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Daily Archives: July 25, 2017

Kakha Kiknavelidze: Bank of Georgia Has a Great Development Plan

Kakha Kiknavelidze: Bank of Georgia Has a Great Development Plan

Management of Bank of Georgia consider market position of the bank neither satisfactory nor good. They regard it as the best. According to Kakha Kiknavelidze, CEO of the Bank, he is very satisfactory with the results of H1, 2017. The bank keeps the leading positions on the market and has …

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Peach Export Increased by 44%

Peach Export Increased by 44%

Ministry of Agriculture announces on the increase of peach export. According to the Ministry, peach of 5,853 t is exported from Georgia by July 24, which exceeds by 44% comparing to the same period of the previous year. It should be noted, that peach of 5800 t was exported on …

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GEL Stability and Estonian Model – 6 Months of Nikora

Starting January 2017 several important economic reforms were implemented. The private sector representatives named several directions for business, including free trade agreement with China that will come into force in several months. Nikora director general Irakli Bokolishvili told the Commersant that January-June period of 2017 was profitable. Currency stability has …

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Georgian Railway Launched Electronic System of Document Turnover

The electronic system of document turnover was launched on 15th of July. The Georgian Railway is the first company in the region that has implemented a similar system. This innovation allows local carriers to carry the cargo transportation documents in electronic format. Railway Clients will be able to make an …

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Donate and Get Items For Free through Fulwish Website

Fulwish is a platform where anyone can donate the items they don’t use anymore. We all have such things at home that we should not throw away as someone might be more than happy to use it. Fulwish sets us free from unnecessary subjects. The platform concept has another side …

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Rail Shipments Move to Electronic Format in Georgia

Rail shipments will be organized in electronic format and this is an unprecedented project in the region. Georgian Railway has already introduced a joint electronic system cargo.railway.ge, where shipment documents and signature will be carried out in electronic format through authorization and ID cards. The system enables authorized users to …

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Georgian Hazelnut – Health Hazard or Recognized Georgian Brand in Europe?

Only two cases of excessive aflatoxin were registered in Georgian Hazelnut in 2017, the statement by Ministry of Agriculture of Georgia reads. The statement was released to react to information as if Georgian Hazelnut cannot be exported to EU market because of excessive aflatoxin. Aflatoxin in a scientifically-approved carcinogen and …

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Larization Program Hikes Prices in Tourism Sector

Gudauri HeliSki founder Vato Asatashvili talks about tourism sector problems as a result of Larization project. Travel companies make expensive offers for insurance their businesses. “The law enables to provide ambiguous interpretations. The text does not specify when to indicate prices in GEL and when not. Many players have indicated …

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