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Daily Archives: July 5, 2016

Georgian Spices Preparing for Global Trade

Georgian spices manufacturer company “Suneli” plans to expand its production and increase export. As the head of the company Zaza Bezhanishvili points out, negotiations are underway with several countries, including Ukraine and Poland. “We had meetings, we are going to develop cooperation in order to increase the demand of the production capacity”,- …

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Stadler to President Cars for BTK Railway in September

Stadler to President Cars for BTK Railway in September

Stadler will president cars for Baku-Tbilisi-Kars (BTK) Railway in September. According to Railway Gazette, bed wagons will be presented at InnoTrans 2016 exhibition in Berlin. In total, 30 cars will be built for use on BTK. The cars are produced in four categories: standard, comfort, business and restaurant. The cars will …

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Magticom to Complete Reregistration of Caucasus Assets in August

MagtiCom Wants to Attract 100 mln USD from EBRD

Magticom has announced about replacing the service supplier. Based on the Agreement with LLC Caucasus Online, Magti will receive all required assets to provide corporate and retail services. The process will be completed in August 2016 and then Magticom company will provide services to Caucasus Online clients. The process of …

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European Commission: Southern Gas Corridor – a Strategic Initiative

European Commission: Southern Gas Corridor – a Strategic Initiative

The Southern Gas Corridor is a strategic initiative to bring the Caspian gas resources to the European markets, said the European Commission’s Vice President for Energy Union Maros Sefcovic. He made the remarks during his interview with Greek news website Naftemporiki.gr July 4. Sefcovic said the EU will accelerate efforts to …

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The Government Wants to Open International Airport in Zugdidi

The Government Wants to Open International Airport in Zugdidi

“Union of Georgian Airports” invites companies for construction-rehabilitation of the airport and its further operation. Submission term of the proposals expires on July 11, 2016. According to the Union of Georgian Airports, interested company must build such airport, which should be able to serve local as well as international flights. Moreover, the …

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Price of Bank of Georgia Shares Grows at London Exchange

The price of Bank of Georgia shares (BGEO LN) increased by 7.1% at London Stock Exchange (LSE) in the previous week. The session week ended in 26.24 GBP (+4.5% m.m.). The top price made up 26.39 GBP. Over the week, deals were made on more than 436 000 shares and …

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PASHA Bank joined USA Independence Day Celebration

PASHA Bank joined USA Independence Day Celebration

PASHA Bank, Baku-based financial institution providing corporate and investment banking services in Azerbaijan, Georgia and Turkey, participated in the celebration of the independence day of the United States of America together with American Chamber of Commerce in Georgia. For the second year in a row, the Bank sponsored the traditional picnic that was …

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Women for Tomorrow 2016

Women for Tomorrow 2016

On July 6, from 10 am to 17 pm, at Rooms Hotel Tbilisi Business Forum – “Women for Tomorrow 2016” will be organized by Business Association “Women for Tomorrow”, which will be held with the support of the United Nations Development Programme (UNDP) and TBC bank. Its main purpose is to show the women’s …

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Foreign Airlines Add New Flight Frequencies in Georgia

Foreign airlines have added new flight frequencies to Georgia. According to the Civil Aviation Agency: Kazakh airline Air Astana has increased flight frequency on Almaty-Tbilisi-Almaty direction and now is performing 6 flights a week instead of previous 5 ones starting July first. Iranian airline Qeshm Air has increased flight frequencies …

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