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Monthly Archives: April 2017

Multifunctional Hotel Porta Batumi Tower to Open in May

Multifunctional Hotel Porta Batumi Tower will be opened in May. In the next month, residential will be ready to function, however, hotel has not been arranged yet. Porta Batumi Tower is equipped with different size of studio type accommodations as well as 12 penthouse with mountain and sea views. Except …

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Sako Tsotsoria: Successful Company Brings Benefits to Society

Sako Tsotsoria

Sako Tsotsoria, PR and Marketing Manager for Radisson BLU Tbilisi and Radisson BLU Batumi hotels in her interview with CBW talked about her path to success, peculiarities of public relations in Georgia and most importantly she stressed the importance of social responsibility, which is mutually beneficial for business and for …

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TBC Bank Simplifies Installment Payment Mechanism and Introduces New Product

TBC Bank has simplified installment payment plan and introduced new loyalty program and plastic card – Ertguli. The new product offers the simplest installment payment plan and loyalty scores. Ertguli installment plan is applicable within preliminarily-agreed credit limit when making payments by Terminal at partner trade outlets. “Previously, our clients …

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Tbilisi’s New Wine Festival scheduled for May 14

The traditional New Wine Festival is scheduled for May 13 at Tbilisi’s Mtatsminda Park Map , 11 AM to 6 PM. Small family-owned wineries, as well as large wineries from all parts of Georgia will present their products. Attendance is free of charge. Visitors are welcome to taste and enjoy some of the Georgia’s best …

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Iranian Investors Start Exploring HPP Construction Potential in Georgia

Iranian investors are exploring potential of constructing hydro power plants in Georgia, Deputy Energy Minister Mariam Valishvili told Business Course. “Representatives of several Iranian companies have arrived in Georgia to explore the market potential, ongoing projects. There is no specific agreement achieved. This is only a working process and we …

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Vladimer Gurgenidze to Continue Working at Liberty Bank up to 2020

Vladimer Gurgenidze plans to continue working on the position of a chairman of Liberty Bank supervisory board. Liberty Bank director general has already applied to the stakeholders to extend the contract to Vladimer Gurgenize up to December 31, 2019. The stakeholders will pass the decision on May 15. The current …

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Preferential Business Sectors for Commercial Banks

Bank sector is of crucial importance for economic and financial stability of the country. Commercial banks represent functional mediators between those saving money and borrowers. Owners of excessive money resources offer their resources to financial mediators, while the latter chain offers these money resources to potential investors. Various physical and …

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Ukraine to Send Agricultural Products to Iran via Georgia and Azerbaijan

Ukraine is to begin transporting agricultural products to Iran by railway, passing through Georgia and Azerbaijan, according to Ukraine’s Minister of Infrastructure, Volodymyr Omelyan. Omelyan, met with a delegation from Iran in Kiev on 19 April, where they reached the agreement. ‘This is a very promising area of cooperation for …

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Mtskheta Governor: Coca-Cola Intends to Relocate Production to Mtskheta

Coca-Cola plans to relocate production to Mtskheta, Governor Gocha Zeikidze told Business Course. Corresponding works will start in 2017, he added. “In 2017 we will open European-standard plant LiderFood company worth about 10 million GEL. The company will manufacture 120 varieties of top-quality meat products. According to preliminary information, the …

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8 Million Credit Cards Are Currently in Use in Georgia

In a population of 3.72 million people in Georgia, about 8 million credit and debit cards are being used, according to Majeed Hujair a Senior Director at School of Public Policy. About 36% of people globally use credit card payments while there are 2.5 billion adults who do not use formal …

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Aric Group Constructs Vinichio Valley Green Tourist Center in Sagarejo

Partnership Fund and Aric Group signed a common memorandum. Aric Group is an investment company created with foreign capital which implements projects in the field of agriculture, food industry and tourism. According to memorandum, the companies want to develop a common business, Vinichio Valley. They want to produce wine and …

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