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Monthly Archives: March 2016

Georgian Alphabets are One of World’s Most Beautiful

Georgian Alphabets are One of World's Most Beautiful

Since the birth of the alphabet in the Near East around 2000 BC, endless writing systems from different languages and cultures have thrived and perished. The classic example is Egyptian, a highly developed civilization whose legacy remains the form of a famous hieroglyphic writing system, which we’ve never been able …

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The Memorandum of Cooperation Between GNAS AND GITA

The Memorandum of Cooperation Between GNAS AND GITA

On April 8, 2015, Georgian National Academy of Sciences and Georgia’s Innovation and Technology Agency (GITA) signed a Memorandum of Cooperation, in which the parties underline the significance of the development of innovations and technology for the economic growth, as well as the commercialization of scientific innovations and technologies, and establishment of sectoral centers …

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EU-Azerbaijan Business Summit Scheduled for May

EU-Azerbaijan Business Summit Scheduled for May

The 2nd European-Azerbaijan Business Summit is scheduled for May 18, in Baku to eye the business opportunities in Azerbaijan and to establish business partnerships. The EU-funded regional investment and trade facilitation project East Invest has announced the registration for the 2nd European-Azerbaijan Business Summit. This time, the event will focus …

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Rapid Estimates of Economic Growth, February 2016

Rapid Estimates of Economic Growth, February 2016

The estimated real Gross Domestic Product (GDP) growth rate amounted to 2.6 percent y-o-y in February 2016. The estimated real GDP average growth equaled 1.7 percent for January-February 2016 y-o-y. Geostat produces monthly rapid estimations of real GDP growth using administrative data on VAT taxpayers’ turnover, fiscal and monetary statistics. The …

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SOCAR Suspends Gas Supply to Ajara

ajara

SOCAR Georgia Gas, a subsidiary of Azerbaijan’s state oil company SOCAR in Georgia, suspended gas supply to Georgia’s Ajara Autonomous Republic starting from March 29. The company has said the gas supply will be suspended until April 3 due to the repairs at the Kobuleti-Batumi main road. “SOCAR Georgia Gas …

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Self-driving Shuttle Buses to Appear in Holland

Self-driving Shuttle Buses to Appear in Holland

The Netherlands is getting its own self-driving electric shuttle buses to move passengers between  Wageningen and Ede, about 11 kilometres apart. WePod is the name of the shuttle bus. It will travel on public roads, without designated lanes or barriers. The test started in November 2015. Thus, it is decided WePod, …

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FIZZY – New Drink for Adventure Seekers

FIZZY - New Drink for Adventure Seekers

New soft drink appeared on Georgian market. FIZZY is the drink who actually enjoy with adventures. The soft drink is manufactured for people who seek adventures, who astonish and get surprised, who make laugh and laugh, who sing and listen, who notice and are noticed. Fizzy is for such people, who are free and real, especially …

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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,” …

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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? …

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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, …

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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 …

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