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Monthly Archives: March 2016

EU-US Trade Agreement May Negatively Affect Turkish Economy

The signing of the Transatlantic Trade and Investment Partnership (TTIP) agreement between the EU and the US, which provides for duty free import of the US goods, may have a negative impact on the Turkish economy, the country’s President Recep Tayyip Erdogan said, the Turkish TV channel. Erdogan made the …

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ADB Mulls $450 mln Loan for Shah Deniz II Gas Project

Shah Deniz

The Asian Development Bank (ADB) is considering a $450 million loan to Azerbaijan to help expand its Shah Deniz natural gas project, the bank said on Tuesday. Azerbaijan’s biggest gas field, Shah Deniz is being developed by BP, Azeri state energy firm SOCAR and others. It holds an estimated 1.2 …

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New Georgian Handmade Wrist Watch Appeared on Market

Handy

New brand “Handy” appeared on Georgian market. Handmade wrist watches are made of beech wood and natural leather. According to Handy’s co-founder, Sophie Gurasashvili stated in her speech with”Business contact” that the idea of ​​creating handmade watches appeared several months ago. Thus, in order to make some of the first samples, …

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Old Tbilisi Walking Tour of Architecture and Hidden Treasures

Old Tbilisi

When I told the only other person I know who has traveled to Georgia that we were heading to this magnificent country, one of her many suggestions was to set aside time to walk through old Tbilisi to soak in the crumbling architecture and iconic Tbilisi balconies. So when our …

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Major Turkish Company Implements New Investment Projects in Georgia

Calik Holding

Calik Holding, one of the major companies of Turkey, and GE Power plan to implement new investment projects in Georgia. Calik Holding chairman Ahmet Chalik and GE Power vice-president Ricardo Kordoba discussed the implemented and future projects at the meeting with Georgian Prime Minister Giorgi Kvirikashvili. A new steam power …

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Annual Averaged Yield on GEL-denominated Loans Rise to 24.1%

Georgian Money

In February 2016, as compared to January 2016, the volume of GEL-denominated loans issued by commercial banks shrank to 39 million GEL, while foreign currency denominated loans increased by 23 million USD. At the same time, the GEL denominated loans increased by 361 million GEL year on year, while foreign …

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Experto Consulting to Assist VERGNET Group to Enter Georgian Market

Experto Consulting to Assist VERGNET Group to Enter Georgian Market

Experto Consulting is delighted to publicly announce that we have signed a partnership agreement with VERGNET Group. According to the partnership, Experto Consulting will support the Group and promote its knowhow in renewable energy on the Georgian Market. Vergnet is the leading global renewable energy solutions provider with a track record …

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Chinese CNTIC Considers Launch of Manufacturing of Glass in Georgia

Chinese CNTIC Considers Launch of Manufacturing of Glass in Georgia

Delegation of Partnership Fund, headed by Davit Saganelidze and George Cherkezishvili, head of Investment Department continues business meetings in the People’s Republic of China. Delegation of the Fund meets government officials and representatives of business circles in Shanghai. According to the Fund, delegation of Partnership Fund  met Chen Han Dzie, head …

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Jordanian Ranco Capital Studies Georgian Market

Jordanian Ranco Capital Studies Georgian Market

Delegation of big investment company Ranco Capital has introduced to the activity of Partnership Fund. The matter concerned to the ongoing and implemented projects of the Fund at the meeting held on Wednesday. The attention was focused on real estate and production sector. Jordanian businessmen are interested in two directions: 3-4 …

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Term for Interest Expression on Namakhvan HPP Cascade is Prolonged

Term for Interest Expression on Namakhvan HPP Cascade is Prolonged

Term for interest expression on Namakhvan HPP Cascade is prolonged until July 7. “JSC “Georgian Energy Development Fund” takes decision to extend application submission term at the consent of the Ministry of Energy, as the applicants’ proposals are discussed as the final and do not subordinate to the change, as …

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Blauenstein Georgia to Invest 18 million in Racha

Racha

Giorgi Kvirikashvili, the Prime Minister of Georgia attended the presentation that was held by the representatives of the company “Blauenstein Georgia”. Georgian-Swiss company showed up its plans for near future. The representatives made a statement that 18 million worth of investent will be implemented in Racha region. Additionally, it is planned …

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