Home / 2016 / August (page 3)

Monthly Archives: August 2016

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 …

Read More »

$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 …

Read More »

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 …

Read More »

Georgia to Finance Each Finalist of Startup Georgia by 100 000 GEL

Your victory has brought victory to whole Georgia, because our country relies on you, Georgian Prime Minister Giorgi Kvirikashvili addressed the Startup Georgia winners. Startup Georgia, innovative business development support state program has selected 51 projects. Georgian Prime Minister Giorgi Kvirikashvili has attended the high-technology component closure ceremony and congratulated …

Read More »

Chinese Corporations Tend to Invest in Construction Industry of Georgia

Chinese

Largest Chinese corporations are interested in investing in construction industry in Georgia, Georgian wine and tourism sector – Prime Minister of Georgia Giorgi Kvirikashvili made respective statement during the meeting with President of Hualing Group Mi Enhua and representatives of other Chinese corporations. Giorgi Kvirikashvili elaborated on Georgia’s investing environment …

Read More »

Back to the Future at Ad Black Sea Seminar Program

Back to the Future at Ad Black Sea Seminar Program

Ad Black Sea will welcome Eka Kipiani, Jury Member of Advertising Campaigns Jury, Creative Director of JWT Metro from Georgia at seminars’ program. Her speech titled “Back to the future: destination – product” about threats to advertising and new era of trade. “We daily witness the uprising of branded content …

Read More »

Big Banks Plan to Coin New Digital Currency

Big Banks Plan to Coin New Digital Currency

Four of the world’s biggest banks have teamed up to develop a new form of digital cash that they believe will become an industry standard to clear and settle financial trades over blockchain, the technology underpinning bitcoin. UBS, the Swiss bank, pioneered the “utility settlement coin” and has now joined …

Read More »

220 Hotels Shut Down as Occupancy Collapses in Tourist Areas

220 Hotels Shut Down as Occupancy Collapses in Tourist Areas

The number of closed hotels has increased nationwide during the current period, as the current tourism crisis continues. The number of closed facilities in all tourist areas registered 220 hotels so far, according to Ahmed Balbaa, chairperson of the tourism committee in the Egyptian Businessmen’s Association (EBA). Sharm El-Sheikh acquired …

Read More »