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Daily Archives: May 4, 2016

April Records 20% Upturn in Tourist Inflows

April Records 20% Upturn in Tourist Inflows

The inflow of tourists in April 2016 has increased by 17.2% to 462 480 ones as compared to the same period of 2015. According to the Ministry of Internal Affairs of Georgia, the number of tourists made up 171 235 (37% in total quantity; +20%); transit – 107 500 visitors …

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Kazakhstan Insurance Company Plans to Enter Georgia

Kazakhstan Insurance Company Plans to Enter Georgia

One of the leading Kazakhstan insurance company “HSK” plans to enter Georgia and to establish its own company. The company’s board chairman, Tlek Alzhanov stated to Kazakh media about this decision. On the question of how to develop business management, Alzhanov said: “We do diversification. We would like to establish our …

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Georgia’s First Locally Produced LED TV sets will Go on Sale from Mid-May

Georgia's First Locally Produced LED TV sets will Go on Sale from Mid-May

Georgia’s first locally produced of LED TVs will appear on the market from mid-May.  Georgian-Azerbaijan company “AG TELECOM” director declared the information to businessconact. Initially, the company will offer customers two types of products. The company will present 32 and 40 inch Led TV sets. Accordingly, local products will compete with imported ones. According to …

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Economy Minister Forecasts $1.6 billion FDI Inflows in 2016

Economy Minister Forecasts $1.6 billion FDI Inflows in 2016

Georgian Economy Minister Dimitri Kumsishvili expects the country to draw 1.6 billion USD foreign direct investments (FDI) in 2016. The Minister made the statement for Rustavi 2 TV company. In 2013-2016 the country attracted 1.418 billion USD on average, while in 2009-2012 FDI inflows made up 872 million USD, amid the …

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Russian Ice Cream may Appear on the Georgian Market

Russian Ice Cream may Appear on the Georgian Market

The company Davaice for the production of ice cream, located in Kstovo, Nizhny Novgorod region, will start to export its products to Georgia in May 2016. It is reported by the press service of the Regional Office of Rosselkhoznadzor. The company also plans  to start exporting ice cream to Mongolia …

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HeidelbergCement Going to Maintain the Market Leadership

HeidelbergCement Going to Maintain the Market Leadership

The company HeidelbergCement appreciates the entry of a new cement company into the market as a challenge. We are talking about Cezar Chocheli’s project which envisages the construction of a cement factory in Senaki. The project in which $ 100 million will be invested is expected to be completed in …

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Georgian Meat exports to Iran and Iraq

Georgian Meat exports to Iran and Iraq

Meat production company Ibermeat is going to export its products to Iran and Iraq. According to the company’s  technical director, Ibermeat will start exporting beef and sheep meat to these countries by the end of May but first export license must be obtained before the export takes place. In Irakli Adeishvili’s …

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