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Daily Archives: January 13, 2017

Georgian Highlanders Learn How to Make Development Work

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Travelling to Georgia’s countryside tends to leave you with a controversial feeling. Stunning views frame sad little towns where people struggle with rural poverty. The beauty of highlands, a touristic paradise, only emphasizes the growing depopulation of the villages. The recent research, initiated by UNDP and the governments of Switzerland …

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Financial Documentation to Delay Hyatt Regency Hotel Construction

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The construction of hotel Hyatt Regency is delayed because there is a financial documentation issue between negotiators. It has been revealed few times that they would start construction but it has not happened so far. According to Mindia Gadaevi, the head of “Rustaveli Property”, there are 4 negotiator sides involved …

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Perspectives of Georgian Wine Export to Belarus

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 The head of National Wine Agency, Giorgi Samanishvili met an ambassador of Republic of Belarus, Mikhail Miatlikov. The chairman of National Intellectual Property Center Sakpatenti, Nikoloz Gogiladze and representatives of ministry of Agriculture attended the meeting. The participants of the meetings discussed the perspectives of increasing export of Georgian wine …

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IRAO Opened a New Service Center in Batumi

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Insurance Company IRAO opened a new service center in Batumi. The mayor of Batumi, Giorgi Ermakovi and company representatives attended the opening ceremony. The brand company of IRAO has been functioning in Batumi since 2010. At this stage, the company decided to broaden representation in Ajara. The insurance company IRAO …

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The Drinks Business: Georgian Wine Exports to China Spike in 2016

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Georgian wine exports to China grew by 98% to 5.3 million bottles in 2016, the highest growth rate recorded by any country importing wine into the country, according to figures released by the Georgian Wine Association. Currently ranked as the eastern European country’s third biggest export market, China could soon …

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Full Steam Ahead for Renewables in Georgia

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TBC Bank, the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are joining forces to support the expansion of renewable sources of energy in Georgia. The institutions are providing a financial package of US$ 14.3 million (equivalent to approximately €13.5 million) to Rustavi Group LLC for …

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EBRD Continues to Deliver Strong Support in 2016

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The European Bank for Reconstruction and Development (EBRD) continued to deliver strong support for its regions in 2016 with a powerful programme of investments that helped modernise economies and make them more robust and resilient. In another economically challenging year, the EBRD stepped up its investments in key strategic areas …

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Sugar Producer Factory to Launch in Bolnisi

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Investors have a big interest to open a factory in Bolnisi. They want to build sugar producing factory. The works have been stopped because of license issues but foreign investors are planning to go back there this month.  There is 30 million USD investment planned for this project and it …

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SES and GEE Sign Breakthrough Connectivity Deal to Drive Mobility

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Leading content and connectivity provider acquires satellite communications payload to accelerate next-generation connectivity on the move. GEE will rebrand the acquired satellite communications payload as Eagle 1. SES will operate the non-station-kept satellite and will support GEE’s strategic plan to optimize the quality of experience for its mobility customers on air land …

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Economic Changes Government Implements Suit EU Standards

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Economic changes which government implements suit EU treaty standards- declared the ambassador Janos Hermann.  Ambassador noted that the government had cooperation with EU concerning economic changes. “This is not an issue I can discuss. I can tell you that we had a very good collaboration in terms of information exchange. …

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