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Daily Archives: July 24, 2014

“Georgian Dream” not Rules out Russia’s Trade Sanctions on Georgia

Moscow  is working on several scenarios of economic sanctions against Georgia, Ukraine and Moldova – Russian media reports referring to  the government documents. The ruling party of Georgia considers the threat realistic and says that such a move by Moscow will not be a surprise. The Kremlin has already discussed the ways …

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Fuel Prices Went up after Elections

After the second round of elections, fuel price has increased, despite the fact that a decreasing trend is being observed on the international markets in the last two weeks. According to “Rezonansi” daily, importers actually do not have any excuse to increase fuel price- international prices go down, and the suppliespurchased at a relatively high price have been exhausted, so a new batch of  fuel is bought at  a much …

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Gov’t to Sign a New Agreement with “TAV Georgia” in the Coming Days

A delegation of the Ministry of Economy and Sustainable Development will travel to Turkey in order to hold negotiations with “TAV Georgia”. Commersant.ge was told at “TAV Georgia”. In the framework of this visit, a new agreement is not expected to be signed, however, the details of the agreement will be discussed at a meeting. Deputy Minister Dmitry Kumsishvili said a few weeks ago that  the agreement  should be signed until July …

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H & M may Enter Georgian Market

A well-known brand H & M might enter the Georgian market. “CBD  Development”  confirms negotiations with the brand in a conversation with “Commersant”, but notes  that a final decision regarding the brand’s  entry into  Georgia has not yet taken. ”CBD Development” is building  a multi-functional complex worth USD 90 million  in Tbilisi. According to the company, 85% of the …

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“Sheraton Palace” may be Closed for 10 Months

“Sheraton Metechi Palace” hotel may be closed for 10 months. The hotel management company “Rakia”  begins thereconstruction of ” Sheraton” in autumn. According to Director General of “Rakia Georgia”, there are two opinions regarding the reconstruction of the hotel, the project will be  carried out in parallel with the operation of the hotel or the hotel will close and will be  eventually repaired. Guga Tsanava says that he supports the …

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