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Tag Archives: Nikoloz Khundzakishvili

Nikoloz Khundzakishvili: Beer Market Shrank by 3% in 2018

In 2018 Georgia beer market declined by 3%, Nikoloz Khundzakishvili, director for Natakhtari corporate affairs told Business Morning program. The market declined after the solvency of our citizens shrank and GEL exchange rate depreciated; Bad weather has also made a negative effect on sales, he said. Both domestic and imported …

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Natakhtari Became a Licensed Producer of Staropramen Beer

Staroprameen Beer

Natakhtari Brewery organized a presentation of Staropramen, Global Czech Brand. A brewing tour was offered to guests. After the information tour Cuneyt Arat, CEO of Natakhtari Company, Tomas Pernitsky, Ambassador of Czech Republic, Nino Beneta, Director of Molson & Coors for Eastern Europe, Exports and Licensed Brands and Nikoloz Khundzakishvili, …

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Beer Industry Grows by 2-3% in Georgia

Nikoloz Khundzakishvili

In 2017 the beer industry grew by about 2-3%, Nikoloz Khundzakishvili, director of Natakhtari corporate affairs, told BM.GE. The sector’s growth would be 5-6% without changes in beer excise tax structure. “Changes in excise tax structure raised prices on a part of products, while another part cheapened. Strong beers with …

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Increased Excise Rate – Reduced Industry

Nikoloz Khundzakishvili

What is the fate of the increased beer excise rate and will  the government revise it again, based on the current indicators? “The government must stimulate the industry and revise the incorrect decisions”. The enterprises assert that the government has taken an incorrect decision and the industry bears losses and …

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Georgian Businessmen Expect a New PM to Improve Communication with Business

Georgian Businessmen Expect a New PM to Improve Communication with Business

The businessmen interviewed by CBW believe that communication with the new Prime Minister will be improved. Natakhtari Corporate Director says that changes of the Prime Minister and the government is a common occurrence that will not affect investors’ plans. In Nikoloz Khundzakishvili’s words, they had communication with  the government earlier, however, its …

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Kazbegi Founder Sees Risk in Construction of Heineken Brewery in Georgia

Some Georgian producers of beer see a threat in building Heineken beer factory in Georgia. Kazbegi founder Gogi Topadze notes that in total four large companies are operating on Georgia’s beer market today. These are Kazbegi, Natakhtari, Zedazeni and Castel. Any from these two companies can fully cover Georgia’s demand for …

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Sales of Beer Companies almost Halved

A traditional beer festival organized by Natakhtari company will not  be held in the capital and regions this year. The reason, as the company explains, is an increase in the excise tax on beer resulting in sales decline. “We have several times urged the government to revise its decision to …

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Georgian Business People Assessing Removing Tax on Reinvested Profits

Opinion of Influential Businessmen Last period discussions on the reinvested profits tax abolition have intensified. The initiative was first raised by Economy Minister Giorgi Kvirikashvili. The decision was positively appraised by the Taxpayers Association. The organization put forward its own scheme for the tax removal, under which the tax amount …

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