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11 Companies come Together to Increase their Competitiveness

Recently, 11 companies representing Georgia’s information and communications technology (ICT) sector came together to create a business cluster to increase their competitiveness. The cluster was established with the support of the EU-funded ‘SME Development and DCFTA in Georgia’ project, under the EU4Business initiative. The main focus areas of the cluster …

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Green Development Issued Bonds of 2 mln USD on the Market

Green Development Issued Bonds of 2 mln USD on the Market

Company Green Development, which implements famous project “Mtsvane Ubani Listan”, announced on issuance of securities. The company made emission of 50 bonds of 2 million USD. Nominal value per share is 40 000 USD, annual interest rate – 11%. Maturity of the securities is determined by 2 years, their placement …

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Wine Company “Badagoni” to Represent New Trade Mark

Wine Company “Badagoni” to Represent New Trade Mark

“Badagoni” celebrates the 10th anniversary with a new wine brand. The wine company has submitted new trade mark – GAU5 and signed a contract on export of 5 million bottles wine on Chinese market. “I am sure, that GA5 will be successful on Chinese market as well. This is the …

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Leading Global Chemical Company BASF Enters Georgia

Leading Global Chemical Company BASF Enters Georgia

BASF, a leading global chemical producer, is entering Georgia. The opening ceremony of the company’s regional office in Georgia was attended by Georgian Prime Minister Giorgi Kvirikashvili. The Head of Government thanked BASF management, especially Senior Vice-president Laurent Tainturier, for establishing the company’s regional office in Georgia, which, according to …

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Company ISEKO Opened a new Production Line

Company ISEKO Opened a new Production Line

Company ISEKO has expanded. Newly renovated department and latest production line has been opened by the MP. The company managed to expand within the frame of state program “Produce in Georgia”. Company ISEKO has made investment of over 3 mln GEL and employed 30 new workers. ISEKO manufactures steel pipes, …

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German Buses will Appear in Georgia: Replacing Yellow Buses

Winner of Tbilisi Bus Tender is Known

Buses of company MAN will serve to Tbilisi from autumn. As an entity engaged in the tender has announced to GBC, German company has been selected as a tender winner company. The tender is carried by European Bank for Reconstruction and Development (EBRD). EBRD does not specifies the winner, they …

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Georgian-Swiss Company Invests more than 18 million GEL in Racha Region

Georgian-Swiss Company Invests more than 18 million GEL  in Racha Region

Georgian-Swiss company Blauenstein Georgia has been operating in the village of Shardometi, the Racha Region, since 2008 in the cattle-breeding sector. Currently, the company manufactures only meat products that are supplied only to the domestic market, namely, to the company’s brand store in Tbilisi, the Georgian founder of Blauenstein Georgia, …

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HeidelbergCement Going to Maintain the Market Leadership

HeidelbergCement Going to Maintain the Market Leadership

The company HeidelbergCement appreciates the entry of a new cement company into the market as a challenge. We are talking about Cezar Chocheli’s project which envisages the construction of a cement factory in Senaki. The project in which $ 100 million will be invested is expected to be completed in …

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Azerbaijan, Swiss Company Agree on Copper Selling

Azerbaijan, Swiss Company Agree on Copper Selling

The Azerbaijani Anglo Asian Mining PLC (AAM) company and the Swiss Industrial Minerals S.A. have signed a contract for selling copper, which is being produced by the AAM’s flotation plant. The company signed a new contract with Industrial Minerals S.A. in March 2016, for the sale of copper concentrate produced …

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