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Monthly Archives: May 2016

Government Owns 171 Inactive Enterprises

Government Owns 171 Inactive Enterprises

LEPL National Agency of State Property of the Ministry of Economy and Sustainable Development of Georgia is implementing quantitative optimization-minimization process of enterprises that are facing essential financial difficulties. State-owned enterprises that do not operate at this stage and do not carry out entrepreneurial activities are subjected to merger, liquidation, …

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Purchase Agreement is Signed on Stadler’s Double-Decker Trains

Purchase Agreement is Signed on Stadler’s Double-Decker Trains

On Wednesday, purchase agreement has been signed on bringing of double-decker trains in Georgia. The agreement has been signed by Peter Shpuler, founder of Stadler and Mamuka Bakhtadaze, general director of Georgian Railway. Double-decker train of 102 m length and 5240 m height totally suits to the demands of Georgian Railway. The …

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First Online Outlet Shop Gebuy.net Launches in Georgia

Georgia’s first online outlet shop launched in February 2016 Gebuy.net. Multi brand shop offers its customers wide variety of accessories, shoes and cloths for women, men and kids. Outlet park is a shop, where different brands sell their original collections at discount prices.  The inspiration of creating Gebuy became the shortage …

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Adjaristsqali Georgia Emerges as Number One Investor in Ajara

Adjaristsqali Georgia

According to the recent years’ statistics, Adjaristsqali Georgia is reported to be number one investor in the autonomous republic of Ajara, Georgia. The statistics shows that Adjaristsqali Georgia has made a major investments in 2013-2015. Top ten investor companies in terms of FDI are as follows: LLC Adjaristsqali Georgia LLC …

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StreetArtNews: Gaze an Installation by STFNV in Tbilisi, Georgia

Gaze an Installation by STFNV in Tbilisi, Georgia

GAZE is the central art installation for the electronic music festival 4GB which took place at the former carriage-building Soviet factory in the city of Tbilisi in Georgia. STFNV used ropes hanging from the polygon connection points. The ropes, which are perceived as lines arranged in three-dimensional space and hung in the direction …

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Ashgabat Discuss Options of Turkmen Gas Supply via Southern Gas Corridor

The Southern Gas Corridor envisages the transportation of 16 billion of Azerbaijani gas annually.” Azerbaijan and Turkmenistan are negotiating the opportunities of transporting Turkmen gas to Europe through the Southern Gas Corridor, Natig Aliyev, Azerbaijani energy minister, said in an interview with ANS TV channel, Trend reports. “There are two …

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Silk Road Route Starts Transportation of Cargo Through Georgia

Georgian Railways declares, that route of 1 block-train is considered in per week at the starting stage, which should be increased for the future and bring different cargo in the mentioned corridor. Control train will perform its route in an agreed scheduled and frequency. Guram Guramishvili, deputy director of “Georgian …

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Georgian Wine Presented at the International Exhibition in England

Georgian qvevri wine  was presented at  the Natural Wines International Exhibition  held in  England’s capital London. The exhibition is organized by the well-known wine expert, International Master of Wine Isabelle Legeron. Nine Georgian cellars  manufacturing qvevri  participated in the exhibition with the support of the National Wine Agency at  Ministry of Agriculture of Georgia. According to  the Agency’s Chairman …

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Georgian Co-Investment Fund to Invest US$120 million in Concrete Production Facilities in Georgia

Georgian Co-Investment Fund to Invest US$120 million in Concrete Production Facilities in Georgia

HeidelbergCement Caucasus (“HC Caucasus”), Georgian Co-Investment Fund (“GCF”) and Hunnewell Partners LLP (“Hunnewell”) held an official presentation of their US$120 million joint investment project to upgrade HeidelbergCement’s existing cement and concrete facilities in Georgia. The final closing of the agreement is scheduled for June 2016. Aside from the financial contribution, …

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Leading Georgian Laboratories Can Only Partly Satisfy EU Standards

Leading Georgian Laboratories Can Only Partly Satisfy EU Standards

Filbert and filbert growing is a quickly-developing and competitive field that, unlike other agriculture fields, has never used state subsidies and the filbert exports are increasing irreversibly. In his interview to the Business Contact, Deputy Agriculture Minister of Georgia David Galegashvili talks about filbert and its potential. -Why do you …

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