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Monthly Archives: August 2017

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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Electricity Exports Annual Growth Records 8.6%

Electricity exports in June rose by 8.6% to 230.1 gw/hour. According to G&T, total exports of electricity in 1H17 rose by 7.4%. Electricity exports to Turkey declined by 38.8%, while the previous year’s basis was quite high (+23.1 year on year). Electricity exports to Turkey constituted 28.3% of total exports. …

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Batumi to Host ADJARA PICNIC FEST 2017

Batumi will host ADJARA PICNIC FEST 2017. TSRE (Circle) company will conduct ADJARA PICNIC FEST 2017 for Ajara region residents and visitors. The regional fest will be held in May 6 Park on August 19-20. As part of the FEST, for two days, Adjara will be united around one circle. The …

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GIAM Group Launches Apple and Peach Processing

GIAM Group cannery plans to launch apple and peach processing, namely, fruit concentrates and spreads, the company director Revaz Gogitidze told the Commersant. At the end of August, the company will buy 3 000 tons of apple and produce test samples of product. The plant is located in Kobuleti. The …

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Commercial Banks Raise 38mln GEL Fines in 1H17

Larization Decreased Banks’ Credit Portfolio

Commercial banks have mobilized 37 982 147 GEL fines from overdue loans in the first quarter of 2017. According to reports submitted by commercial banks, in this component Liberty Bank is leader with 13 063 588 GEL, TBC Bank ranks second with 10 120 167 GEL, Bank of Georgia is …

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SSA Marine: Anaklia is the Best Location for Regional Trade

Major US company SSA Marine has become terminal-operator and one of the investors of Anaklia Seaport. The company first vice-president Robert Waters told the Analytics that the company will cover several directions in the project and will act as both terminal operator and the stake owner. “We will act as …

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Private Sector Avoids Financing Startups

Startup Georgia program was launched by initiative of the Georgian Prime Minister with the aim to develop startup businesses in the country. Any persons, who have economically profitable and efficient  ideas, are welcome to participate in the project. These ideas must be attractive in terms of investments and profits. In …

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Cooperation between Business and Academic Circles is Necessary for Georgia

Amid growth in competitive capacity of global companies and quick expansion of technological landscape, benefits from cooperation between academic and business circles acquires vital importance. Professors and researchers, as the field experts, represent wide potential, intellectual resources, commercial values and business success. Today, all parties – Government, business and science …

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Vintage Past, Rosé Future: Georgian Wine

Vintage Past, Rosé Future: Georgian Wine

​This week Georgia became the first guest wine region at the shiny new Cité de Vin museum in Bordeaux. Georgians have been making wine for 8,000 years. Though debate still swirls over whether that makes them the oldest winemakers, the drink is central to their culture. The national wine agency …

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