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Daily Archives: November 3, 2016

Microsoft Fined Seven Georgian Companies With $100 000

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From November 2015 to 2016, court has closed seven out of ten violation of rights in terms of Microsoft’s intellectual property, cost of damages totaled 239 000 US dollars. According to the director of Microsoft Georgia Nikoloz Doborjigindze, seven companies were fined with 100 000 us dollars, as a result …

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New Electronic Monitoring System to be Introduced into Georgia

Georgia’s electricity markets attempt to integrate with European markets as new legislations are introduced and implemented. As Georgia moves up the development line, it modifies its markets to abide by the laws of the European Union. In June 2016, the Georgian government introduced a new law concerning energy and water …

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€30 Million EU-Fund for Georgia’s Public Administration

Photo/Deutsche Welle

On October 28, Georgia organized a Public Administration modernization program with a € 30 million funding from the EU. Giorgi Kvirikashvili, Georgian Prime Minister, and Janos Herman, Ambassador of the European Union, claimed the newly initiated program will fixate on improving the policy-making and accountability of Georgia’s public sector. The …

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Turkish Furniture Brand DOGTAS to Enter Georgia

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DOGTAS, the world’s famous Turkish furniture brand, plans to enter Georgian market. The company will unveil the first brand store on Aghmashenebeli Alley, commersant radio reports. The company representative told the Commersant radio station that the Turkish brand was invited through franchising component. The first store will be located on …

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Pizza Business Grows in Georgia

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Sales of network pizzerias operating in Georgia are constantly growing, and it is possible that in a few years this business will reach a level similar to those of  Europe and the United States level. According to director of the pizzerias network “Dominos” Mariam Patsatsia, in 2016 sales rose in comparison with …

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Women Do Not Risk to Start a Business in Georgia

Ani Kvaratskhelia

Commersant had an interview with the head of the Business Development Agency Ani Kvaratskhelia, as she talked about most vital issues happening in Georgia’s business sector. What does  your Agency do ?  Business Support Agency was established at  the Ministry of Economy in 2014 and focuses on business support, the …

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Georgia’s First Agro-hub Opens in December

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Georgia’s first “Agro-hub” market will open in the near future.”Agro-hub” General Director, Giorgi Jashiashvili, says that $15 million was invested in the project. According to him, “Agro-hub” will officially open in December, Commersant reports. Jashiashvili notes his coperation will sell fresh, organic and healthy agricultural products at agro-hub. The company …

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ChirChkhela to Release its Production in Two Weeks

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Founded  a week ago the company “ChirChkhela” will release the Georgian dried fruit and vegetable in two weeks. Company founder Guri Salukvadze says in his interview with  Commersant that the company has already released the first test products which will be  gradually sold on the local market. He notes  that …

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Rioni River Threatening West Georgia is Finally Tamed

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Rioni River Destroyed houses, ravaging waters, demolished roads, fearful people, flooded farmlands and frustrated farmers are the dangers of the Rioni river of West Georgia. The Rioni river serves as the main river of West Georgia and transforms nearby cities into areas vulnerable to frequent natural disasters. Unfortunately, these surrounding areas …

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Monetary Fund 6% Budget deficit predictions is too Conservative

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The deputy minister of Economy, Nikoloz Gagua declared that the government does not even consider the 6% deficit. “According to Monetary Fund predictions, rate of the economic growth will exceed 5% rate, which is quite high index. We think that when it comes to planning the budget, we will have more …

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