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Daily Archives: December 5, 2016

Silknet Introduces 3 Useful Packages for their Activation before New Year

Silknet subscribers show growing interest in the services that simplify an everyday life or assist in resolving problems without leaving home. Offer N1 Subscribers registered on Mysilknet.com internet portal are able to manage silknet services for 24 hours – cover monthly fees on own and others’ accounts without visiting bank …

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Mushroom Factory “Nichbura” to Open in the Village of Saskhoro

In Nichbisi Administration village, Saskharo, the mushroom factory “Nichbura” was opened. The factory was established in 2016 and it mainly produces wood mushroom.  Oxfam Corporation Consortium member NGO was created with the support of “The Community Development Agency in the Village” and in the frame of EU neighboring countries (ENPARD) …

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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: CBAR reserves up 0.1% m/m to US$ 4.0bn Central Bank’s reserves were up marginally (+0.1% m/m) in November 2016, following two months of minor declines. In annual terms, reserves are down 35.8%. Oil exports down 13.1% …

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ALLIANCE GROUP Received SPECIAL EEA AWARD from Organizers

The leading Georgian construction developer Alliance Group once again received international acknowledgement. Organizers of the EEA Real Estate Awards, heralded as the market benchmark for real estate success in Eastern Europe and Asia, presented the company with a special award. The event was held in Kyev on November 23-24. Alliance …

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Wine of 104 Million has Been Brought on the Export Market

Wine of 104 Million has Been Brought on the Export Market

Wine export is increased by 40% y-o-y. 45 828 091 bottles (0,75 l) of wine has been exported in 53 countries through January-November. Total number amounts to $104 million. The growth is fixed in China 128% (4 886 145 bottles), Ukraine – 73% (5 179 454), Belorussia  – 62% (1 …

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The World Bank Announces on Continuation of Georgia’s Support

The World Bank Announces on Continuation of Georgia’s Support

Dimitri Kumsishvili has introduced the Vice-President of World Bank 4-point plan of the government and basic direction of 2017 budget. Minister of Finance and Cyril Muller have discussed cooperation priorities of Georgia and the World Bank at the meeting. Dimitri Kumsishvili noted, that 2017 state budget totally serves to the …

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Insurance Usually Used by Only Corporation Sector in Georgia

“The population unfortunately does not buy insurance and usually, only corporation sector is is insured”-declared the head of Insurance Association, Devi Khechinashvili. He claims that the health insurance is usually sold to state organizations. “I don’t understand the reason why we could not suit an Estonian model with our 6 …

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Xi’an Financial Holding Considers Engagement in Business Projects in Georgia

Xi'an Financial Holding Considers Engagement in Business Projects in Georgia

Xi’an Financial Holding considers engagement in business projects in Georgia. A memorandum is signed between Chinese Holding and Partnership Fund.  Xi’an Financial Holding is ready to consider investment projects in the following sectors: agriculture, production, tourism, logistics and energy. Chinese Holding expresses interests to establish international internet platform jointly with …

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Gudauri and Goderdzi Resorts to be Opened on December 10

Gudauri and Goderdzi Resorts to be Opened on December 10

The heavy snow in Georgia gave opportunity of opening mountain resorts. The season will be opened on December 10 in Gudauri and Goderdzi Resorts for the first time through the last 25 years. According to Managing Company of Mountain Resorts, tracks are being prepared in the resorts by now. Changes …

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