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Daily Archives: March 1, 2017

Mamuka Bakhtadze: Georgian Railway Bonds Have one of the Best Periods


“Despite the hard conditions in the regions, investors positively estimate Georgian Railway and Georgian economy”, – Mamuka Bakhtadze, general director of Georgian Railway declares and makes a note on the trend fixed on the securities of the company.  CEO, one of the largest shipping companies of the country says, that …

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International Monetary Fund Starts $285 million Program in Georgia


International Monetary Fund starts a three-year project of 285 million in Georgia, – mission of IMF finishes the visit with such a result. IMF supports the program with “extended funding mechanism”. To note, 201,4 million SDR ( over $285 million) will be allocated within the frame of the program, i.e. …

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EU Agrees to Waive Visa Requirement for Ukrainians


Ukrainian citizens will be able to travel to the EU visa free under an informal agreement made between Parliament and Council negotiators on 28 February. Once the change enters into force, Ukrainians with e-passports will be able to enter the EU for up to 90 days in any 180-day period …

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First Georgian Obtains Gail P. Kelly Award in Education Field


Doctoral dissertation of Georgian researcher Nutsa Kobakhidze was named as the best research work in 2016. Commission of the Comparative and International Education Society (CIES) will transmit Gail P. Kelly award to Nutsa Kobakhidze. The commission is staffed of distinguished scientists from five countries. Starting 1994 the award is transmitted …

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AYFB Names Main Defects in Law on Tobacco Products


Association of Young Financiers and Businessmen – AYFB has released a repeated statement on the Tobacco bill and exposed the gaps within the document. The bill lacks for due financial analysis. The document only says that the Authorities do not plan to take additional expenditures, but the draft law says …

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Georgia Ranks 16th in 2016 Global Hunger Index


Georgia ranks 16th among 118 countries in the 2016 Global Hunger Index. Under OXFAM Georgia report, Georgia’s indicators have not improved since 2008, but total score of the country made up 8.2. And this is a very low indicator, while the situation in several other countries were appraised as alarming …

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Agro Test Laboratory Capacity in Georgia

Photo/ Agro Solutions

The majority of new challenges that our country needs to address after signing of the EU Association Agreement are related to the agriculture sector. The Deep and Comprehensive Free Trade Agreement (DCFTA) has provided a real perspective for export of the Georgian products to the EU market. The DCFTA opens …

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Construction of the Factory of Aircraft Parts to finish this Year

Construction of the Factory of Aircraft Parts to finish this Year

Construction of Civil Aircraft Parts Manufacturing Plant (ATC), joint project of Partnership Fund and Israeli-based company Elbit Cyclone, has moved in the active phase. According to the Partnership Fund, detailed designing, preparation of specifications for equipments and negotiations with their suppliers are already completed. Land excavation process will be completed …

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PR Becomes an Important and Valuable Direction for Business and Society


Eldar Pirmisashvili, is Founder of Peritus Group Strategic Communications Agency and PR Consultant, he has worked for several Georgian companies during his career and has quite extensive experience in public relations field. – What are you by profession? – I am a specialist of public relations. I have completed BA, …

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Georgian Exporter Companies Attending Gulfood 2017 International Exhibition


Georgian exporter companies are participating in Gulfood 2017, a leading international exhibition of food products and beverages, from February 26 to March 2. Georgian delegation’s visit was organized by Entrepreneurship Development Agency of Ministry of Economy. In United Arab Emirates (UAE), representatives of Georgian private sector were accompanied by Deputy …

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