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Daily Archives: August 3, 2016

Georgian Beer Company Started Rad Rain Production

American energy drink “Rad Rain” has appeared at Georgian market. The drink is produced by JSC “Georgian Beer Company” in Georgia. “This is new American energy drink “Rad Rain”. I think that the drink will be competitive at the market due to its high quality. I would say that it …

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Government Holds Negotiation with Flydubai on Adding the New Flights

Georgian government holds negotiations with company flydubai on adding the new flights. As Dimitri Kumsishvili, the first Vice Premier and minister of Economy and Sustainable Development explained, permanent growth of visitors are fixed from the neighboring countries. “We have a good growth from Iran and it amounts several thousands of …

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23-year-old George Latsabidze to Cultivate Giant Blackberries

23-year-old George Latsabidze cultivated giant blackberries without thorns in the village of Kisiskhevi at Telavi Region. He has currently half a hectare of land where he is dealing with this business. A single grain of the blackberry weights on average 15 grams, whereas the root yield weights of 10 kg. Thus, George plans blackberry …

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Tbilisi Silk Road Forum: Next Steps for Georgia and the Silk Road

Silk road

The Tbilisi Silk Road Forum which took place 15–16 October 2015 – co-hosted by the Georgian and Chinese governments – was a clear endorsement by Georgia of China’s proposed Belt and Road policy. It also provided an opportunity to showcase Georgia’s position at the heart of a changing Eurasia. At …

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The Statement Regarding the Ownership of FINCA Bank Georgia

Finca bank

In response to a recent interview with Giorgi Gugava published on August 1, 2016, whereby Mr. Gugava (who in his interview spoke on behalf of the leaders of Labor Party) claimed that “the candidate of Georgian “Dream” party in Khobi, Goderzi Bukia, owns FINCA Bank Georgia, we are compelled to …

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Georgia’s First Underground Gas Storage Tank to Open in 2021

Georgia will put into exploitation its first underground gas storage tank at the beginning of 2012. Temur Gochitashvili, head of the supervisory board of the Georgian Oil and Gas Corporation (GOGC), told the Business Contact that at this stage the project feasibility studies have been finished, but additional research works …

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National Bank Statistics Proves Downfall in Prices

Imported inflation in June declined by 5% compared to May 2016 as a result of contraction in fuel prices, the monthly report by the National Bank of Georgia (NBG) reads. It should be noted that, because of the exchange rate devaluation, prices of family equipment or other imported goods extremely …

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Wizz Air to Launch Kutaisi-Milan Flights on September 25

wizz air

Wizz Air airline will perform flights from Kutaisi to Milan. The flights will be performed to Malpenza Airport instead of Bergamo airport. The United Airports of Georgia reports that starting September 25 Wizz Air will perform flights from Kutaisi to Milan, the Malpenza Airport. Wizz Air was established in 2004 …

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