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Monthly Archives: July 2014

A New Player Enters the Insurance Market of Georgia

A new player enters the Georgian  insurance market. This is the company “Kopenbur” which operates in the field of non-life insurance. Head of the State Insurance Supervision Service Lasha Nikoladze  has already given instructions regarding  the issuance of the appropriate license. According to the order, information about the issuance of the license to the insurance company “Kopenbur” must be published in  “Legislative Herald of …

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Holiday in Adjara’s Resorts has Risen in Price

Recently, Georgia has focused on the attraction of the Ukrainian tourists, who in the past went on vacation in the Crimea but for political reasons can’t or do not want to do that this year. In general, we are talking about 4 million people, although in reality Georgia hopes to attract a small part of them. However, a high …

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Hansa Flex Georgia: Instability Scares Businessmen

The German manufacturer of hydraulic systems Hansa Flex has been working  in Georgia since 2011 and serves both  a small and large business. A company manager Mariam Mazanishvili speaks about  the companies’ plans and the general situation in the country in terms of business climate: “We get from Germany finished materials and produce tubes …

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Number of Tourists in Martvili has Tripled

Compared to the 2013 summer season, the number of tourists visiting Martvili (Samegrelo province of Western Georgia) has tripled this year.  According to the locals, last year and the year before, Jews, Poles and Americans were especially active, and this year the number of visitors has increased dramatically. One-day tours in Martvili are offered to customerson “Martvili Tours” page on “Facebook”. The tour …

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Premier Garibashvili Pledges no Electricity Price Hikes

Will there be an increase in electricity tariffs in Georgia? Electricity price is not planned to hike and it is a deliberate campaign to mislead the population, – the Prime Minister Irakli Garibashvili said at today’s government  session. Head of Government estimates that completely unfounded allegations were made on this topic …

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“Trans Electrica” to Submit a Permit Application for Construction of Khudoni HPP in Two Weeks

“Trans Electrica” will submit  a permit application for the construction of the Khudoni HPP in two weeks. According to the power plant construction company – “Trans Electrica” technical director David Mirtskhualava, the company has to take  a construction  permit and will submit  the application in the coming weeks, presumably  in two weeks. “As soon as …

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Gov’t may Cooperate with “Center Point” in IDPs Housing Project

Ministry of Refugees and Accommodation does not rule out a participation of “Center – Point” company in a long-term IDPs housing project. The company plans to be involved in this project and according to one of the founders of  “Center – Point” Maya Rcheulishvili,  they have already submitted the necessary documents for participation …

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German Company to Participate in Agro-credit Program

German Company to Participate in Agro-credit Program

German company CAPAROL will participate in the preferential agro-credit program. According to the company’s Director David Shengelia, the program envisages the allocation of loans for construction materials.  Shengelia says that due to high interest rates in the country’s banking system, the company has not taken any loan in Georgia. He notes when the company needs funds, it  always gets …

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Kakha Bendukidze: Iran is less Dangerous than Russia

An interview with the adviser to the Government of Ukraine Kakha Bendukidze You once said that it would be very difficult to carry out  reforms in Ukraine, as systemic corruption is the main problem the country faces. What do you think about this now?  Now I think the same. Ukraine faces a …

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Container Traffic between Baku and Poti Renewed

Azerbaijan and Georgia are scheduled to resume the container block train movement on the Poti-Baku route, the “Georgian Railway” LLC states.As noted in the department, the train will transport containers on the basis of the agreement reached between the “Azerbaijan Railways” CJSC and “Trans Caucasus Terminals” LLC which is the “daughter” …

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Electricity Prices could Rise

If the state wants to improve the situation in the country , tariffs definitely should be  increased, – said General Director of the regional electricity distribution company “Energo-Pro Georgia” Nikolay Nikolov after the presentation of the new electricity tariff calculation methodology developed by the company. According to Nikolov, a new methodology is transparent …

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