Daily Archives: September 15, 2014

Real Estate Companies Complain about Sharp Decline in Sales

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Real estate agencies complain about a reduction in their activity by almost 95%. According to the agency “Beruka”, demand both for purchase and rental housing has fallen sharply; in comparison with the summer period of 2013, this summer it fell by 95%. Director  of the Agency Avtandil Gugeshashvili states “Commersant” that this …

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Snow making project of “Gudauri”

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According to the contract signed by “Gudauri Development Agency” and “Demaclenko” snow making systems will be installed in “Gudauri” and on “Didveli” mountain in “Bakuriani”. Snow making project of “Gudauri” will be carried out in two phases. First phase considers construction of snow making system on the first ski piste. Length …

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“Barambo” Starts Exporting to Iraq

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“Barambo” company starts exporting of itsproducts to Iraq. As a result of an active cooperation,a variety of sweets produced by the company will be fully represented on the Iraqi market. “Barambo”  is Georgian chocolate / sweets company. The use of modern technology and the highest quality of  Belgian raw materials, the continuous control over the quality production enabled the company to achieve …

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Competition Agency to be Launched on October 1

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Creation of the  Competition Agency was completed on  April 14, 2014, but its real workslowed down due to the need to adopt a number of legal acts necessary for its operation. It is expected that they will be approved by October 1 that will enable the Agency to begin full operation. In particular, we are talking about legal acts …

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MILAN INVESTMENTS TO PURCHASE 60% STAKE IN GOODWILL

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Goodwill trade network is about admitting Italian investments. Milan Investments company plans to purchase a 60% stake in Goodwill. The companies have already concluded a contract agreement and the document will be enforced step by step. Alessandro Azais, a Milan Investments head, noted: “We will invest as much money in …

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Will Tbilisi City Hall Continue “1 000 Booths” Project?

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Will the so-called 1 000 booths program be continued in Tbilisi? The City Hall requested time to prepare the information about  the future of the project , while at this stage the City Council member Irakli Abesadze makes clarifications  on the issue, who held the post of deputy mayor during the implementation …

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Chinese Corporation to Build Cattle Farm and Meat Processing Plant in Georgia

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The Chinese Corporation “Hualing Group”, which has invested several hundred million dollars in the economy of Georgia, plans to build a cattle farm and a meat processing large enterprise. The information was released by the Ministry of Economy. They report that the company has to produce the so-called green product. Apart from that, the government of Georgia  is considering the issue of …

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