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Daily Archives: July 22, 2016

White Hat to Replace Imported Materials with the own Production

White Hat to Replace Imported Materials with the own Production

Company White Hat will replace imported materials with the own production from Autumn. As Ivane Ioseliani, general director of the company has declared to GBC, development of compost agricultural is being carried and 1 million USD will be spent. Dutch type compost plant will be enacted from autumn and it will …

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Italy Eyes Private Deal to Bail out Bank

Italy Eyes Private Deal to Bail out Bank

Italy is eyeing a private sector solution to rescue Monte dei Paschi di Siena, Italy’s third-largest bank by assets, in an attempt to sidestep tough EU curbs on bailouts, according to senior bankers and European officials. Rome’s main options, however, involve the heavy involvement of the state-backed bank Cassa Depositi …

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The World’s Largest Steel Manufacturer to Invest $ 500 Mln in Georgia

The World's Largest Steel Manufacturer to Invest $ 500 Mln in Georgia

Georgian Deputy Foreign Minister David Jalagonia has met  the Korean steel manufacturer POSCO company’s first vice-president. POSCO is one of the largest companies is the Republic of Korea and is included in the top five of the world’s largest steel manufacturers. The company wants to build  an ultra-modern metallurgical plant …

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Installation of Natural Juice line is Started in Zedazeni Plant from Today

Installation of Natural Juice line is Started in Zedazeni Plant from Today

Installation of natural juice line has started in Zedazeni plant from today. Businessman Tsezar Chocheli has announced about it. “This is aseptic technology, which envisages processing of the product on a low-temperature and which analogue does not exist in none of our neighboring countries. I am proud that 100%-natural juice, produced …

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Quality Mark Award for the Guides Begins in Adjara

Quality Mark Award for the Guides Begins in Adjara

Tourism Department of Adjara, started quality mark awarded for the guides in Adjara within the frame of  a new project of “Recommended by the Tourism Department”. Presentation of the project has been held for the operating guides in the region on Friday. They have introduced meaning of the project, engagement mechanism and advantages. The …

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Basis Bank Announced about the Successful finished of Q2

Basis Bank Announced about the Successful finished of Q2

Basis Bank announced about the successful finished of Q2. According to the bank, net profit of the bank has made up 12.8 million GEL. Basis Bank has advanced in the banking sector by this index and ranks on the 5th position. Return on Assets (ROA) has made up 3.5% and the …

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Ukraine is a Basic Chocolate Supplier for Georgia

Ukraine is a Basic Chocolate Supplier for Georgia

Georgia annually makes chocolate import of 13-15 thousand t. According to “Sakstat”,  chocolate import has amounted to 5,28 thousand t in Q1 of the year, which value totals to 16 million USD. The basic importing markets by this segment are Ukraine and Russia, respectively import of 40,55% and 34% accounts for …

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Turkish Airlines Performs flights in a Continuous Mode

Turkish Airlines Performs flights in a Continuous Mode

Air company Turkish Airlines performs flights in a continuous mode. According to the company, Turkish Airlines carries on to operate in a continuous mode despite three-month state of emergency declared by Turkey’s President. Flights will not be interrupted either today or in the future. Turkish Airlines is a state company, …

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