Home / 2016 / March / 29

Daily Archives: March 29, 2016

Magticom+Caucasus Online: Magticom Purchased Assets of Caucasus Online


“We are pleased to inform you that the suspended negotiations between LLC Magticom and LLC Caucasus Online were resumed in March 2016 and finally, we have reached an agreement on a memorandum of understanding that will become the ground for concluding an agreement on sales and purchase of operating assets,” …

Read More »

Valuable Competition is Beneficial for Customers Says Parliamentarian


Ani Mirotadze, member of the parliament majority faction, talks about the pharmaceutical market prices and their reduction reasons. According to the AYFB research, over the past 4 months medication prices are declining. The AYFB collects information about price changes on 200 most in-demand medication. Do you agree with this report? …

Read More »

Where Georgian Citizens Will Have Visa-free Access?


Georgian citizens will be able to access to 29 countries and territories without any visa requirements any more. Below are presented the list of EU Member States, non-EU countries, and candidate countries of the Schengen zone, where Georgian citizens will be able to travel visa-free. EU member states: Austria,  Belgium, Germany, Hungary, Greece, …

Read More »

Founder of Tegeta Motors Makes Suggestions for Beginner Businessmen

giorgi mshvildadze

Caucasus Business Week had an exclusive interview with one of the founders of Tegeta Motors, Giorgi Mshvildadze, who made few suggestions for beginner businessmen. I am a civil engineer by profession. I have graduated transportation and mechanical engineering faculty at  the Georgian Technical University. I found my first job place at …

Read More »

Did Investments in Ajara Grow or Decline?


According to the 2015 preliminary report, the foreign direct investments in the Ajara Region declined by 24%, while the Ministry of Economy and Finance of the Autonomous Republic of Ajara assures that the ratio of foreign investments in total private investments made up 53%. PMC Research Center reports that the …

Read More »

Georgian Wine House Tamada Opens in China

wine china

Georgia continues promoting its wine and winemaking culture in China with the opening a new Georgian wine pavilion. Wine centre is located in China’s province of Jiangxi where about 30 million people live. One of the largest importer of Georgian wine to China “Xinjiang Beifaing Jianda Trade Co., LTD“ opened the pavilion. …

Read More »

Longest Playing Piano: National Record By Georgian Pianist

Tamar Babilua

Pianist Tamar Babilua broke a new national record by non-stop playing piano for 25 hours. The process has been supervised by Georgian Records’ Federation. Last year Babilua was diagnosed her with stage 3 cancer and it also should be noted that playing piano for such a long period of time …

Read More »

What are The Most In-Demand Jobs in Georgia? (List)

Waste recycling in Georgia

Government Reports about the Most In-demand Professions in Georgia, Barman, shop assistant, guide, locksmith, bricklayers – this is a shortlist of the most in-demand professions in the Georgian labor market. The Georgian Health Ministry has conducted the labor market research and outlined deficient professions in the country.  Giorgi Gamkrelidze, head …

Read More »

Foreign Investors Seek to Invest In Georgian Power Sector

Andria Gvidiani

The Association of Young Financiers and Businessmen (AYFB) comments on the preliminary report on IFD inflows that was published by the national statistics service of Georgia. Under the report, investment inflows to the power sector have decreased. The FDI inflows in the sector made up 90 million USD, down 100 …

Read More »

Price of Bank of Georgia Shares Rise at London Stock Exchange

Price of Bank of Georgia Shares Rise at London Stock Exchange

The price of Bank of Georgia shares (BGEO LN) increased by 18.2% at  the London Stock Exchange (LSE). The session week closed by 19.13 GBP (15-20 November) (+18.23% w.w.).  The maximum price made up 19.62 GBP and the minimum price marked 16.58 GBP, according to G&T. In the reporting week …

Read More »