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Daily Archives: March 6, 2017

Average Salaries in Business Sector Rose to 1130.4 GEL in Q4

In the fourth quarter of 2016 averaged salaries in business sector made up 1130.4 GEL, up 85.8 GEL year on year, including salaries for females made up 819 GEL, up 66.1 GEL year on year. According to Geostat, the national statistics Service of Georgia, averaged salaries are as follows: Major …

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In January, Imports of Cars in Georgia Decreased by $ 5 Mln

In January, Imports of Cars in Georgia Decreased by $ 5 Mln

This is mainly due to the sharp rise in excise taxes on right-hand drive cars, although the large number of such vehicles were imported into the country before January 1 and  customs clearance is carried out under the old rules. However, not all managed to bring the right-hand drive cars …

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Spanish Deraza Iberico Plans to Grows Kakhetian Pigs and Build Farms

Spanish company Deraza Iberico plans to grow Kakhetian pigs and build farms. The company plans to develop the project stage by stage jointly with Partnership Fund. As a result, the company will manufacture Hamon product and various meat products from Kakhetian pigs and sell them on  both domestic and exports …

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Georgian PM Initiates to Establish Media Ombudsman Institution

Georgian PM Initiates to Establish Media Ombudsman Institution

Georgia’s Prime Minister Giorgi Kvirikashvili has released a statement raising an initiative to establish a media ombudsman institution in Georgia.  “First and foremost, I would like to emphasize that we honor decisions, recommendations and ideas from European institutions that make a special contribution to our country’s democratic development. Accordingly, this …

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GEL Returned to the Strengthening Trend

GEL Returned to the Strengthening Trend

GEL has returned to the strengthening trend after the resume of foreign exchange trade. GEL started devaluation unexpectedly on March 2 and cost of 1 USD grew up to 2.54 GEL, despite the fact that strengthening trend had been fixed through day. To note, trade stated at $1/2.4925 point at …

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Danish Foundation to Introduce 5 million USD Grant Program for Young Farmers

International Foundation for Agriculture Development (IFAD) will introduce a new grant project – Agriculture Modernization, Market Access and Resilience (AMMAR) in Tbilisi in the near future. The presentation will be attended by representatives from Denmark and IFAD head office. BusinessContract was told at Agriculture Ministry that this presentation will unveil  …

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Bidzina Ivanishvili Ranks 276th in Updated Rating of Billionaires

The Bloomberg agency has published an updated rating of the world’s 500 billionaires. In the rating Georgian billionaire Bidzina Ivanishvili ranks 276th with 5.52 billion USD. The rating is topped by Microsoft founder Bill Gates with 85.6 billion USD. American businessman Warren Buffet ranks second with 78.9 billion USD and …

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Moderat to Hold a Concert In Tbilisi on 24th of March

Moderat is a German collaboration between Apparat and Modeselektor. Both bands started their career in early 2000. The band is going to hold a concert in Tbilisi, at Hippodrome on 24th of March.It is possible to buy tickets online on Eventer.Ge and at social bar Generator 9.8. Currently, the tickets …

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