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Daily Archives: December 19, 2016

Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: 2017 budget approved by the Parliament Azerbaijan Parliament approved the 2017 budget last week. Consolidated budget revenues are set at AZN 20.0bn (+1.5% compared to the original draft budget document), while expenditures are set at AZN …

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Gakharia: Our Economy has Some Structural Problems

Gakharia: our Economy has Some Structural Problems

Minister of Economy explains main reasons of GEL depreciation afresh and does not agree with the critics that the government blames merely the external factors. George Gakharia noted with TV-company Imedi, that the economy has some structural problems and focused attention on their solving activities. “We understand very well the …

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Amazon May Organize Distribution Hub in Georgia


On December 13-15 Giorgi Tsikolia, temporary envoy of Georgia to the USA, and Levan Beridze, advisor of Georgian Embassy, paid a working visit to the city of Seattle, State of Washington, and held bilateral meetings with private sector representatives, discussed Georgia-USA business perspectives. During the visit, Georgian officials also met …

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Annual Profits of Pharmaceutical Companies Hit GEL 190 million


Transparency International Detects Weak Oligopoly on Pharmaceutical Market. Amalgamation of Pharmadepot and GPC grows risks of competition restriction and misuse of market dominant positions. Thus, pharmaceutical market may be characterized as a weak oligopoly, but according to recent information, ABC Pharmacy that holds a dominant position (second place after PSP) …

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Georgian Ski Federation to Hold News Conference


On December 20, 2016, at 14 o’clock, Georgian Ski Federation will hold a news conference at Radisson hotel. The news conference is dedicated to the 2016-2017 ski cup tournament and preparations for 2017 St. Moritz Ski World Championship. Georgian Ski Federation plans to hold 2016-2017 ski cup tournaments in five …

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How Much Does New Year Cost in Georgia?

Photo/Paata Vardanashvili

Georgia-based premium-class hotels have already introduce New Year packages to consumers. New Year nights, traditionally, differ from ordinary days. Prices and services are diverse and tariffs start from 250-260 USD on average. The Caucasus Business Week (CBW) has explored how much visitors have to spend at premium-class restaurants at the …

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Gifts you Need the Most for Christmas from Arakishvili Residence

Arakishvili Residence

Buy an Apartment and We will Accomplish It with Premium Class Equipment, besides You will Enjoy New Year Discount Schemes. Arakishvili Residence complex offers gifts and discount schemes for the coming New Year. Customers, who will buy an apartment in the complex, will receive a full set of premium-class German …

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LISI Development Recognized as Best Residential Complex in Georgia


LISI Development company has obtained two awards at International Property Awards in 2016. The company has gained victory in the following nominations:  Highly commended – 1) Mixed use Development Georgia and 2) Highly commended – Residential Development Georgia Lisi Tower. International Property Awards was founded 20 years ago and it …

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