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Monthly Archives: April 2017

Georgian-French Wine Research Center to Open at Lisi Lake

Construction of Georgian-French Wine Technologies Research-Training Center will be finished in about 3 months. Ramaz Krichinashvili, Zearis company director and one of the authors of the project, noted that the project is being implemented by Georgian-American investments on 5 000 square meter space. The four-storied building repeats the design of …

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PASHA Bank Supports Eco Project in Kondoli Village

PASHA Bank Supports Eco Project in Kondoli Village

On April 1st Rotary Club Tbilisi Ambassador in partnership with PASHA Bank carried out an eco-project in Kondoli village (Telavi region, Kakheti). The project was also supported by World Vision and Palitra Holding bookstores chain Biblus. The project implied planting the trees in the school yard, building a playground and …

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Best Western Kutaisi – First Brand Hotel Opens in Imereti Region

Best Western Kutaisi

Best Western Kutaisi – this is the name of the first brand hotel in Imereti Region. Georgian Prime Minister Giorgi Kvirikashvili inaugurated the hotel on April 4. The 3-star hotel is located in the historical center of Kutaisi. The hotel was built by Capitol Kutaisi Hotel in cooperation with Partnership …

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Georgia and Latvia Sign Memorandum on Cooperation in ICT Technologies

Georgia and Latvia have signed several memorandums and agreements as part of meeting between Georgian President Giorgi Margvelashvili and Latvian President  Raimonds Vējonis at Georgian President’s Palace. Moreover, Latvian information  technologies (IT) cluster and information technologies and communications board (ICT)  have signed a memorandum on mutual cooperation. The memorandum calls …

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PR Shapes Company’s Positive Image

Irine Khizanishvili

Irine Khizanishvili, PR manager for Association of Ferroalloy Product Manufacturers and Manganese Miners, Founder and editor-in-chief of the Steps Magazine, talked with Caucasus Business Week.  – What is your profession? -I am a journalist and manager of strategic communications. – Your first job place. – My career started at “Utsnobi” …

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10 People to Lose Houses Due to Tbilisi-Rustavi Highway Construction

10 people will lose their houses due to Tbilisi-Rustavi Highway Construction. Municipality Development Fund already received confirmation from the Minister of Economy for expropriation. Asia Development Bank supports the fund to implement Tbilisi-Red Bridge Highway Reconstruction-modernization project.  Currently, resettlement of A and B highway inhabitants take place. Houses which are …

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Georgia’s Revenues from Foreign Tourism Totaled $481 million

In the fourth quarter of 2016 Georgia’s revenues from foreign tourism constituted 481 million USD, up 12.5% year on year (+54 million USD). According to National Tourism Administration, in 2016 Georgia’s total revenues from foreign tourism exceeded 2.2 billion USD, up 11.9% year on year (+230 million USD). Tourism sector’s …

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Kazakhstan Reveals Plans for Cargo Transportation via Azerbaijan

Kuryk port

Kazakhstan plans to export over 450,000 tons of gas oil via the new Kuryk port and then through Azerbaijan and Georgia until late 2017, Head of Kazakhstan Railways National Company Kanat Alpysbayev told reporters in Baku. He made the remarks on the sidelines of the general meeting of the Union …

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Caucasus Epos Published in Georgian and Ossetian

Ivane Javakhishvili Tbilisi State University hosted a presentation of “Nart Saga for Children” in Georgian and Ossetian languages and the third edition of the Georgian-Ossetian and Ossetian-Georgian Dictionaries. Both books have been published by the non-governmental organization “Caucasus Mosaic” with assistance from the European Union (EU) and United Nations Development …

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TBC Bank Inks Three Loan Agreements Worth USD100 Million

TBC Bank Affirmed Distribution of Dividends in the Amount of GEL 54 Million

TBC Bank Group PLC said it has signed three loan agreements for a total of USD100 million, denominated in Georgian lari, with the European Bank for Reconstruction & Development. The European bank will provide the funds through three loan facilities, with USD60 million in lari to support implementation of the …

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