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Daily Archives: August 29, 2016

Five Star Hotel to Open in “Cube Tower” in Early 2018

Five Star Hotel to Open in “Cube Tower” in Early 2018

The “Cube Tower,” which shall house the five-star Swiss Belhotel International, is to begin operating in February 2018 – one month later than originally planned. The government of Ajara has agreed to extend the deadline for the investor company “ADOG-GEORGIA” to fulfil its liabilities. ADOG-GEORGIA’s fines have been written off under …

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Construction of Samtredia-Grigoleti Highway Section Enters Active Phase

Construction of Samtredia-Grigoleti Highway Section Enters Active Phase

Works on the Samtredia-Grigoleti section of the main highway are entering active phase. At present, works are being carried out on laying road foundations for the aforementioned section and arranging artificial constructions. Stage 1 of the project will see the construction of an 11.5 km section of the highway with …

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Promotion of Borjomi Begins in South Korea

Promotion of “Borjomi” Begins in South Korea

Borjomi is being exported to South Korea. According to the Ministry of Foreign Affairs, the first shipment of the mineral water brand reached the Korean peninsula in June. The import of Borjomi is conducted by the Korean commercial firm ANK Service Co, which has exclusive rights to distribute and sell …

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Investment Inflows to Ajara Grew by 26% in 1H16

Investment Inflows to Ajara Grew by 26% in 1H16

Investment inflows to Ajara have increased by 26% in the first quarter of 2016, as compared to the same period of 2015, Ramaz Bolkvadze, Minister of Finances and Economy of Ajara, noted. “Private investment inflows in January to June 2016 made up 208.1 million USD, including 154.2 million USD foreign …

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$50 Million Project by “Rekan Group” is set to Continue

$50 Million Project by “Rekan Group” is set to Continue

“Rekan Group Georgia’s” construction project of a multifunctional complex in Adjara is set to continue. The government of Adjara decided to write off the company’s fines for failing to fulfil its liabilities. In return, the “Rekan Group” will renew its commitment to fulfilling all its liabilities and pay the equivalent …

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Georgia’s New Caucasus Trail Will Link Black and Caspian Seas

Georgia’s New Caucasus Trail Will Link Black and Caspian Seas

Founders hope project will become one of the world’s great hikes, revealing the fascinating cultures and unexplored natural wonders of the Caucasus. ”Hiking the Caucasus for a few months would be incredible, like going across a continent in miniature. The spectacular terrain ranges from Georgia’s dense forest and glaciers to …

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