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Daily Archives: June 23, 2016

BGEO Became 100% Stockholder of the Company GGU

BGEO Became 100% Stockholder of the Company GGU

BGEO Group has purchased 75% of Georrgian Global Utilities. As a result, it became 100% share holder of the company. According to the published information by the company, the transaction value made up 287 million GEL. GGU is the owner of “GWP“. “BGEO Group purchased 25% of the company’s share …

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Georgia Establishes Joint Space for Business Services

Georgia Establishes Joint Space for Business Services

The government establishes joint space for business services. The government should discuss the issue at the session. Inter-Agency Working Group is being created, which should be headed by the Vice Premier Dimitri Kumsishvili. Ministry of Justice should be actively engaged in the working of the group. “Now is important to …

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New Models of Tsikolia Watches Are Coming

New Models of Tsikolia Watches Are Coming

New model P-47 of  TSIKOLIA Watches will be released at the market in a month. Consumers will be able to purchase famous Georgian designer Zviad Tsikolia’s watches in the chain of “ArtTime”, as well as official web-page of TSIKOLIA Watches. Cost of the model is not specified yet. The watch is inspired …

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RedCo Invests $150m in the Development of Gudauri Resort

Company “Red-Co” plans construction of European standard resort zone in New Gudauri. The company has already acquired land plot of 50 ha in new Gudauri, which development should be made in line of general plan of company “Ecosign”. The first stage of the project includes cultivation of 10 ha. Construction …

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Reconstruction Works of Saakadze Square to Begin

Reconstruction Works of Saakadze Square to Begin

The Transport Municipal Service of Tbilisi City Hall begins the reconstruction works of Saakadze Square. The works will be accomplished by the second half of July 2016. There will be placed pedestrian crossing islands, trafiic lights will be installed and road markings will be renovated”. These works are conducted on the …

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Development Sector Makes Major Contribution to Georgian Economy

In the first quarter of 2016, as compared to the first quarter of 2015, the Georgian economy increased by 2.6% (Gross Domestic Product -GDP). The major growth was recorded in the mining industry (29%) and development sector (25.7%). Transport and electricity production-distribution sectors have declined by 1.1% and 3.1% respectively. …

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Georgian Led TV Sets to Compete with Samsung Production

A few weeks ago Georgian TV sets appeared on the market. The factory AG Telekom put the production up for sale on June 1, 2016. According to the head of the factory, Mikheil Ghlonti, since June 1st till today, 150 units of TV sets have been purchased on average. Thus, …

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How Much is Tuition Fee at Private High Schools in Georgia?!

The summer season always actualizes one of the most important issues – high schools. Today, Georgia-based private educational institutions could be divided into three categories. The first category embraces expensive schools (5000$-20000$), the second category comprises medium-priced schools  (3000-5000 GEL) and the third category unites low-cost high schools, where monthly …

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