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Monthly Archives: November 2016

The Shortest Road to Connect Georgia and Armenia has been Completed

The Ministry of Regional development and Infrastructure roads department  completed the construction of the highly important main road Guguti which leads the way from Ponichala to Marneuli.  The road is the shortest way to connect Lower Kartli Region and the Republic of Armenia with Tbilisi. The rehabilitation of 15 kilometers …

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GNIA Presented Georgia’s Investment Opportunities to Danubius Hotels Group

Hungary based Danubius Hotels Group, invited by Georgian National Investment Agency (GNIA), paid a visit to Georgia. In the frame of their first introductory visit to the country, the guests were informed about the investment opportunities in Georgia’s famous resorts: Sulori, Amaghleba, Tskaltubo and Akhtala. Danubius Hotels Group, engaged in …

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“Kareli Dried Fruit” to Produce Watermelon Dried Fruit

The company “Kareli Dried Fruit” starts producing Watermelon Dried Fruit. The founder of the company, Giorgi Kvirikadze talked about the changes. According to his information, new kind of dried fruit will appear on the market in 10 days. he company will offer the new products to the customers during New …

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Private Sector Will Fund San Diego State University Georgia Scholarships

ronny-solberg-san-diego

San Diego State University (SDSU) Georgia presented its Public-Private Partnership Fund (PPF) at the Tbilisi Marriot last Wednesday. The primary goal of the PPF is to use public-private partnership to finance the higher educations of gifted and successful Georgian students in the science and technology fields and to fund innovative …

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Success of Project Depends on PR Company’s Expertise

lela-tsikhiseli

Caucasus Business week offers you an interview with Comshi PR Agency Director Lela Tsikhiseli.  Who are you by profession? I am a  marketing and PR specialist, but my primary profession in philology. I am a specialist of Georgian language and literature. Your first job place. I have been working in …

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Azerbaijan considers buying shares of Georgia’s GOGC

Azerbaijan’s state oil company SOCAR is ready to consider obtaining shares of the Georgian Oil and Gas Corporation (GOGC), if the share for sale is officially announced, a source in SOCAR told Trend Nov. 28. The newly appointed Georgian Prime Minister Giorgi Kvirikashvili said earlier at a meeting of the …

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Wine Company “Badagoni” to Represent New Trade Mark

Wine Company “Badagoni” to Represent New Trade Mark

“Badagoni” celebrates the 10th anniversary with a new wine brand. The wine company has submitted new trade mark – GAU5 and signed a contract on export of 5 million bottles wine on Chinese market. “I am sure, that GA5 will be successful on Chinese market as well. This is the …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: Oil extractiondown at the Azeri-Chirag-Gunashli oil field in 3Q16 In 3Q16, oil production was down 2.5% y/y to 622,359 barrels per day at the Azeri-Chirag-Gunashli (ACG) oil field, operated by the BP-led consortium, as operations at …

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Shares of Georgian Companies are Increased in Price in London

Shares of Georgian Companies are Increased in Price in London

Shares of Georgian companies showed growing trend on London Stock Exchange in the previous year. Their market capitalization remains above 2,3 billion GBP. As of weekly statistics, quoting of Georgian companies’ shares are grown. BGEO Group (BGEO LN) shares closed at GBP 30.50/share (+7.96% w/w and -0.10% m/m). More than …

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How to Increase Internet Speed without Changing Service Package

It is much comfort when subscribers are able to receive increased Internet speed for minimal costs. Boost Package ensures doubled speed for 18 months for minimum package subscribers. By paying additional 4 GEL a month, subscribers of other packages will receive 10mb/sc faster speed. If it is possible to supply …

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What is the Situation on the Currency Market?

What is the Situation on the Currency Market?

GEL exchange rate keeps falling trend against USD on the currency market. Morning trade started at $1 / 2.4962 GEL index in the Bloomberg- trading system, Georgian national currency has been devaluated soon and the offer fell down at $1/2.5165 by12:20 p.m. (Tbilisi time). GEL exchange rate has been decreased …

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