Home / 2017 / February (page 19)

Monthly Archives: February 2017

Georgia Becomes First Country to Register Property on Blockchain

On Tuesday, in Tbilisi, the government of Georgia signed an agreement to use the Bitcoin Blockchain to verify property transactions. Last April, the Georgian government and Bitcoin company BitFury initiated a project to record land titles on the Blockchain. This is the first time a national government is using the …

Read More »

Georgia Ranks 4th in Exports of Ukrainian Dairy Products

Georgia’s ratio in exports of Ukrainian dairy products makes up 7% and ranks fourth in terms of exports of Ukrainian dairy products. According to Ukrainian media agencies, in 2016 Ukraine exported 109.3 thousand tons of dairy products to various markets, down 9% compared to 2015. Top 10 countries exporting Ukrainian …

Read More »

Fries of Georgian Production Appears on Georgian Market

Fries of Georgian Production Appears on Georgian Market

Fries of Georgian production has appeared on the market, Freco company founder Irakli Kurdadze told BusinessContract. Georgian consumers are able to buy Georgian fries at AgroHub hypermarket, as well as various food outlets in Tbilisi. There is much demand on the market. Consequently, the company tries to replace imported products. …

Read More »

Tbilisi City Hall Working on Taxi Service Licensing Issues

Tbilisi City Hall is working on taxi service licensing issues. The process implies introduction of certain regulations, especially in terms of vehicles safety, Tbilisi Vice Mayor Irakli Lekvinadze told Business Contract. “This working process continues on this issue that implies vehicles safety component and driver’s safety details. This may be …

Read More »

Gudauri Friendship Arch to Rehabilitate and Arrange Tourist Complex

In Kazbegi Municipality tender,concerning Gudauri Friendship Arch Rehabilitation, LLC “Saxon Manegement Services” has been revealed as the winner. Gudauri Friendship Arch is located on 5500 square meters territory and the document of its rehabilitation and planning has already been prepared. According to tender requirements, tourist complex will include: ● Arch …

Read More »

Georgia Can Attract Cargo of 6-8 mln t from Central Asia

“Transport Corridor Research Center” believes that Georgia has the potential to attract cargo from Central Asia. The organization analyzes the indicators of 2015, which reflects export/import data of the Central Asian countries and notes that the selected countries are located in the cargo carrying gravity of Georgian transport corridor. “For …

Read More »

WB, Botas to Sign loan Agreement on TANAP

The World Bank (WB) and Turkey’s Botas Petroleum Pipeline Corporation will sign a loan agreement for financing of the Trans Anatolian Natural Gas Pipeline (TANAP) project, the Turkish Ministry of Energy and Natural Resources said in a message on its website Feb. 8. The signing ceremony will take place today, …

Read More »

Education Ministry Saves 4-5 million GEL through Optimization of Expenditures

Ministry of Education of Georgia has saved about 4-5 million GEL under expenditures optimization program, the Minister told the Business Contract. In whole, 300-400 persons were dismissed at the education system, Jejelava said. “Optimization program has not touched only research institutions and schools. The Ministry budget was reduced by more …

Read More »

Public Registry to Introduce Smart Contracts in Everyday Activities

In 2017 Public Registry plans to launch the second stage of cooperation with BitFury Group for starting a test project based on real estate registration in blockchain system and introducing smart contracts. “This is top technology that reduces involvement of human resources in the decision-making process. The second stage of …

Read More »

Fresco Exploitation of Labour to Be Inspected

The Ministry of Labour, Health Care and Social Maintenance will inspect working conditions in the supermarket network Fresco. Fresco Employee spread information in social network about very bad working conditions in Fresco and “contemporary slavery”. The author wrote about exact examples of work exploitation and huge pressure on employees in …

Read More »

Major Deal Made on Nikora Trade Bonds

A major deal has been made on Nikora Trade bonds. About 200 bonds were sold through the so-called fixing instrument.  Price for each bond marked 1040.55 USD. Total value of the deal constituted 208 110 USD. This is the largest deal made ever on Nikora Trade bonds. Bonds coded as …

Read More »