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Daily Archives: July 3, 2017

Georgian Olive Will Also Produce Oil of Grape Pip, Pomegranate and Peach Stone

Georgian Olive Will Also Produce Oil of Grape Pip, Pomegranate and Peach Stone

The olive planter will process this year’s harvest in his own enterprise. The Minister of Agriculture got acquainted with the manufacturing process after visiting the olive gardens (Sighnaghi region, village Sakobo). The enterprise has been built with joint investment of Dutch-Turkey and Agricultural products processing enterprises co-financing component. Investment value is …

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Irakli Gilauri: Divided Companies Will be More Successful

The Devaluation Revealed the Strongest Economy of Georgia

After the division BGEO Group as investment and banking businesses, chairman of BGEO Investment expects more successful time for both of the companies. Irakli Gilauri says that investors also assess the division positively, as recently prices of stock increased by 4% I think that division will be reflected in a …

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GGU Will be Fourth Company To Be Listed on LSE

BGEO Investment prepares its businesses for IPO. Chairman and Chief executive officer, Irakli Gilauri says that company continues investing in energy field. “GGU is our fourth company to be listed on London Stock Exchange, company will continue to invest in energy sector, we look positively towards energy direction, he says. IPO …

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Annual Inflation Rate Hits 7.1%

In June 2017 Georgia’s annual inflation rate rose by 0.4% month on month and constituted 7.1%. In the mentioned period, price changes in the following categories influenced the inflation formation: food and soft drinks: prices declined by 1.5%, which constituted – 0.45% in total inflation indicator formation. Prices declined in …

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Tbilisi Gardens – First New York Style Skyscraper in Georgia

Tbilisi Gardens, a 29-story skyscraper in green environment on Asatiani Street, is built in accordance with U.S standards, making it a truly genuine American place to live. Lika Kardava, the host of Georgia’s number one real estate programme (Sakmiani Dila, TV Pirveli) interviewed Saulius Mikaliunas, Tbilisi Gardens Project Manager. – Construction …

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Association of Non-bank Financial Institutions Established in Georgia

Association of Non-bank Financial Institutions has been founded in Georgia. Objective of the Foundation is to promote development of non-bank financial market, protect sector participants and shape healthy competition on whole financial market. Givi Korinteli, founder of the association, told Business Course that all financial institutions will be united that operate …

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Number of Tourists Coming to Georgia Increased by 43% in June

Head of Georgian National Tourism Administration of Ministry of Economy and Sustainable Development of Georgia, Giorgi Chogovadze has presented six month tourism statistical data. According to the data of first six months, in June 666,493 tourists have visited Georgia, which is 147,7357 more than the same indicator of the previous …

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Freco to Launch Test Production of Chips

Freco, Georgian potato fries manufacturer, plans to launch test production. Irakli Kurdadze told Business Course that chips will be manufactured by new technologies and only natural seasonings will be applied. “Our chips will be made of natural seasonings and will have 6-month storage life. Other manufacturers use bell pepper powder, …

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