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Daily Archives: March 14, 2016

Georgian Student to Start Greenhouse Strawberry Farming

Georgian Student to Start Greenhouse Strawberry Farming

21-year-old Georgian student Giorgi Tsirekadze is interested in greenhouse strawberry production. According to him, the construction of 100 square meters is already ready and as soon as everything will be finished then the planting of seedlings will become available. “By now 100 square meters construction is ready, however, the construction process is not …

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SOCAR Discloses Russian Gas Procurement Volumes

GAS Socar

SOCAR is negotiating with the Russian Gazprom company and Iran to purchase three billion cubic meters of gas annually, Rovnag Abdullayev, SOCAR president, told reporters March 14. “There is still interest in purchasing Russian gas,” he said. “We conveyed Gazprom our suggestion. We need gas for injecting into the reservoirs …

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Georgia’s Exports Amounts to $281m in January-February 2016

Foreign Trade

Georgia’s foreign trade turnover in January-February 2016 declined by 2% compared to the same period of 2015 and totaled 1.413 billion USD. The exports in total trade turnover marked 281 million USD, the imports amounted to 1.133 billion USD. In the reporting period, the exports declined by 13% and the …

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Georgian Wines Will Take Part in ProWein 2015

ProWein 2015

14 Georgian wine producers and Georgian Wine Association are participating in ProWein wine fair in Duesseldorf, Germany, on March 13-15. The event is recognized as one of the most prestigious events in the wine industry of Europe. Over the three day exhibition the Georgian products will be sampled at tasting sessions …

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Ikea Billionaire Wears Second-hand Clothes to Save Money

Ikea Billionaire Wears Second-hand Clothes to Save Money

The billionaire Ingvar Kamprad does not mind wearing used clothes at all in therms of saving money. Kamprad is the founder of multinational group of companies Ikea, which is specialized in trade with home furnishings. Ikea was founded in 1943 by Ingvar Kamprad. Featuring Scandinavian modern style furniture and accessories. Include storage options, lighting, …

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Georgia to Launch Swiss Cheese Production

cheese

Blauenstein Georgia company plans to launch dairy production. At this stage, the company owns 6 cattle-breeding farms in the Racha Region. A dairy plant will be constructed in 2 years. Currently, Gruyere Swiss Cheese is not produced in Georgia. It is worth noting unlike all other Swiss cheese varieties, Gruyere …

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Caucasus Business Week #137

Caucasus Business Week #137

1.Investments Dip 2. Levan Koberidze – ‘Major Part of Georgian Businessmen Seek Short-term Effects, not Long-term Perspectives’ 3. Why Foreign Investors Avoid Making Portfolio Investments in Georgia 4. Why Should More Women be Employed? 5. MADI – Handmade Knitwear 6. Irakli Iashvili – I Refused to Pursue Communist Party Career …

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Why Foreign Investors Avoid Making Portfolio Investments in Georgia

Investments

Investment inflows to a country depend on many interconnected factors, including political stability, conflict region, quickly growing and progressive economic indicators, property protection guarantees and one of the most important factors – valuable financial markets with alternative and diversified sources of drawing capital. Portfolio Investments Portfolio investments encompass a set …

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Investments Dip: 2015 Investment Inflows Drop 23% Year on Year

Investments in Georgia-CBW

Georgia attracted 1.351 billion USD foreign direct investments throughout 2015. According to Geostat, the national statistics service of Georgia, the 2015 indicators are 6% higher compared to the 2014 early report indicators, but 23% lower compared to the 2014 specified indicators. Georgia drew 1.758 billion USD FDI in 2014. Major …

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Chinese Major Corporation to Make Investments in Georgia

An official delegation of Chinese engineering corporation CMEC (China Machinery Engineering Corporation) has finished its visit to Georgia. During the 3-day visit, the Chinese delegation has seen sights in the country and attended internal concert of Erisioni folk music and song state academic ensemble. The Chinese official delegation led by …

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