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Daily Archives: February 17, 2015

Georgia sees decrease in remittances

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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

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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

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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

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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

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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

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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

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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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