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Daily Archives: August 7, 2017

Establishing EU Instructions – Georgian Railway Sharing French Experience

Georgian Railway is getting to know experience of National Railway Company of France (SNCF). A group of experts of the railway company of France is consulting Georgian colleagues in establishing European instructions and carrying out structural reforms. Frederic Parde, director of international projects of SNCF, noted that the world goes …

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Partly Suspension of Vintage Subsidization Damages the Sector

Bustling vintage has become a traditional environment in Georgia. For many years peasants accustomed to state subsidies and they frequently find grape prices unacceptable. This year Government plans to suspend state subsidization of vintage in Kakheti Region. The program will be maintained in Racha-Lechkhumi Region for Khvanchkara varieties – Aleksandrouli …

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Georgian Wine Tasting Held in Amsterdam

Georgian wine tasting was held in the Capital of Netherlands. Local sommeliers, journalists and wine writers attended the event. As Head of Marketing and Public Relations Department of National Wine Agency Irakli Cholobargia stated, based on international tendencies and statistics of wine consumption, the Dutch market is quite promising for …

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Solar Panels Production to Begin in Kutaisi

Negotiations on the production of solar panels in Kutaisi free industrial zone are at the final stage. Soso Nibladze, Chairman of TIZ, says at Business Course that at this stage negotiations are going on to attract financial resources to start production with foreign and Georgian partners. The project is implemented …

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Internal Debt – More Expensive than External Debt

State Budget Pays 0.5 bln GEL to commercial banks for Serving debts. Georgia’s state debts account for 13.8bln GEL as of May 2017, including external debts total 11.2 bln GEL, while internal debts account for 2.5bln GEL. It is worth noting that over the past years  state debts comply with …

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The first Georgian olive oil will be exported to the EU

The first Georgian olive oil will be exported to the EU. Giorgi Svanidze, Head of the “Georgian Olive”, said at Business Course that the target export market is the Netherlands where the Georgian olive oil is sold in the supermarket. In addition, the launch of the product is planned in …

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