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Daily Archives: February 23, 2017

EU4Business-EBRD Credit Line to Support free trade with the EU in Georgia

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The EU4Business-EBRD credit line has provided several workshops for Georgian entrepreneurs, including nut farmers, wine exporters and meat processors, to explain how to use financing from the EBRD and EU for purchasing relevant equipment, modernising production and improving their services. “The grant component provided by the EU under the credit …

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Southern Gas Corridor Important for Europe’s Energy Security

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The Southern Gas Corridor project has strategic importance for the energy security of Europe, said Maros Sefcovic, European Commission vice-president for Energy Union, Feb. 23. He was addressing the Southern Gas Corridor (SGC) Advisory Council Third Ministerial Meeting in Baku. Sefcovic said the progress in the Southern Gas Corridor’s construction …

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Fuel Price Not Expected to Fall Below 2 GEL

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Company SOCAR is not expecting fuel price to fall below 2 GEL. According to the general director of SOCAR Petroleum Georgia, Levan Giorgadze, they had to increase the price with 20 tetri only because of excise component growth. Giorgadze said that considering Gel exchange rate and international market trend, decreasing …

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Investors Want to Build Wind Power Plants in Zestaponi

Investors Want to Build Wind Power Plants in Zestaponi

Who will build wind power plant in Zestaponi, should be named on February 27. According to Energy Development Fund, three investors expressed desire to build the power plant. Their tender proposals are being discussed. A contract will be signed with the winner on March 6. Feasibility studies are already carried …

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We will Make Focus on New Energy Sources in 2017

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BGEO Group plans to make focus on wind power generation in Georgia. BGEO Group director general Irakli Gilauri told BusinessContract. BGEO will make accents on energy projects, including the group is interested in wind power potential and feasibility studies will be carried out to this end. “This year we will …

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GIG Plans to Build a Semi-Coke Plant with Polish Partners

GIG Plans to Build a Semi-Coke Plant with Polish Partners

“Georgian Industrial Group” works on an innovative project. Construction of semi-coke plant is planned in Tkibuli jointly with Polish partners; the local coal will be used as the raw material. It should be noted, that manufacturing of coke will be made by a new process, which is found by the …

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Business Café Meets up For the 8th Time

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On February 22nd 8th meeting of Business Café took place at Holiday Inn Tbilisi. The get together was moderated by the businessman and entrepreneur – Guga Tsanava. The topic of the meeting was “Stanford Model of Management”. Business Café is a project initiated by consulting company “Insource”. Throughout 2015 and …

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