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Daily Archives: March 2, 2016

Humanity- Georgia Intents to Cooperate with NGO’s

Humanity GeorgiaHumanity Georgia

Public Relations manager of pharmaceutical company Humanity-Georgia Nino Daraseli  made a special announcement to clarify all received questions towards the company, she said that Humanity- Georgia fully accepts the principle of transparency and openness and is ready to cooperate with any organization. We are ready to cooperate with any kind …

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Soplidan Named as The Best Startup of 2015

dairy products

Soplidan was named as The Best Startup of 2015 at the survey. The company was established in 2015. The main objective of the company is to provide the population of Tbilisi with healthy foods. The customer is able to order any desired product without leaving the house. The product is branded …

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Azerbaijan’s Position Allows to Expand North-South Route

Azerbaijan's Position Allows to Expand North-South Route

Azerbaijan’s geographic location will allow expanding the North-South international transport route to the West. This was stated by Economy and Industry Minister Shahin Mustafayev last week. Speaking to local media, the minister said that the North-South transport route will make it possible to realize cargo transportation to Pakistan, India, Central …

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24% more International Visitors Arrived in Georgia in February

24% more International Visitors Arrived in Georgia in February 2016

In February 2016 almost 24% more international visitors arrived in Georgia. Georgian vice Prime Minister, Minister of Economy and Sustainable Development Dimitri Kumsishvili held the briefing concerning about the international visitors arrival in Georgia.  According to him, based on the statistics for February 2016, almost 24% more international travelers visited …

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VTB Bank Announced About the General Sponsorship of National Football Team

VTB Bank Announced About the General Sponsorship of National Football Team

VTB Bank has become the general sponsor of National Football Team. Memorandum is already signed between the bank and Georgian Football Federation. According to it,  the bank becomes the general sponsor of National Football Team. The signed agreement envisages two-year sponsorship. Besides the fixed amount, the contract provides result-oriented additional sum, …

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State Budget Revenues Shrink in January-February

Lari

In January-February 2016 the state budget revenues marked 1 178 million GEL, down 163 million GEL (-12%) compared to the same period of 2015. It is worth noting that, compared to the 1Q15 plan, the first quarter of 2016 is expected to receive 280 million GEL less revenues. Tax revenues …

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Baia’s Wine May Enter British market

Baia's Wine May Enter British market

22-year-old Georgian lady winemaker’s wine named Baia’s Wine might be sold in England. As Baia Abuladze, the young entrepreneur and winemaker told Georgian Journal, one of the famous companies involved in exporting wines to England, Australia and 40 more countries, became interested in her brand. Baia was attending the Food …

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National Wine Agency of Georgia To Create Special Marketing Group

The marketing agency will be created on basis of the national wine agency, the Agriculture Ministry press release reads that covers the programs implemented in 2015 and future plans. Agriculture Minister Otar Danelia overviewed the plans at the parliament’s agrarian committee. The Minister has not specified whether the new agency …

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New Service to Launch for Foreign Citizens to Register Business

New Service has launched for foreign citizens in order to register their business. National Agency of Public Registry of Ministry of Justice of Georgia offers volunteer foreign citizens new services for business registration throughout Georgia. On the Public Registry website www.napr.gov.ge, there is added Georgian-English Charter to the documents concerning …

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SOFAZ Reveals Revenues, Expenditures in 2015

SOFAZ Reveals Revenues, Expenditures in 2015

Azerbaijan’s state oil fund SOFAZ, which accumulates and manages the energy-rich country’s oil and gas revenues, has revealed its revenues and expenditures for the period of January-December 2015. The Fund reported on March 1 that during the reported period, its budget revenues exceeded 7.721 billion manats ($4.898 billion), while budget …

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Multi-Million NibaDelisi Project Underway in Georgia

NIBA tbilisi

Multi-million project of NibaDelisi is underway in Tbilisi, the construction of the building is due to start in few months.  Founder of Niba Invest will announce sponsor in 10 days, Business contact reports. By this time, we are reviewing three different bank alternatives, that are ready to give the project …

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