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Monthly Archives: March 2016

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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Turkey Explosion: Ankara Car Bomb Kills at Least 27

Ankara attack

At least 27 people were killed and 75 others were wounded after a car exploded in Ankara’s central Kizilay neighborhood at 6.45 p.m. local time (1645 GMT) Sunday evening, Ankara Governor’s Office said in a statement. According to the statement, 23 people died on the spot, while four others died …

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Southern Gas Corridor To Remain Active for 50-60 Years

The revenues of Shah Deniz -2 and Southern Gas Corridor projects will exceed the expenditures by 2028-2030, Azerbaijan’s Energy Minister Natig Aliyev said in an interview with Natural Gas Europe. Azerbaijan eyes Shah Deniz, TANAP and TAP as a united project, he added. “The capital expenditure on Shah Deniz -2 …

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Southern Gas Corridor Has Means of Moving Beyond Pipeline Politics

The Southern Gas Corridor, which proposes gas supplies from the Caspian region to Europe, is an essential project and must be supported, the British Transatlantic and Caucasus Studies Institute director Ziba Norman told Trend news agency. “The Southern Gas Corridor and the diversification of supplies it offers to the EU …

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No Problem With Southern Gas Corridor’s Financing, Minister Says

No Problem With Southern Gas Corridor's Financing, Minister Says

There is no problem with financing of the Azerbaijan-initiated Southern Gas Corridor project, which envisages the transportation of the Shah Deniz 2 gas to European consumers. Azerbaijan’s Energy Minister Natig Aliyev said during a panel discussion titled “The future of energy, the future of global governance” within the framework of …

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