Home / 2014 / August (page 4)

Monthly Archives: August 2014

Another Georgian Qvevri Wine to be Exported to Europe

A company participating in the preferential agrocredit program launches to bottle a qvevri wine.Director of “Shalauri Wine Cellar Ltd. ” David Buadze says that the company will bottle qvevri wine  for export for the first time. He notes  that at this stage Italy, France, Slovenia and other European countries are in the export list. …

Read More »

Changes Made in “Produce in Georgia” Program

Changes are made in  the government-led  program  “Produce  in Georgia” – in particular, a limit of maximum amount that may be issued as a credit was removed. In addition, availability of financial resources is simplified as well, in particular by reducing the rate of a collateral on credit in  real estate. According to Deputy Minister of …

Read More »

Solidarity Fund to Finance Treatment of Children with Cancer

Patients with cancer diseases will be financed by the Solidarity Fund, which will satisfy the first beneficiaries from September 1. In the first phase patients with solid tumors under 18 years will receive  financial assistance and after necessary financial resources are mobilized ,the age limit will increase  to  22 years. The Fund has …

Read More »

“MariGroup” to Invest USD 12 Mln in Hotel Business in Batumi

“MariGroup”  company will  invest  USD 12 million in hotel business in Batumi. The company owns “Sanapiro” and “Marina” hotels and opens another four-star hotel “Marina Coliseum” in Batumi. According to the company’s Director Alexander Akhvlediani, the Coliseum- shaped  hotel will be a 10 – storey building and will consist of  107 rooms. The project is being carried out …

Read More »

Argentina blames US authorities for triggering default

Argentina has accused the US of judicial malpractice and threatened to take it to the International Court of Justice, as it allowed two small hedge funds drag Buenos Aires into default and made creditors and ordinary people suffer. The majority of bond holders agreed to write-off two thirds of Argentina’s …

Read More »

India slams door on $1tn WTO deal over customs rules

The World Trade Organization got a surprise setback on Thursday when India, pushing for concessions on agricultural stockpiling, vetoed plans for universal customs rules. The deal could have added $1 trillion and 21 million jobs to the world economy. The July 31 deadline on the first proposal for major global …

Read More »

McDonald’s new nuggets are made of fish and tofu in Japan

If you’re wary of chicken and beef products after a major meat supply scandal in Asia, the McDonald’s in Japan could have an alternative for you — tofu and fish nuggets. On Wednesday, McDonald’s in Japan rolled out Tofu Shinjo McNuggets, a doppelganger of the Chicken McNugget made from a …

Read More »

Michael Hampel – We decided to invest here because we are absolutely sure that Georgia will stay stable

Q&A Michael Hampel – General director of HeidelbergCement Georgia German multinational building materials company HeidelbergCement has been in the Georgian market since 2006. Today, it operates four cement plants and one cement terminal in the country. Given Georgia’s economic growth and large investments in infrastructural projects, the company expects a …

Read More »

Badri Tsilosani – Today, we are working on our wagon production to reduce energy use and to make more high speed trains

Q&A Badri Tsilosani – Owner of Georgian Carriage Builders Holding Georgian Carriage Builders produces freight and passenger train carriages and wagons for the domestic and the international market. The company’s owner, Badri Tsilosani, spoke to The Report Company about the company’s history and current activities. – Can you provide an overview …

Read More »

EU sanctions some of Russia’s biggest banks, including #1 Sberbank

The European Union has imposed sectorial sanctions on five Russian banks, including the country’s biggest, Sberbank, as part of economic steps that Europe, along with the US, have taken against Moscow over the crisis in Ukraine. EU adds 8 individuals, 3 Russian companies to sanctions list over Ukraine crisis The …

Read More »