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Monthly Archives: February 2017

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

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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Why To Invest In Agriculture: Agro Solutions

Georgia is traditionally an agricultural country, which has 22 micro-climates varying from cool to dry, warm to humid. These diversified micro-climates allow for a longer than normal harvesting season and a wide range of growing conditions. Soils are of volcanic origin located in the river valleys. They tend to be …

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Arab Investors Visiting Georgia

Arab Investors Visiting Georgia

Arab investors are visiting Georgia to receive information on Georgia’s investment environment. Keba Keinde, founder and chairman of Millennium Finance Corporation (MFC) is leading the group of investors. Minister of Finance Dimitri Kumsishvili updated Arab investors on current situation in various sectors of economy, including transport-logistics, tourism, bank-financing sectors. Arab …

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David Bezhuashvili Shows Interest in Insurance Market

Competition is sharpening on insurance market. A new insurance company has already passed registration. Risks Management and Insurance Company Global Benefits Georgia has already obtained life and nonlife insurance licenses. According to Business Registry, Risks Management and Insurance Company Global Benefits Georgia  is member of American Global Benefits Group, which …

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Cloisonné Enamel art is Being Revived in Georgia

Georgian jewelry artists in the capital Tbilisi are reviving an ancient technique of cloisonné enamel art called minankari. The art form, which was abandoned at the end of the 15th century, has in the last two decades seen a gradual comeback as local artists once again create works through the …

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ASB and Government for Elaboration of Disaster Risk Reduction Roadmap in Education

On February 23rd aiming at development of a united strategy in integration of civil safety study into educational program international organization Arbeiter-Samariter-Bund (ASB) together with its partner organizations organized a workshop in the framework of We are Ready! Disability Inclusive Disaster Risk Reduction for the Culture of Safety Program. Workshop …

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OUTDOOR.GE: Advertising Business will Bear Serious Losses if Tobacco Advertising is Banned

Konstantine Chavchanidze, head of Outdoor.ge advertising company says that advertising companies receive 30-35% of revenues from tobacco business advertising. Konstantine Chichinadze told Business Contract that if the tobacco advertising is banned, advertising sector will have to fire many employees, because the companies will lose considerable part of revenues. “About 35% …

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Prices of Office Spaces in Tbilisi – Most Prestigious and Expensive Business Centers

Cushman & Wakefield Georgia, a real estate consulting company, has published an office market report on recent trends and outlook estimations. Economic activity still remains fragile, but stabilization signs have appeared. According to the report, Parliamentary elections have brought uncertain environment and affected market creditworthiness and expectations. Number of employees …

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GEL Strengthens and It May Be Fixed at Reasonable Rate

“Fortunately, GEL is strengthening and there are good preconditions to fix it at reasonable rate”, businessman Lasha Papashvili told reporters. Larization  is not a bad program and the main thing is that business be protected from stress situations. “Obligations were denominated in USD for many years, while citizens receive incomes …

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