Headliners are Announced

Tbilisi Open Air will be held in Lisi Wonderland on 21, 22 and 23 June 2019. Among the performers who arrive in Tbilisi in the open air are Franz Ferdinand, Unkle and Mogwai. This year is the tenth anniversary of Tbilisi Open Air and the festival area will present several …

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Batumi to Host Tourism Festival TOURISTER on March 31

On March 31 Batumi will host Tourister tourism festival. The Festival, which is a joint project of Tourism Institute and Shindi marketing company, will be held on annual basis as a traditional event. Objective of Tourister is to outline challenges and opportunities in the tourism sector through studying and analysis …

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First Georgian Whiskey JIMSHER to Go to USA

This year the first Georgian whiskey JIMSHER will be exported to the USA. The company will export all three varieties. The company founder Jimi Chkhaidze told BM.Ge that there are lot of bureaucratic procedures in the USA in terms of certification and business sector passes these procedures for a period …

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Salaries in Georgia’s Business Sector Rose by GEL 77

Pension on 1000-GEL Salary will Be 500 GEL on Average

According to Sakstat, in the 4th quarter of 2018, the average salary in the business sector made GEL 1,318 per month, which is GEL 77 more than in the same period of 2017.  The highest growth (0, 8%) was observed in professional and technical activities and made GEL 2 484 …

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