Daily Archives: September 20, 2016

Fitch Sees Risks of Georgian Banking Market’s Close Down

Fitch Sees Risks of Georgian Banking Market’s Close Down

Fitch focuses attention on dominance of the two large institutions, TBC Bank and Bank of Georgia, after the acquisition of Societe Genreale by TBC Bank at 300 million. In her interview with The FINANCIAL, Olga Ignatieva, Senior Director at Fitch Ratings CIS Ltd notes, that TBC Bank and Bank of Georgia, …

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Textile Producer GeomMTex Plans to Increase Product Assortment

Textile Producer GeomMTex Plans to Increase Product Assortment

Company GeomMTex plans to increase and expand product assortment – representatives of the company has talked with Dimitri Kumsishvili. The company is beneficiary of “Produce in Georgia”, produced products are totally exported. The company successfully cooperates with leading European companies, including Monkler. Now, GeomMTex employees 320  persons. In addition, any …

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Georgia to Arrange Tourism Infrastructure at Enguri HPP

Tourism infrastructure will be organized at the Enguri hydro power plant (HPP). According to the 20:30 information, the project will be implemented through cooperation between the Culture Heritage Protection National Agency and various departments. The construction works will start in 2017 and end in three years. The project calls for …

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UNWTO: Wine Tourism – a Growing Tourism Segment

wine-tourism

The link between wine tourism and culture, history and lifestyle and the contribution of this segment to the development of the sector has been widely discussed during the 1st UNWTO Global Conference on Wine Tourism held in the Kakheti region in Georgia. During two days (7-9 September) the event convened …

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Georgia Finishes Construction Works of First Wind Power Station

gori-wind-power-station

Construction works of Georgia’s first wind power station have ended. A total of 6 wind turbines with 3.45 megawatt installed generation power has been already installed. In October-November the power station will be tested under international standards to examine the turbines capability for power generation. The world’s leading supplier company …

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The World’s First Beer Pipeline is Now Open

Cheers! The World's First Beer Pipeline is Now Open

A beer pipeline. It sounds like an ale lover’s wildest dream. It’s no longer a fantasy in the Belgian city of Bruges, where the world’s first beer pipeline opened last week. The two-mile pipe connects the Halve Maan brewery in the city’s historic center with a bottling plant in the suburbs. It’s …

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Winegrowers Earn 37 million GEL by Grape Sales

Kakheti Grape

The vintage process continues in all municipalities of the Kakheti Region. As of 12 o’clock of September 19, more than 43.6 thousand tons of grapes were processed in the Kakheti Region, including 21 000 tons of Rkatsiteli, 20 000 tons of Saperavi, 1.8 thousand tons of Kakhetian Green, the Ministry …

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Georgian Cargo Airline Obtains EASA Authorization

Another Georgian airline has obtained a permit of the European Aviation Safety Agency (EASA). Georgian cargo airline TCA has obtained an air safety joint permit as part of the non-EU member countries airline authorization process  (EU safety authorization for foreign air operators – PART-TCO) from EASA. The permit authorizes the …

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International Hospitality Awards® 2016

International Hospitality Awards® 2016

On December 5, 2016 the first International Hospitality Awards® will be held in Ukraine. The event will bring together participants from 8 countries and honor the best hotels in 25 nominations. The Awards will be held by HOTELIERO Club that used to organize Ukrainian Hospitality Awards® since 2011. After 5 …

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Georgian Handmade Crafts Are Sold Abroad

Inca handmade

Inca refers to the name of startup created by young Georgian businesswomen Gvantsa Kordzakhia. The main products of Inca are handmade crafts, one of which are called Dream Catcher, which has become very popular in Georgia in recent period. In some Native American cultures, a dreamcatcher is a handmade object …

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TAP: Over 17km line Pipes Strung & 5km Welded Along the Pipeline Route

TAP: Over 17km line Pipes Strung & 5km Welded Along the Pipeline Route

The Trans Adriatic Pipeline has said over 17km line of pipes were strung and 5km welded along the pipeline route, Azertac reported. Connecting with the Trans Anatolian Pipeline (TANAP) at the Greek-Turkish border, TAP will cross Northern Greece, Albania and the Adriatic Sea before coming ashore in Southern Italy to …

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