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Daily Archives: May 10, 2016

Georgian Market Suffers from Deficiency of Hotel Suites

Georgian Market Suffers from Deficiency of Hotel Suites

Currently, the Georgian market suffers from deficiency of hotel suites and Ted Johnas have expressed ungrounded considerations, the Co-Investment Fund’s executive director Irakli Karseladze noted. There is not space in the capital city where an international forum or conference would be held, he added. “At this stage, the city has …

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The 12 Best Dayhikes in Georgia

The 12 Best Dayhikes in Georgia

There are people who don´t like camping, heavy backpacks or simply don´t have enough time for multiday treks. And Georgia offers a plenty of possibilities also for them. It is not always easy to find the necessary info online. So let us introduce the list of twelve day-walks, which, by …

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Investor Puts 3 million USD in Gurjaani Brandy Distillery Construction

Investor Puts 3 million USD in Gurjaani Brandy Distillery ConstructionInvestor Puts 3 million USD in Gurjaani Brandy Distillery Construction

The construction of a brandy distillery is underway in the village of Velistsikhe, the Gurjaani District. Kakhetian Traditional Winemaking has invested 3 million USD in the project implementation. The company’s General Director Zurab Chkhaidze told the Business Contact, the plan will be unveiled in late August. The plant will process …

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Georgia’s Wine and Spirits Export Data for 4 Months

Georgia's Wine and Spirits Export Data for 4 Months

According to National Wine Agency (NWA) data, 11 581 031  bottles of wine (0.75l) was exported to 30 countries worldwide in January-April, 2016, that is 45% higher, than the data of the previous year. 26.99 mil. USD worth of  wine was exported  in the  period under review, which is 15% higher, …

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VTB Bank’s Fast Loan for 260% Interest Rate

VTB Bank’s Fast Loan for 260% Interest Rate

VTB Bank’s Online Credit Offers One of the Most Expensive Credit Products on the Market. High interest rates on online credit products have shadowed expensive loan products of commercial banks. However, commercial banks have not cheapened their credit products anyway. It should be noted commercial banks also issue the so-called …

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Abkhazia – Georgia’s Pearl Huge Perspectives for Economic Development

Abkhazia – Georgia’s Pearl Huge Perspectives for Economic Development

Twenty-three years have passed since the military invasion of the autonomous republic of Abkhazia. The Pearl region of Georgia maintains its relevance until today. After announcement of the so-called independence, significant economic decisions were taken in the secessionist region, but these steps were insufficient and local residents still remain impoverished. …

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Hualing to Introduce New Chinese Airline to Georgia

Major Chinese corporation of Hualing plans to invest several millions of USD in Georgia. Georgian Prime Minister Giorgi Kvirikashvili and Hauling President Mi Enhua discussed the new investments project. Natural gas storage reservoirs, educational institutions, hospital, introduction of a new airline and development of tea industry and tourism sector – …

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