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Daily Archives: July 17, 2017

Gas Transportation Tariff Grow

LLC Georgian Gas Transportation Company has raised gas transportation tariff. Under today’s decision of GNERC, gas transportation tariff per cubic meter for steam power plant, Kazbegi Gas, Dusheti Gas and other consumers will be 1.84 GEL, excluding VAT. Since 2000 gas transportation tariff for steam power plants was 0.9 GEL …

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Georgian Harvard Graduate Leading Kazakhstan Bank

Mikheil Lomtadze leads ”Kazakhstan Bank” since 2008. The Chief Executive Officer has introduced innovative ecosystems long time ago,which allows a client to pay taxes, purchase products at online-stores, compare prices and benefit loyalty programs. According to the bank’s information,nowadays Kaspi system has 20% of non-food products, while the bank has …

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New Safety Regulations – Higher Real Estate Prices?

A part of developers states that the mentioned regulations have increased construction costs. Tornike Abuladze, Arci development company executive director and Georgian Developers Association representative, explained that introduction and enactment of this 600-page document is a right decision, despite a certain part of materials may rise in value. «This 600-page …

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Plastics Production Project Remains in Draft Form

Plastic production project of Georgian designer Zviad Tsikolia hasn’t launched. There is no progress even though, Government promised Zviad to support within framework of ”Enterprise Georgia”. ”Project remained in draft form. None of the support or advancement has been besides their speech on TV and writing project. They say I …

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BiuBiu Takes over 50% of Chicken Meat Market in 3 Years

BiuBiu company has occupied 50% ratio on the chicken meat market in 3 years, Chirina company head Revaz Vashakidze told Business Course. The company produces chicken products under BiuBiu brand. Over the past period, ratio of domestic products have considerably increased in poultry segment, chicken meat, not chicken minced meat. …

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Armani, Calvin Klein, IKKS and Roman in Galeria Tbilisi

Multifunctional Shopping Center ”Galeria Tbilisi” will be opened in Autumn, on Rustaveli Avenue. Where many affordable and unique brands will be available. It will be the first time in Georgia for the brands like: Armani Exchange, Calvin Klein Jeans, IKKS womenswear and menswear and Roman. Lacoste, Guess, United colors of …

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US Wine Experts are Exploring Georgian Wine

A group of  wine experts from USA is visitig Georgia to explore wine cellars in Samegrelo, Imereti, Kartli and Kakheti. The visit was organized by the National Wine Agency. The group of wine professionals is headed by Julie Peterson of Marq Energie, an American marketing agency and National Wine Agency’s …

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Business Ethics in Georgia

We cannot examine successful business without a due consideration of business ethics. None of the civilized countries of the West developed without business ethics. We can note words of the former American President, John F. Kennedy: “ask not what your country can do for you, ask what you can do …

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Georgia’s Investment Policy Fails to Justify Public Expectations

According to preliminary report, foreign direct investment inflows to Georgia made up 403.3 million USD in the first quarter of 2017, up 3.7% as compared to the first quarter of 2016. It should be noted that in January-March FDI inflows are lower as compared to the January-March indicators in 2007-2008. …

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