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Daily Archives: November 21, 2016

How the Quote of Georgian Companies’ Shares has Changed in London

How the Quote of Georgian Companies’ Shares has Changed in London

Base capitalization of Georgian companies listed (premium) in London exceeds 2 bln GPB. As of weekly statistics, quotes of Georgian banks were reduced, while healthcare group’s increased. BGEO Group (BGEO LN) shares closed at GBP 28.25/share (-1.50% w/w and -6.83% m/m). More than 420k shares traded in the range of GBP …

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Georgia Signs Four-Year Agreement to Develop Agricultural Sector

Photo/Food and Agriculture Organization of the United Nations

On November 16, Levan Davitashvili, the Georgian Minister of Agriculture, and Raimund Jehle, the FAO Representative in Georgia, signed a four-year agreement to develop Georgia’s agricultural sector. The agreement is called the “FAO Country Programming Framework for Georgia 2016-2020”.  The agreement prioritizes the amelioration of Georgia’s agricultural sector, food safety, …

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Armenian Economy in Crisis Needs Rapid Change, New Premier Warns

Armenian Economy in Crisis Needs Rapid Change, New Premier Warns

Armenia’s new prime minister has what he believes is a vote-winning message before parliamentary elections in May: The economy’s in terrible shape and he’s the man to fix it. The impoverished ex-Soviet republic needs “profound change,’’ Karen Karapetyan, who took office in September, said in an interview in the capital, …

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USA, World and Georgia Waiting for Trump’s Decisions

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In pre-election period nobody expected Donald Trump would carry the presidential elections. Even in December 2015 the Bloomberg appraised probability of Trump’s victory as Black Swan (negative event that is hard to forecast). All these evaluations and expectations remain in the past now. Donald Trump has become the US President. …

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A 30-Million Project Halted in Batumi

A 30- Million Project Halted in Batumi

A 30-million multifunctional project has been suspended in Batumi. The project is carried out by the Georgian New Construction Company (NCC); according to plan, multi-functional buildings were to be built on the boulevard instead of old featureless houses, including, a 100-room hotel, a restaurant, cafe-bars, a swimming pool, bowling club, …

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Georgia Made Paint “Kakadu” to Occupy 20% of the Market

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Paint “Kakadu” which is made in Georgia plans to occupy 20% of the market. “WAMGROUP” company received a non-agricultural land  and building in Kaspi, in the frame of the program “Produce in Georgia”. Company has already invested 125 000 GEL in it. The founder of “Kakadu”, Mirian Gvelesiani declares that …

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In January-October Exports Slip 16% with EU, Drops 19% with CIS

European Union flag made of colorful splashes

In January-October 2016 Georgia’s foreign trade turnover (excluding non-declared trade) made up 9956 million USD, up 22% year on year; According to Geostat, National Statistics Service of Georgia, exports marked 1701 million USD, down 7% year on year, and imports constituted 8256 million USD, up 31% year on year. It …

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Natalia Zueva: Discipline and Hard Work Are the Secrets to Success

Natalya Zueva

Caucasus Business week interviewed Natalia Zueva, founder and director of PR Office GE PR and Events Agency, where she talked about her profession, first job and shared her experience in Public Relations field. Who are you, by profession? I am a journalist by profession and I hold an MA degree …

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Chirchkhela: Startup That Produces Dried Fruit and Vegetable

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A new Georgian startup Chirchkhela appeared on market.  Georgian dry fruit production became a source of inspiration for a young and successful Guram Salukvadze. This is a family business without no financial interference. The founder, Guram Salukvadze talks about his startup. What are the first development steps of your delicious …

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