Home / 2017 / February / 14

Daily Archives: February 14, 2017

Projecting of Access Road to Anaklia Port Begins

Projecting of Access Road to Anaklia Port Begins

The Road Department starts to work on construction of an access road to Anaklia Port. According to the Department, the road is part of Samtredia-Zugdidi bypass road. Company Cokes will make pre-feasibility study of 90 km road section. Preparation term of the documents is determined by 9 months and the …

Read More »

AYFB: It is Inadmissible to Discuss Law on Tobacco in this Form

13412956_1105707559504011_8140423392252159871_n

Association of Young Financiers and Businessmen (AYFB) expresses embarrassment  over the fact Parliament of Georgia plans to adopt Law on Tobacco in the existing form, without revision. AYFB analyst Paata Bairakhtari noted that it is inadmissible to adopt the bill in the existing form. «Seemingly, the Authorities cannot realize threats …

Read More »

Khazaradze: Doing Business Secretly With Depositors’ Money is Not Right

Khazaradze: Doing Business Secretly With Depositors’ Money is Not Right

Doing business secretly with depositors’ money is not right; – founder of TBC Group declared on the risks caused by participation of banks in the non-core businesses, including interest conflicts with the clients. Mr. Mamuka  Khazaradze says that historically, non-core assets have been always separated from the balance of TBC …

Read More »

Kazakhstan Millionaire Alexander Belovich Wants to Build a Hotel in Georgia

Kazakhstan Millionaire Alexander Belovich Wants to Build a Hotel in Georgia

Kazakh developer, founder of corporation Basis, who has been named by Forbes Kazakhstan among the 50 most influential persons, Alexander Belovich is interested in investing throughout Georgia. Kazakh Ambassador to Georgia Ermuhamet Yertysbayev told Sputnik-Georgia. The Ambassador noted that the Kazakh businessmen are interested in building hotels in Georgia, as …

Read More »

Magti and Geocelll against Beeline under Cartel Collusion Scheme

563f52f4ff429c4bcb8b456a

State Procurement Agency had announced a consolidated tender for January 26-30. The tender winner company was to provide cellular communication services for state structures in 2017-2018.  This tender could pass without discussions, if not one  important detail. Only Beeline company had submitted an application for the mentioned tender, while Magti …

Read More »

Export of Ferroalloys Increased 6 Times in January

Export of Ferroalloys Increased 6 Times in January

Steel market has a positive mood after difficult 2016, which has been reflected on the export of ferroalloys from Georgia. According to the express data of Ministry of Economy, export of ferroalloys has made up 23.7 million USD, which is 6 times more comparing to January, 2016. It had brought …

Read More »

Economy Ministry Predicts Export Growth

Economy Ministry Predicts Export Growth

Ministry of Economy predicts export growth based on the express data of Foreign Trade in January and regards, that export growth will significantly reduce negative impact and promotes economic growth. According to the ministry, the country received 55 million USD more comparing to the previous year. At that, agricultural products …

Read More »

American Hospital Under Construction in Georgia

American-Hospital-Under-Construction-in-Georgia

Construction of American Hospital, announced several years ago will start this year. It is already specified that Inova Healthcare System will be operator of the hospital, which is the integrated hospital chain and serves to the major part of Washington. 42 million USD will be spent on construction of the …

Read More »

Smoked Sulguni on the US Market

16266181_712969002202863_7628998730930944027_n

Smoked Sulguni is sold on the US market. According to Tzesar Kakhadze, the founder of milk producer company, ”Tsezari” declared that in the last year, 10 tons of Sulguni was sent to America. The product is sold in New York Shops and it costs 15 USD . Soon, Sulguni will …

Read More »