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Daily Archives: March 10, 2015

Turkish Companies Interested in Investing in Energy and Textile Fields

After Georgia-Azerbaijan-Turkey Business Forum, the International Investors Association expects specific investment projects to be carried out in the current year. The  Association’s Secretary General   states “Commersant” that within the Business Forum  held in Batumi on March 6the main interest was expressed in the energy, agriculture and tourism sectors. According to …

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Arab Islamic Banks Come to Russia

Arab banks adhering  to the Shariah rules are  ready to enter the Russian market through local players. The Russian “Kommersant” writes with reference to the Executive Director– Financial Institutions Supervision at the Central Bank of Bahrain Abdul-Rahman Al-Baker. We are talking about at least two banks – Bahraini Al Baraka and …

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Meat Company Founded in Georgia with Georgian-Swiss Investment

Production of meat was launched by  “Blauenshtain Georgia” company established with the Georgian-Swiss investment which also owns the cattle farms in the region of Racha. For the first time in Georgia, “Blauenshtain Georgia” has produced the so-called “flesh meat” meeting modern standards. Cattle is slaughtered in a special way after …

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Seventh Global Brand Considers Leaving the Georgian Market

“Commersant” reports that the global brands operating on the Georgian market have serious problems. Recall that recently the Georgian market has been left by such international brands as River Island and Debenhams. Early last year Tom Taylor and 123  brand withdrew from  the local market. As reported, the American sports …

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Taxi Companies not Plan to Increase Prices for Services

Despite the rise in the price of autogas and currency devaluation, taxi companies in the near future do not plan to increase prices for their  services. “Commersant” was told at  “Omega Taxi” that the company  works with contractors, and tariffs are already defined. “Our drivers use different fuels, but we …

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The Lari’s Devaluation not Reduced Sales in the Olympic Village

Sales in the Olympic Village built by the Chinese company “Hualing” began in November and intensified in December and January – the company says. According to management, the majority of buyers are  the citizens of Georgia. Cost of 1 sq. meter starts at $ 635. The Georgian representation of “Hualing” …

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State Pension Fund to be Transferred to Foreign Private Company

The government wants to  move to a retirement saving system  in 2017 while  the final version of the reform will be developed  by the end of the year. According to Otar Dzidzikashvili, head of the  Pension Reform Service, a special group is working to balance the inflationary risks. Experts also …

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Gov’t not to Amend the Law on Postal Service

Work on the draft amendments to the law on postal service, in which representatives of non-governmental sector and international postal companies were involved, ended in late February, but the government decided not  to make changes. Levan Natroshvili, a member of the working group,  representative of non-governmental organization “Transparency International”, says …

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Incredible style of Saudi Princess Deena

Princess Deena Aljuhani Abdulaziz, street-style star, chic retailer, and Saudi’s most prominent fashion royal. The Saudi princess has become a fashion week stalwart while scouting the buy for her boutique D’NA, which has locations in Riyadh and Doha. In 1996, Abdulaziz was courted by Prince Abdulaziz Bin Nasser Bin Abdulaziz Al-Saud following their chance …

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