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Daily Archives: February 20, 2017

EU Promotes Best Rural Development Practices in Georgia

UNDP

The European Union has finalised a series of study tours to the regions of Georgia for representatives of local governance, business and civil society. The study tour to Borjomi on 18-19 February 2017 followed the earlier tours to Lagodekhi and Kazbegi and aimed to share experience of the Local Action …

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The Urgent Need for Retail Planning Policy in Tbilisi

Tbilisi Mall

The retail sector in Tbilisi is entering a period of unprecedented dynamics. The long-awaited entry of H&M, the recently announced closure of Smart supermarkets and an increasing number of modern shopping centre projects are among the most significant events. On the demand-side, a recent survey by Colliers revealed a shift …

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Deals worth 2.3 million GEL Made on Teliani Valley Shares

A major deal was recorded on shares of Teliani Valley strong drinks manufacturing company. A total of 13 914 942 shares were sold by fixing. Price of each share marked 0.1720 GEL. Total value of the deal constituted 2\.39 million GEL. Teliani Valley has placed 369 4040 255 shares. Consequently, …

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David Koma Took Cues from the Chokha,“Warrior Dress”.

Georgian designer David Koma was in a combative mood, as he took cues from the chokha, a centuries-old “warrior dress,” worn by Georgian men. Deep V-lines, bare shoulders and sinuous silhouettes were at the forefront here. Koma embellished them with grosgrain ribbons, metal tubes and in lieu of real-life ammo, …

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Georgian Chacha Exported to Australia and South Africa

Georgian Chacha of Zearis company has appeared on Australian market. The company director Ramaz Krichinashvili told Business Contract that at the first stage 600 bottles were exported to Australia and sales proceed successfully. Georgian Chacha is sold at prestigious restaurants, hotels and bars of Australia. As to prices, under the …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: Azerbaijan economy up 0.8% y/y in 1M17 In 1M17 real GDP increased 0.8% y/y, compared to the 3.3% y/y contraction recorded in 1M16. Non-oil GDP was up 1.5% y/y, compared to the 3.7% y/y decline in …

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Azerbaijan Was the Main Electricity Importer in January

Azerbaijan Was the Main Electricity Importer in January

Georgia has acquired electricity of 172, 3 million kwh from Azerbaijan in January, which already exceeds total import of previous 12 months (109, 77 mln). However, import from Russia has made up 6, 7 million kwh. Georgia has exported electricity of 0, 997 kwh in the same month. The transit …

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Alternate Executive Director of IMF Visits Georgia

Alternate Executive Director of IMF Visits Georgia

Dimity Kumsishvili, Minister of Finance and the First Deputy Vice-Premier met Richard Doornbosch, Alternate Executive Director at International Monetary Fund (IMF), who visits Georgia for the first time on this position. The First Vice-Premier Dimity Kumsishvili focused attention on the economic indexes of Georgia, as well as implemented and ongoing fiscal and structural …

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