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 …
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