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Daily Archives: June 26, 2017

Georgia Hazelnut Improvement Project – in Details

The Georgia Hazelnut Improvement Project (G-HIP) is a five-year Global Development Alliance (GDA), implemented by USAID, Ferrero, and CNFA. This dynamic approach to development leverages the technical and financial resources of each partner to increase sustainable capacity and broaden, deepen, and advance public and private sector development of the hazelnut …

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EIB Appraising TAP, TANAP Projects for Financing

The European Investment Bank (EIB) is currently appraising the Trans Adriatic Pipeline (TAP) and Trans Anatolian Natural Gas Pipeline (TANAP) projects and will carefully review all the relevant issues as part of its usual due diligence procedures, a source in EIB told Trend. “As for all the projects that it …

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Italian Investors to Launch Production of Ceramic Plates and Dishes

Italian investors will launch a production of ceramic dinnerware items in Tbilisi,” Ambassador of Italy in Georgia Antonio Bartoli told Business Course. According to him, company initially will employ approximately 60 people, however company plans to expand its operations in future. The company will use Georgia as a export platform, …

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Georgian Manganese is Explaining the Reason for Export Reduction in May

Georgian Manganese explains the reason for export reduction in May. According to the company’s special manager, the reduction of ferroalloys export is resulted by a 14-day suspension of the enterprise in May, which in turn has been caused by the failure of the previous management to pay consumed electricity cost, …

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Exports up 25.0 Percent y/y in May 2017

In May 2017, exports increased 25.0% y/y to US$ 215.2mn, imports were up 3.8% y/y to US$ 633.2mn and the trade deficit narrowed 4.6% y/y to US$ 418.0mn. Overall in 5M17 exports were up 28.7% to US$1.0bn, imports increased 10.8% to US$ 2.9bn and the trade deficit widened 3.4% to …

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Agricultural Cooperative “Tirikhula” Opened

People in Need (PIN) and its partners biological farming association “ELKANA” and Georgian Young Economists’ Association (AYEG) opened agricultural cooperative “Tirikhula” in village Kveda Sakara, Zestaponi municipality. The aim of the event was to present agricultural cooperative “Tirikhula” and its production to the wider public. Representatives of the European Union Delegation …

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Private Sector Business Organisations from Eastern Partnership Countries Demand Better Business Climate for SMEs

More than 100 business support organisations (BSOs) representatives from Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine and the EU Member States gathered in Kiev on June 21st  for the final conference of the EU funded East Invest project. Participants discussed private sector’s engagement in policymaking across the Eastern Partnership (EaP) countries …

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New Guide to the ‘Cradle of Wine’ Released

A new book on the wines and winemaking culture of Georgia by award-winning wine writer Miquel Hudin has been released. ‘Georgia: A guide to the cradle of wine’ was officially presented on 9 June at the opening of Winexpo in the Caucasian country’s capital Tbilisi but is now available for …

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Absence of Qualified Workforce in Villages – Reasons and Solutions

Villages lack for qualified workforce. This problem remains under discussion for a long period. Ministry of Agriculture also proves that this problem genuinely exists in villages. «Today villages lack for engineers, agronomists,  mechanizers and many other specialists», Deputy Agriculture Minister Giorgi Khanishvili said. Today, it is difficult to find due …

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