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Daily Archives: July 13, 2016

“Startup Market” New Space Conception for Business Startups

"Startup Market" New Space Conception for Business Startups

Startup Market is a new and different space conception for business startups. Especially for this project, startuppers from various industries create a new product, which is sold at a special price in the moving shopping space of “Startup Market”. The steering group member talked with Marketer about  the objectives of …

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Georgian Wine has not been formed yet Stable Market for Realization

Georgian Wine has not been formed yet Stable Market for Realization

“Georgian wine has not been formed yet stable market for realization”, – Zurab Ramazashvili, Telavi Wine Cellar company’s supervisory board chairman stated with Business Contact. According to him, the export price of Georgian wine has been dropped almost 25%, due to the reduced purchase capacity in the main markets of Russia and Ukraine. Ramazashvilis …

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Exports Price of One Bottle Georgian Wine Declines by 25%

wine

In the first half of 2016 Georgia exported 19.8 million bottles of wine to 40 countries, up 44% compared to the same period of 2015. In the reporting period, the exports value made up 46.6 million USD, up 18% year on year. Along with wine exports growth, wine sales prices …

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Foreign Investors Show Most Interest in Court System Performance

Photo/ Ipress.ge

The next meeting between the court system representatives, government officials and the business sector representatives will be held in September. The previous meeting discussed judicial systems of various countries, Soso Pkhakadze told the Business Contact. Lack of magistrates and absence of due infrastructure are main reasons for protracted business disputes, …

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Ex-Convicts to be Employed at Glass & Plastic Manufacturing Plant

Ex-Convicts to be Employed at Glass & Plastic Manufacturing Plant

In Tbilisi, around 20 ex-convicts will be employed in Glass & Plastic manufacturing plant. All together 70 individuals will be employed in the new factory of glass & plastic products, which will be settled in Didi Lilo. According to Prime Minister Giorgi Kvirikashvili for the purpose of creation of the venture, 700 thousand GEL …

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First Flight on Route Tbilisi- Dammam, Saudi Arabia

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Tbilisi international airport welcomed the first flight from Dammam to Tbilisi. Direct flights on the route Dammam-Tbilisi-Dammam will be performed during the summer season from July 13 till September 18, three times a week, on Tuesdays and Fridays and Saturdays by B- 735/737 and CRJ 100 type aircrafts. The charter …

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Warriors Sign Free Agent Center Zaza Pachulia

Warriors Sign Free Agent Center Zaza Pachulia

The Golden State Warriors have signed free agent center Zaza Pachulia, the team announced today. Per team policy, terms of the agreement were not released. Pachulia, 32, averaged 8.6 points and a career-high 9.4 rebounds to go with 1.7 assists and 26.4 minutes in 76 regular-season games (69 starts) with …

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TBC Bank Wins “Best Bank in Georgia 2016”

euromoney (1)

Award from Euromoney Magazine TBC Bank was named the “Best Bank in Georgia 2016” by Euromoney Magazine for the fifth time in the past six years, having also won the award in 2011, 2012, 2014, and 2015. The editorial team commented that TBC Bank earned this year’s country award in …

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Government to Subsidize Grape Harvest

grape-harvest

By the Government’s decision, this year the Government will subsidize Grape Harvest 2016, Georgian Prime Minister Giorgi Kvirikashvili noted before the government meeting and expressed hopes that farmers and peasants will fully sell out their products. “After overall discussions we have taken a decision to subsidize the vintage. We will make …

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AYFB: Competition Agency should Explore SOCAR’s Market Strategy

SOCAR

Andria Gvidiani, an analyst for the Association of Young Financiers and Businessmen (AYFB), makes a comment on invaluable competitive environment on Georgia’s autogas market and threats coming from dominant market positions of Azerbaijani SOCAR. Based on the  natural gas market realities, one monopolist supplier operates on the market represented by SOCAR and …

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