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Daily Archives: April 4, 2017

David Iakobashvili Sold Outdoor Advertising Company Outdoor.ge


Outdoor.ge, an outdoor advertising company, has been sold. The former director of the company Aleksandre Chichinadze confirmed the information to Business Course program. The deal was concluded about 2-3 weeks ago, he said. “This is an ordinary business deal and both parties are content”, Chichinadze said, but refrained to name …

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First Georgia Produced Bikes Appear At the Market


Young bike lovers start producing Georgian bicycles. The project is ready and innovative bikes will appear in September 2017 at the market. The author of the business idea is Beka Kiknavelidze. At present, Beka is a head of bikes importer company bike.ge. The new project will be implemented by Georgian Bicycle …

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Revenues of Insurance Companies Grow 9 Times


In 2016 net profits of insurance companies rose 9 times. According to the report published by Insurance Supervision Service, in 2016 net profits of insurance companies marked 18.86 million GEL, while the sector’s profits marked 2.63 million GEL in 2015. What factors have driven a growth in profits of insurance …

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LDA Model United Nations Kicks off in Tbilisi


LDA Model United Nations will take place in Georgia, this year as a part of special conferences from around the globe. MUNPlanet: In case anyone missed it, please introduce yourself and your conference to our community. Leadership Development Association is a global, non-political, independent, non- profitable organization, run by young …

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Magticom’s Former President Moves to Agriculture Sector

David Lee

David Lee, the former president of Magticom company, has moved to agrarian sector. David Lee represents Iranian Company Arik Group that has been implementing several projects in Georgia. David Lee is an executive director of Arik Group. Today Georgia provides best investment environment and the country should valuably use this …

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Cosy – A New Georgian Clock Brand

It all started in 2015 when friends who loved working with woods decided to make clocks. They created a clock brand ‘Cosy’ together. “It was difficult in the beginning. We started selling our production at the Flea market and then we created a facebook page. In 2016, few companies contacted …

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Georgia Healthcare Completes Renovation Of Tbilisi Hospital


Georgia Healthcare Group PLC said Monday it has completed the renovation of its Sunstone referral hospital in the Georgian capital of Tbilisi. London-listed Georgia Healthcare said the hospital has 220 newly renovated beds and 332 beds in total, with the first phase of its opening beginning immediately. The full launch …

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Instable Quality Makes Georgian Hazelnut Cheaper Compared to Competitor Countries


Conversations with representatives of primary chain of Hazelnut production, Hazelnut processing plants and exporter companies prove that Hazelnut quality is a major problem in Georgia’s Hazelnut sector. All chains involved in Hazelnut business agree that in 2016 farmers picked low-quality Hazelnut  because of incorrect care, improper picking and storing. Moreover, …

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Driving of a Rail Road will cost 5 mln GEL near Kutaisi Airport

Driving of a Rail Road will cost 5 mln GEL near Kutaisi Airport

Georgian Railway is preparing for launch of one of the important projects. Time counting has already begun, and a new railway station will be opened in Kutaisi Airport within a year. “The estimated value of the project is over 5 million GEL, however the sum will be allocated by the …

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