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Daily Archives: January 23, 2015

BP to Continue Investing in Georgia

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BP plans to continue investing in Georgia. At the World Economic Forum in Davos, the Georgian delegation held a meeting with British Petroleum CEO Robert Dudley. The Georgian Prime Minister thanked British Petroleum CEO for the investments made by the company in Georgia so far and expressed hope that this …

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Meeting with CERN Director General

The possibility of Georgia’s accession to the European Organization for Nuclear Research (CERN), and its admission as an associated member thereof, was discussed at today’s meeting between the Prime Minister of Georgia and the Director General for CERN. At the meeting, the parties discussed concrete ways to deepen their bilateral …

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Panel Discussion at the World Economic Forum

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Europe’s Frontier Economies was the topic of a discussion attended by the Georgian Prime Minister at the World Economic Forum in Davos. Addressing the audience, Irakli Garibashvili described the Georgian Government’s vision of new trade and energy routes. “The economic, political and cultural interdependence of Europe’s frontier economies is continuously …

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Meeting with Aberdeen Asset Management

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The business environment in Georgia was the main topic of Georgian Prime Minister’s meeting held with the Executive Director of Aberdeen Asset Management. During the conversation with Martin Jilbert, Irakli Garibashvili emphasized the importance of the Treaty on Deep and Comprehensive Free Trade Area with EU and the fact that …

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Meeting with the President of the Republic of Lithuania

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The close partnership between Georgia and Latvia were discussed at a meeting between Georgian Prime Minister Irakli Garibashvili and Latvian President Dalia Grybauskaite. The meeting was held within the framework of the World Economic Forum in Davos. The Latvian President reassured the Georgian Prime Minister of Latvia’s support and commended …

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Drugs Prices to Go up

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The sharp depreciation of the GEL exchange rate may be reflected in prices of certain medicines.  Kakha Okriashvili,  PSP pharmaceutical company’s founder, told  “Commersant”. However, he explains that the price will  increase by 2 -5% only if GEL passes the mark of 2.00. According to him, the pharmaceutical market is …

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WINTER RESORTS HOTEL MARKET OVERVIEW BY COLLIERS INTERNATIONAL

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Thanks to its mountainous character Georgia offers various winter resorts, of which the main are: Gudauri and Bakuriani. The number of hotel guests visiting Gudauri and Bakuriani has been constantly growing. The biggest (55%) increase was in 2011. There are a total of 79 accommodation units registered in winter resorts, …

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Georgian PM Irakli Garibashvili meets President Ilham Aliyev

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President of the Republic of Azerbaijan Ilham Aliyev met Georgian Prime Minister Irakli Garibashvili in Davos on Jan.22. The parties expressed satisfaction with the successful development of the bilateral ties in various areas, including political, economic and energy spheres. The importance of global energy projects implemented by the two countries …

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Chain of Supermarkets Fresco Puts an Ultimatum to Importers

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The supermarket chain Fresco sent an appeal to the partners from among the importers. According to  the network’s  Director Ia Saneblidze, it requires to  relatively lower prices in the case of stabilization of the national currency, otherwise, the company will cease cooperation with importers that will leave rates unchanged. “Our …

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Russian Crisis to Hurt Georgian Water Exports

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 In 2014, exports of mineral and spring water amounted to $ 137.1 million which increased by 28% compared to 2013. Out of this, products worth $ 66.4 million were exported to Russia, while exports to Russia increased by 97% compared to 2013. Accordingly, Russia’s share in the country’s total exports …

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