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Daily Archives: February 17, 2015

Georgia sees decrease in remittances

The volume of remittances stood at $75.5 million in January 2015, which is almost 25 percent lower than the same period in 2014, the National Bank of Georgia reported. The first month of 2015 saw a 23.3 percent drop or $23 million in total amount of international money transfers, the …

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President Nominated Nino Gvenetadze for Position of the Supreme Court Chairman

President of Georgia Giorgi Margvelashvili has nominated Nino Gvenetadze as a candidate to lead the Supreme Court. She is has high qualifications and a professional experience as a former Supreme Court judge. When National Movement was in power, Nino Gvenetadze’s authority was suspended along with that of several other judges. Her candidacy …

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Sokhumi “Penguin” Owners to Open Italian Café in Tbilisi

On February 20th, Caprigiani café will be opened  in the  former trade center “Pirimze”  by Amiran Gagua, a prominent businessman from Sokhumi. Amiran Gagua owned café  “Penguin” in Sokhumi  which was  a gathering spot for the whole town. It is a well-known specialist in making  coffee in sand. Laura Ghachava, an …

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“Kula” Sales in Russia Halved

Juice company “Kula” is satisfied with the pace of  sales of new products. According to  the company’s CEO Ivane Goglidze,  starting with 2015 the number of users has significantly increased. Goglidze explains this by expansion of the range of products and claims that apple, cherry, buckthorn, as well as cherry …

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“Ardi “- the Youngest Leader on the Georgian Insurance Market

The youngest leader of the Georgian insurance market –  the insurance company “Ardi” took  leading positions in the last year not only by written  premiums, but amount of claims which  constituted  GEL 15 million  over the past year. In 2014, ARDI has paid claims worth  GEL  10 million in medical …

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Georgian Wine Export Revenues Dramatically Reduced

The economic crisis in the main export countries and accordingly reduction in purchasing power of consumers had the greatest impact on wine and spirits exports, as expected. In January wine and brandy export revenues decreased dramatically, while chacha sales went up by 34% compared to  early 2014. The Russian Federation …

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Enguri HPP rehabilitation will begin in late 2015

A major project to renovate and modernise the Enguri Hydro Power Plant (HPP) will start at the end of 2015. Details of the Enguri HPP renovation were revealed by Georgia’s Vice Prime Minister and Energy Minister Kakha Kaladze while he delivered a speech at an energy conference organised by TBC …

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NATAKHTARI SALES VOLUME REACHED 100 MILLION LITERS IN 2014

Company Natakhtari in year 2014 achieved recording production volume and sold more than 100 million liters, which represents a unique figure for the Georgian market. Natakhtari has been producing beer and lemonade since 2005. It had already acquired over 50% of market share by 2008 and has been improving it …

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A Georgian girl featured in The Atlas of Beauty

A Georgian girl featured in The Atlas of Beauty

The Atlas of Beauty, a project by a Rumanian photographer and traveler Mihaela Noroc. Ms Noroc has traveled numerous countries around the globe in the past two years and took hundreds of portraits of different women. “I’m a photographer from Romania that quit her job and started a new life. …

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