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Daily Archives: June 5, 2017

Price is $6000 per m2 at Redix Apartments on Chavchavadze Avenue

Price is $6000 per m2 at Redix Apartments on Chavchavadze Avenue

Acquisition of an apartment at Redix Apartments on Chavchavadze Avenue will cost 4.2 million USD. Founder of Redix talked about the most expensive residential complex in the history of independent Georgia with Property Georgia. According to Lasha Papashvili, Sales of residential properties are strictly limited due to quantity. There are only 11 …

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Samsung to Sew Clothes in Georgia

Samsung to Sew Clothes in Georgia

Laura Ghachava is preparing to sign a contract with Samsung. The business lady says that Samsung’s representatives have already liked their samples, including jackets. They were visiting Georgia and saw the factory. Laura Gachava is expecting representatives of South Korean company in the nearest 10 days and announces signing of …

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National Bank Bought 19.75 Million USD in April

National Bank Bought 19.75 Million USD in April

Net currency sales of National Bank of Georgia (NBG) made up 30.5 million USD. As a result, foreign assets have declined by 10.75 million USD. NBG has purchased 19.75 million USD through currency auctions. Government deposits shrank by 132.5 million GEL to 1.178 million GEL. In the reporting period placement …

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World Bank Downgrades Georgia’s Economic Growth Forecast to 3.5%

World Bank Downgrades Georgia's Economic Growth Forecast to 3.5%

World Bank (WB) has downgraded Georgia’s economic growth forecast to 3.5%. The bank has published the forecast in a new report. Under the new report, in January Georgia’s economic growth was supposed to be 5.2% in 2017, 4% in 2018 and 4.5% in 2019. According to the WB estimations, Azerbaijani …

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Business Café Meets up for the 10th Time

Business Café Meets up for the 10th Time

On May 31st, 2017 the 10th meeting of Business Café was held at Tbilisi Marriott Hotel. Entrepreneur, Mr. George Kananashvili spoke about Financial Technologies and Challenges.   About Business Café: Business Café is a project initiated by consulting company “Insource” and it has been supported by PASHA Bank since 2015. …

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Malaysia Is The Cheapest Country In The World For Flights

Flight website Kiwi.com has released its second annual Flight Price Index, showing which countries in the world offer the most affordable flights as measured per 100km of travel. To calculate the rankings, it analysed over a million flights across 80 countries to find an average price of short-haul and long-haul …

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Natasha – Hand-made Knitted Bra Startup by Georgian Journalist

 Hand-made Knitted Bra brand, Natasha was launched two months ago. The founder of the startup is Imedi Morning journalist, Nata Tabidze. The founder talks about the challenges, advantages and startup development plans with Marketer. How did you come up with an idea to create your brand and why did you choose to …

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Wine Exports up 64% in January-May

According to National Wine Agency, in January-May 2017 Georgia exported 24.75 million bottles of wine to 41 countries, up 64% compared to the same period of 2016. Value of total exports made up 55.52 million USD, up 58% year on year. “In January-May 2017 wine exports rose by 64% year …

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