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Daily Archives: February 10, 2017

Investor of Namakhvani HPP Cascade to Spend 733 mln in Georgia

Investor of Namakhvani HPP Cascade to Spend 733 mln in Georgia

The investor of Namakhvani HPP cascade requested a guaranteed tariff for only eight months (September through April) for the first 10 years. The Norwegian company, Clean Energy Group, was granted the right to build due to this term. According to G&T, experience and financial performance were the prequalification criteria, while …

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Gepherrini to Start Producing Shoes in March

Georgian purses and wallets producer brand Gepherrini will start producing shoes in March. The head of the company, Ilia Geperidze told Business contract that the company needs to move to bigger space to start new production and there are negotiations with investors about that. Geperidze says that he needs about …

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Ftoros has Joined the Ranks of Georgia Gaming Congress

All most popular and newest products from the famous gambling software developer will be available in the demo zone of Georgia Gaming Congress. Ftoros has established itself in the international market as a reliable provider of advanced, high-quality and safe games and platforms for landbased and online casinos. Company’s portfolio …

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Bitcoin Erases Geographical Boundaries: Head of Bitcoin Embassy Georgia Tells About Cryptocurrencies in Gambling

Bitcoin erases geographical boundaries, becoming more and more popular in online gambling. However, the absence of legislative digital currency definitions doesn’t influence user wallets security. We have discussed these aspects with Alex Sudadze, founder of Bitcoin Embassy Georgia and speaker of Georgia Gaming Congress.   GGC: Alex, what online gambling tasks …

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Georgian Made Sutureless Pipes Exported to EU Countries

Rustavi Metallurgical Factory exported its own brand of sutureless pipes to EU market for the first time in history. The countries where pipes will be exported are: Italy, Germany, Poland, Bulgaria and Hungary. The first order volume amounts to 2000 tones. According to the ministry of Economy, at this stage, …

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S7 Airlines to Operate Flights From Novosibirsk to Tbilisi

Russian S7 Airlines will start operating flights from Novosibirsk to Tbilisi from 29th of April. Flights will be operated every Saturday. It will leave at 8.50 from Novosibirsk and land in Tbilisi at 10.45. According to Russian Media, the flights between Novosibirsk and Tbilisi don’t operate for 20 years already.

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Levan Surguladze Awaits Revision of Depositors’ Money from the National Bank

Levan Surguladze Awaits Revision of Depositors’ Money from the National Bank

The member of Financial Supervisory Council of 2008-2009 estimates the 2nd wave of separation of non-core assets and regulatory risks of banking holding companies. Levan Surguladze believes that monetary policy and financial supervisor must be separated; as it does not regulate number of sectors, neither banking nor microfinance and there …

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Hand-Made Chocolate On the Georgian Market

A new, hand-made chocolate appeared on Georgian market. The idea of chocolate business belongs to 3 friends Nino Totladze, Irma Mesabishvili and Tamar Kakushadze and they came up with an idea during their trip few years ago. They started the business in 2016 and appeared on the market this year. …

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Kollektiv- The Way from International Relations to Branding Company

Buba Radiani is a graphic designer and few years ago, he refused to continue studying International Relations and chose to study branding field. After Tbilisi Art Academy, he continued his studies in London and gained a lot of work experience. He founded his own company Kollektiv with his friends and the company …

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