Caucasus Business Week sums up the main events of last week.
Angela Merkel discussed German investment possibilities in Georgia. While we learned from Thomas Bareiss that Deutsche Bahn is interested in cooperation with Georgia.
On August 23, the Memorandum of Cooperation was signed in Mestia between the Nenskra Hydropower Plant Project company JSC Nenskra Hydro and the City Hall of Mestia municipality.
Young Georgian farmer discovers a new type of strawberry
Out of the 748 submitted projects, Fabrika took the second award in the “Rethinking The Future“’s Global Architecture & Design Awards in the category of Urban Design (Built).
Fitch Ratings has affirmed Georgia’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘BB-‘. The Outlook is Positive.Georgia’s ratings are supported by governance and business environment indicators that are above the current medians of ‘BB’ category peers, and a track record of macroeconomic resilience against regional shocks.
In June 2018 domestic consumption of electricity rose by 12.6%. The growth constituted 8.4% in the first half of 2018. Domestic consumption increased as a result of increased consumption among direct consumers and distribution companies.
The World Bank launched bond-i (blockchain operated new debt instrument), the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology.
Eight Georgian wines and one chacha were awarded with double gold awards at China Wine & Spirits Awards (CWSA) 2018. Besides the top “double gold” wards, Georgian wines won 20 gold medals, 6 silver and 8 bronze awards. This is a huge progress compared to last years’ performance at CWSA.