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Daily Archives: March 22, 2016

Small Business and Borrowed Startup Funds from Friend Led Sucess

Beka Aslanishvili

Beka Aslanishvili, 23, showed interest in the winemaking business in his 18. Today he exports Chinuri wines made in the village of Chardakhi, the Mtskheta District, to foreign markets. A German company was interested in the young enterpriser’s wine product of Nebi and the first consignment of 200 bottles will …

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State Universities Development Through PPP Model

Access to affordable  and high quality education  is a key to economic growth and development of country. Growing  global demand for improved educational  services like bettering of universities infrastructure and increased  quality control  of education create a complicated and costly challenge for the government. In this regards PPP is an …

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Georgetown American Burger Restaurant to Open in Tbilisi

Georgetown American Burger Restaurant to Open in Tbilisi

Sandro Shelia, who recently returned from the USA, plans to open “Georgetown American,” an American burger restaurant in Tbilisi. The restaurant will offer its customers burgers made with the delicious high-quality ingredients and, most importantly, real original Philly Cheesesteak. “I have recently returned back to Georgia from the USA. Therefore I have …

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Georgian Wines Names Will be Protected in Russia

Russia’s Federal Service for Intellectual Property (Rospatent) has completed the registration procedure of six wine names of Georgian origin, according to information published by National Intellectual Property Center of Georgia (Sakpatenti). Right to use the wine names “Khvanchkara”, “Tvishi”, “Akhasheni”, “Tsinandali”, “Mukuzani” and “Kindzmarauli” on the territory of the Russian …

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Georgia-Belarus Business Forum Working to Upgrade Ties

Belarus-Georgia

The Georgia-Belarus business forum will be held in Minsk, Belarus, on March 22-23, as part of Georgian Prime Minister’s official visit to Belarus. The event is organized by the commerce and industry chambers of Georgia and Belarus. The business forum will be unveiled by the Georgian and Belarus Prime-Ministers. The President …

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Georgia’s Commercial Banks’ Profits Shrink

The bank sector’s profits in February 2016 marked 16 million GEL, down by about 300% year on year. The figure has increased by 18% as compared to February 2014. As of March 1, 2016, six commercial banks have ended the reporting period in losses (∑6.1million). The Georgian bank sector currently …

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Georgia’s Exports to China Surges 1.5 times in January-February

Georgia-China

According to Geostat, in January-February 2016, as compared to January-February 2015, Georgia’s exports to China rose 1.5 times (up 14.5 million USD) and totaled 36.4 million USD. The figure is up 59% compared to the exports to the Russian Federation. Exports growth to China was driven by expansion of exports …

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