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Daily Archives: August 18, 2016

The Best Georgian Food and Wine

Khachapuri

While this list isn’t exhaustive, below we have listed some of our favorite Georgian foods and wines. Soon we include other tasty Georgian dishes, as well as some of the best Georgian salads and cheeses. Until then, stay tuned and enjoy! Khachapuri It goes without saying that khachapuri is one …

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Tbilisi to Host Georgia-Turkey Business Forum

turkey, georgia

On August 18 Georgia-Turkey business forum will be held at Tbilisi Marriott hotel. The event was planned as part of the visit that the Ministry of Agriculture and Food of Georgia paid to Georgia. Nino Chikovani, president of the Chamber of Commerce and Industry and Georgia, and Prime Minister Giorgi …

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New Vake Fitness Centre Worth Checking Out

Five years ago, there were few if any modern health and fitness centres in Georgia. Today they seem to be sprouting-up all over the place. One of the newer brands on the market in Georgia is the Minnesota, USA-based Snap Fitness franchise. Their newest branch is in the Vake district, …

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July Sees 1.5% Inflation Rate in Georgia: Economist

In July 2016 the inflation rate in Georgia rose by 0.2% compared to June and by 1.5% compared to July 2015 (annual inflation rate). The consumer price index increased by 15.7% compared to the averaged indicator of 2010. As compared to June 2015, the July inflation rate formation was influenced …

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First Stock of Nabeglavi Appeared in Korea

Increased demand on mineral water in Korea might be satisfied by Georgian products. Company “Premier Water International” has already implemented export of first stock of Georgian mineral water “Nabeglavi”. The company holds negotiations on product supply with one of the largest trade centre in Korea and restaurants of City Seoul. …

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10 Mln Dollar Investment to Put into Bentonite Clay Processing Plant

10 Mln Dollar Investment to Put into Bentonite Clay Processing Plant

In the Ozurgeti Municipality village Dvabzu, Bentonite clay processing plant is being built. Gia Salukvadze, the Governor of Guria with the businessman Gocha Chkhaidze get acquainted with the construction process. Ltd. “Askangel Alliance”, plans to reprocess at least 100 000 tonnes of bentonite clay annually. Accordingly, 10 million dollar investment …

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Temporary Administration is Appointed by NBG in “Caucasus Development Bank-Georgia”

Temporary Administration is Appointed by NBG in “Caucasus Development Bank-Georgia”

National Bank of Georgia (NBG) adopted decision to appoint temporary administration in “Caucasus Development Bank-Georgia”. According to NBG, the fact is not caused by the problems of the bank, operating in Georgia, but by the processes developed around Azerbaijan-based mother bank. Assets of “Caucasus Development Bank-Georgia” amounts 0.14% of total banking assets. …

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Cyprus-incorporated Mathade Buys 10% Stake in Rustavi Azot

Changes have taken places in Rustavi Azot stakeholders’ structure. According to official reports, Cyprus-incorporated Mathade has bought a 10% stake in Rustavi Azot from Agrochim S.A. The deal value is 17.5 million USD. Final owners will not be replaced and only internal shifts are reported, the company representatives said. Georgia’s …

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Companies That Demand for Capital Market Products Appeared in Georgia

“Companies, which show interest in capital market products have already appeared in Georgia”, Otar Dzidzikashvili, head of the pensions reforms service, told the Business Contact program. Companies’ demand for capital market products grow, but the country lack for investment foundations. The current legislation does not support development of investment foundations. …

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