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Daily Archives: May 30, 2016

Georgian-Slovak Business Forum

Georgian-Slovak Business Forum

Prospects of deepening Georgian-Slovak trade and economic relations, partnership in the energy sector, information technologies, logistics, transportation, infrastructure and commerce were discussed today at the Georgian-Slovak Business Forum. Prime Minister of Georgia Giorgi Kvirikashvili and President of Slovakia Andrej Kiska opened the event. In his speech Prime Minister of Georgia …

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Distribution Business Revises Prices by 20%

Distribution Business Revises Prices by 20%

GEL depreciation in relation to USD has especially affected the consumer market, because the distribution companies buy products from the suppliers in USD. Product prices have increased  in the distribution network too. After the GEL exchange rate started rising, products prices changed by about 10-20%. “GEL appreciation has already made …

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Rapid Estimates of Economic Growth April 2016

Rapid Estimates of Economic Growth April 2016

The estimated real Gross Domestic Product (GDP) growth rate amounted to 4.3 percent y-o-y in April 2016. The estimated real GDP average growth equaled 2.3 percent for Q1 2016 and 2.8 percent for the first four months of 2016 y-o-y. Geostat produces monthly rapid estimations of real GDP growth using …

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Bruno Balvanera: Investors’ Appetite is Increased on GEL

Bruno Balvanera: Investors’ Appetite is Increased on GEL

Bruno Balvanera, EBRD Regional Director has declared on rising trend of GEL through 8 weeks. However, he expects its maintenance. Bruno Balvanera noted with TV-company Maestro that local currency is strengthened by 2/5 through a month and half, which is important as it raises the trust. The result is clear …

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Additional Flights Appointed from Kazakhstan to Batumi

Additional Flights Appointed from Kazakhstan to Batumi

From June 1, 2016 of the current year, Kazakh airline SkyBus starts to commence additional charter flights between Kazakhstan and Georgia. The frequency of the flights will be implemented 8 times per week for the following airlines: • Aktobe-Batumi-Astana; • Kizilorda-Batumi-Aktobe; • Shimkenti-Batumi-Kizilorda; • Aktau-Batumi-Shimkenti; • Atyrau-Batumi-Aktau; • Kharaghanda-Batumi-Atyrau; • Kustanai-Batumi-Karaganda; …

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Israel to Simplify Legal Job Quotas for Georgian Citizens

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“We believe it is possible to increase the tourist inflows from Israel to Georgia  by 100%”, Mr. Itsik Moshe, president of the Georgia-Israel business chamber, told the Business Morning TV Program. I have submitted a bilateral tourism development plan to the Minister of Tourism of Israel, Itsik Moshe said. Today, …

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Georgian-Made Led TV Sets Available in Stores

Georgian-Made Led TV Sets Available in Stores

The realization of the first Georgian production of LED TV sets started today. As the director of Georgian-Azerbaijan company AG -TELECOM Michael Ghlonti declared to “businesspressnews” initially the production is available only in one store so far. “In the nearest future the realization places will become more diverse, negotiations are already underway with several shops. The …

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Tbilisi Based Start-Up Transforms Social Networks

Hila Peled

For the last few years, startups have become country’s one of the most significant issues. Georgia is making efforts in funding local innovative projects and also attracting international startups. “Reasonable salaries, good developers, reliable internet, easy business registration, a creative and solid start-up community, and a nice climate”, this is …

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