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Daily Archives: January 12, 2017

Georgian Wool Enters EU Market

Based on decision of National Food Agency, Georgian wool has entered EU market. The information was released by National Food Agency. Before, the Agency had carried out due measures for adjusting Georgian legislation with EU standards. As a result, EU has positively appraised Georgia’s state control system and included the …

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Tbilisi to Host CATZ’N DOGZ Music Project on 20th of January

On 20th of January, GEM Fest will present a Polish music project CATZ ‘N DOGZ. There will be Georgian artists too, like Vako K and Gio Shengelia, playing on the piano. The event will take place in Elektrowerk.  GEM Fest will take place from 14th of July, 2017 till 14th of August and there …

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Healthcare Group Buys Batumi Psychiatric Hospital for 2.5 million GEL

Healthcare Group has bought Batumi Psychiatric Hospital, Ajara Government press service reports. Term electronic auction finished on January 11. A total of 762 bids were made during the auction. The new owner paid 2.5 million GEL for 100% stake of the hospital. Ministry of Finance and Economy put out the …

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Georgia Wants to Attract Japan Investments

Georgia Wants to Attract Japan Investments

Georgia wants to attract Japan investments. Georgian Economy Minister George Gakharia and Minister of Land, Infrastructure, Transport and Tourism of Japan discussed trade-economic and investment opportunities between two countries. Presentation has been made for Japan side on general economic condition, investment and infrastructural projects in Georgia. At that, they have …

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JICA to Finance Renewable Energies Projects in Georgia

Japan International Cooperation Agency (JICA) will finance big projects in Georgia. The Ministry of Economy, Giorgi Gakharia hosted Riosei Tanaka, the minister of Land, Infrastructure, Tourism and Transport. The ministers talked about trade relations between countries and discussed the future perspectives of collaboration. It has to be noted that JICA …

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Gvasalia: Version on Insufficient Liquidity of Banks is not Correct

Gvasalia: Version on Insufficient Liquidity of Banks is not Correct

“Larization program will reduce pressure on the national currency and rise foreign exchange risks to the borrowers”, – President of Banking Association declared on the double benefit of the governmental campaign. Zurab Gvasalia focuses attention on functionality of the program, accessibility of refinancing loans at the expense of expanded collateral …

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Construction Materials Plant to Open in Mtskheta

A construction materials plant will launch operation in Mtskheta. The enterprise will make focus on manufacturing such construction materials as brick, tiles and building block. The enterprise will open in the village of Agdgomliantkari by Samsheneblo Keramika company as part of Produce in Georgia state program. Investments of 1.3 million …

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Cosmetic Products Made by “Lugela” Water in Samegrelo

Production of Cosmetic products made by Mineral medical water “Lugela” will start soon. In the factory, they will produce face cream first, however in the future, they are planning to produce tear drops, anti-pyrotic cream, spray and after shave creams. The regional representative of company Anaklia Group, Irakli Tsifuria declared …

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