Since 2015, all my work will be focused on Samegrelo region in the next several years. The businessman Temur Chkonia told”Commersant”. According to him, at the end of the year “McDonald’s” restaurantis planned to open in Zugdidi and for this purpose the businessman plans to spend about 3.5 million Euro. In his words, the “Castel” beer popularization will begin inSamegrelo and in the near future …
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Will U.S. and EU Sanctions Affect the Georgian Branch of the Russian “VTB Bank”?
As it is known, the U.S. and EU announced sanctions against several Russian state banks, among them “VTB Bank”, which has a branch in Georgia. Whether sanctions will have an impact on the Georgian representation? At this stage, the representatives of “VTB-Georgia” do not make any comments about it. Georgian experts …
Read More »Who will Suffer from Restrictions on Trade between Georgia and Russia?
What are the consequences of trade restrictions between the two countries, which Russia intends toimpose abolishing the free trade agreement? What processes should be expected, and how innovation will affect the activities of Georgian exporters? According to the expert Emzar Jgerenaia, in this situation Russian exports will suffer more, as Russiaexports to Georgia 4 times …
Read More »Investor Denies Negotiations about Implementation of “KhudoniHPP” Project by the State
According to “Trans Electrica Georgia” technical manager David Mirtskhualava, the talks regarding the implementation of “KhudoniHPP” project by the state have not been held with the company. “According to my information, talks on the issue have not been held with the company and investors. As for the state’s participation in the construction of any power generating object, I think that the …
Read More »“Kazantip” to Take Place in Anaklia in the Next 10 Years
Anaklia will not be a one-time location for “Kazantip” festival. “Commersant” reports that over the next 10 years, the electronic music festival is scheduled to be held in Anaklia. According to Samegrelo – Zemo Svaneti regional administration, from year to year Anaklia attracts more and more tourists and it will be necessary to …
Read More »Russia Suspends Free Trade Agreement with Georgia
Russia is suspending free trade agreement with Georgia. According to the Russian RIA Novosti agency, the Ministry of Economy of Russia has elaborated a draft about the suspension of the free trade agreement with Georgia. The agency says that on 18 July the Parliament of Georgia ratified an Association Agreement …
Read More »Businessman Iakobashvili Starts Fight for the Return of Deprived Company in September
Another businessman suffered during the previous governmenthopes to return the property. “Senta Petroleum” former owner says that a trial on “Senta ” casestarts in September. Zaal Iakobashvili states “Commersant” that a former Defense Minister David Kezerashvili has forced him to recede ” Senta” property. He notes Kezerashvili re-registered a property for a symbolic price in 2011, otherwise the high official threatened the businessmen with jail and a deprivation of property without compensation. …
Read More »Number of Visitors in Hotels of Tskaltubo Decreased as well as in Kvareli and Sighnagi
After Kvareli and Sighnaki, Tskaltubo hotels are talking about the lack of visitors. The hotels surveyed by commersant.ge say that the number of users has reduced compared to previous years. According to the owner of a guesthouse in Tskaltubo Demur Chogovadze, the city is less like a resort, because the road is not developed as …
Read More »“Society and Banks” – “VTB” Clients will not Face any Problem in Relation to Deposits and Credit Products
“Society and banks” released a statement regarding the imposition of sanctions on the Russian “VTBBank” by the U.S. and the EU. U.S. and the European Union’s sanctions against theRussian “VTB bank” will not have a direct influence on Georgian consumers because “ VTB” branch in Georgia is an independent financial and legal unit. It has its own capital, which has been recentlyincreased by “VTB” shareholders. “Society and Banks” believes that at this …
Read More »Minister of Health has Questions for “ALDAGI” about “New Life” Clinic
Minister of Health has questions for the management of the “New Life” clinic. “New Life” clinic is owned by “Avante Hospital Management Group” managed by the “Evex Medical Corporation” which , in turn, is under “Aldagi” ownership. “I am informed about the situation in the clinic. Several days ago, the clinic Director appealed …
Read More »Russian Demand for Georgian Wine Reduced
A demand for Georgian wine reduced in the Russian market which wine companies explain by the end ofsales boom and the start of the stable sales. Director General of “Schuchmann Wines Georgia”Nutsa Abramishvili notes that there was a great demand and good payment terms in Russia, theexporters paid in advance and reserved products. I do not know what will be in the case of Russia in 2015, however, today 40% of our exports go to this market, and …
Read More »“Telasi” Increased Electricity Consumption by 7% in the First Half of the Year
In the first half of 2014, JSC “Telasi” consumed 1.1 billion kWh of electricity, which is 7% more than inthe first half of 2013. “TELASI” explains an increasein the volume of electricity consumption byeconomic growth and an increase in the number of customers. A quantity of electricity consumed in January- June 2014 increased by 8% compared with the same period of 2013 and amounted to 1.48 billion kWh. “This increase is primarily due …
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