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Daily Archives: August 1, 2017

BGEO Wins Contract to Upgrade Tbilisi Metro Ticketing System

BGEO Group announced on Tuesday that its banking business subsidiary, JSC Bank of Georgia, won an auction organised by Tbilisi City Hall for the modernisation of the public transportation payment system in Tbilisi, Georgia. The FTSE 250 company said that as a result, Bank of Georgia would continue as the sole provider of payment support services …

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Gov’t not to Subsidize Winegrowers

Gov’t not to Subsidize Winegrowers

Business community positively assess the Georgian government intention to stop subsidizing viticulture. According to Zurab Ramazashvili, the head of Telavi Wine Cellar company, this is the right decision, and if the subsidies are really canceled, the pricing in the industry will be carried out according to market principles and will …

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Georgia Wins Top Awards at Competition of Extreme Wines in Italy

Georgian wines have received top awards at international wine competition ‘Mondial des Vins Extrêmes CERVIM’ in Valle d’Aosta, Italy. Badagoni Saperavi Reserve 2010 was awarded with Grand Gold medal, the competition’s highest award. Another Georgian wine – Chigogidze Wines Saperavi 2015 – was awarded with a silver medal. CERVIM – Centre …

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Partnership Fund Offers EIB to Join GINO Green City Project

Partnership Fund Offers EIB to Join GINO Green City Project

The Partnership Fund of Georgia offers European Investment Bank (EIB) to join GINO Green City project. The Partnership Fund executive director and the EIB vice president discussed the project. At the same time meeting, the Georgian Party introduced the principles and key working components of Partnership Fund to the European …

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Number of E-Vehicles in Georgia to Grow to1000 Ones by 2018

“By the end of 2017 number of electric vehicles will grow to 1000 ones in Georgia”, Giorgi Zviadadze, head of Technology and Innovation Agency told Business Morning program. One of the Georgian companies have signed an agreement with NISSAN and obtained the right to sell demonstration vehicles in Georgia. The …

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Basisbank Expands Network of Service Centers

Basisbank has expanded its network of service centers. The new service center N1 has opened in Zugdidi. Currently, the bank owns one service center in Gori, Kutaisi and Telavi, 3 service centers in Batumi. In whole, the bank manages 22 service centers all over Georgia. In June Basisbank renovated several …

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