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Monthly Archives: January 2017

Nuts and Laurel Factory to Open in Chkhorotsku

Nuts and Laurel factory will be opened in Chkhorotsku Municipality. The factory will be opened in the frame of State Program “Produce in Georgia”. There will be 130 000 investment implemented for the factory. Premier Minister noted that opening more new factories is very important for the state because it …

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The World Bank Improved Growth Forecast of Georgian Economy

The World Bank Improved Growth Forecast of Georgian Economy

The World Bank expects acceleration of economic growth in Georgia up to 5, 2%. According to the new report Global Economic Prospects, forecast is improved for Georgia by 0.7 percentage point comparing to the previous assessment. GDP growth is predicted at 5, 3 percentage point in 2018 and 5 percentage …

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Violations Discovered by Revenue Service

According to the agreement signed between Revenue Service and SICPA Security Solutions SA, the price of labeling non-alcoholic drinks will be covered by the state until 1th of January, 2018. Presumably, the government made this decision after the supervision of non-alcoholic drinks on the market in 2016, by the order …

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Georgia Continues Negotiations on Opening Amazon Logistics Center

Georgian officials have met with representatives of Amazon company and discussed the logistics center construction issues. After the first meeting, Amazon representatives suggested Georgian party to keep communication with managers of specific directions, Giorgi Tsikolia, temporary envoy of Georgian affairs in the USA, noted. “We held communication concerning the logistics …

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The Curves of the Georgian Alphabet Seduce UNESCO

After evolving in parallel for centuries, thanks to UNESCO, the three Georgian alphabets became intangible cultural heritage of humanity. A living and charming heritage, but one to be protected. The curves of the Georgian alphabet embrace the traveller landing at Tbilisi airport in a welcome that is as soft as …

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EBRD and TBC to Invest 14.3 Million USD for Lukhumi HPP

EBRD and TBC will invest 14.3 Million USD to develop Renewable energy sources in Georgia.  “Rustavi Group” will receive 5.6 million USD from Euro Bank and 8.7 USD from TBC to build average size of Hydro Power Plant. According to EBRD, it makes the deal more stable with the European …

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Four Most Traded Georgian Commodities of New Year

New Year is a time of buying of gifts and giving them away, but this year it was especially diverse and one of the reasons for it was massive involvement in the game “Secret Santa”. A lot of gifts have been packed and sold in 2016 but there was a …

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Chinese Investors to Put 0.5 million USD in Aerodrome Rehabilitation

 Chinese investors plan to put about 0.5 million USD in rehabilitation of an aerodrome in village of Meria, Guria Region, Guria Governor Gia Salukvadze told Business Contract. Military aerodrome used to function in Soviet period on the mentioned period. Guria Region is located near Poti Seaport. Therefore, it is possible …

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New Terminal of Tbilisi Airport to be Opened in Autumn

New Terminal of Tbilisi Airport to be Opened in Autumn

New terminal of Tbilisi International Airport will be launched with full capacity by autumn of 2017, supposedly in September. Construction of 12 000 square m frame of the building is already finished and glazing Façade is being carried. The new terminal will merely serve to arrivals. However, the existed one …

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