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Daily Archives: December 13, 2016

Georgian Manganese Launches Product Exports to China

For the first in history Georgian Manganese has launched product exports to China. Since the company resumed extraction works, active works are underway for penetrating new markets. In 2017 the company will enhance its representation on various markets, Aleksandre Meladze, head of the company legal department, said. “This year was …

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Cigarette Price Grows in Retail Sector

Cigarette Price Grows in Retail Sector

Cigarette prices have already increased in Tbilisi retail sector. Suppliers deliver cigarettes to stores with increased tariffs. Prices have surged by 10-30 Tetri on average. Tobacco importers noted that they had to increase tariffs because of GEL exchange rate and inflation factors. At the same time, starting January tobacco product …

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Bank of Georgia to Buy ProCredit Bank Portfolio

Bank of Georgia to Buy ProCredit Bank Portfolio

Bank of Georgia plans to buy ProCredit Bank’s portfolio of micro and small business loans. The parties have already reached agreement and payment will be fulfilled in cash. Through this deal Bank of Georgia plans to strengthen positions in segment of small and micro business. As a result of this …

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Bread Labeling Regulations Change

Bread Labeling Regulations Change

National Food Agency plans to tighten control over fulfilling bread safety and labeling regulations. Representatives of Ifqli company told the Business Contract that under new regulations, all ingredients of bread must be indicated on the  product label. Namely, if any supplements exceed 5%, the manufacturer must indicate its volume on …

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