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Monthly Archives: August 2017

Fuel Price Has Increased in Georgia Accordingly to International Market

Fuel price has increased. Growth is from 2 to 5 tetri. The price has been increased of companies such as “Gulf”, “Lukoil” and “Wissol”. Deputy Director General of Lukoil Shavleg Misheladze confirms the price increase at Business Course. According to him, from today “Lukoil” all kinds of fuel increased by …

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SOCAR Allocates Fuel for Firefighting Measures in Borjomi Gorge

SOCAR has allocated fuel for firefighting activities in Borjomi Gorge, the company statement reads. “Regretfully, natural disaster has annihilated a major part of the woodland. Rescuers and firefighters continue fire liquidation measures. It is necessary to stand united and render assistance today and contribute to the woodland restoration in the …

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Information Meetings in Keda Municipality

On August 14-23, 2017, CENN, together with local partner organization in Adjara region – Institute of Democracy, conducted information meetings in Keda municipality within the frame of the project Optimising the Potential of Local Assets for Rural Development of Keda Municipality. The meetings were conducted with Local Authority and Culture House …

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The Demand for Georgian Production Medicines is Increasing On Export Markets

The demand for  Georgian medicines on export markets increases. The share of medicines has reached 5.4% of total exports. According to “Geostat”, in January-July 2017, almost $ 78,621 million of medicines were exported to foreign markets. In January-July 2016, Georgia exported medicines worth of 54,348 million . Medications take fifth …

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Georgian Startup-Holo Creates Hologram Advertisement

”Holo” is an advertising company, that transforms PR material into hologram image. According to one of the founder, Nika Berekashvili, he and his friend Sandro Javakhishvili came up with the idea at Hackathon, when searching for a creative way to decorate local bar interior: After 48 hours of hackathon we …

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The Banking Sector Has a Profit of 0,5 Billion GEL

Out of 16 operating banks by August 1st  (01.08.2017) 15 is profitable ∑ 519.5 mln. ₾ (H1/2017 – ∑ 448.8 mln. ₾).  15 was profitable in the first part of year as well(H1/2017) Azerbaijan International Bank replaced Isbank in July (loss – 335 000 ₾). Turkish Isbank profited 80 000 GEL  (H1/2017 …

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Russia, Turkey Negotiate Contracts Worth $820Mln

Russia, Turkey Negotiate Contracts Worth $820Mln

Russian Deputy Industry and Trade Minister Georgy Kalamanov said Russian and Turkish businesses have made preliminary agreements on contracts that together are worth approximately $820 million within the framework of the 86th Izmir International Fair, Sputnik reported. Russian and Turkish businesses have made preliminary agreements on contracts that together are …

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Kings Georgia to Restore 0.5-hectare Woodland Zone in Borjomi

Kings Georgia, school Olympiads managing company, has announced plans to restore a 0.5-hectare woodland zone in Borjomi and to arrange the Kings’Alley. The company will fulfill the project under the motto: Young Generation for the Tomorrow! The company statement reads: “Burnt woodland in Borjomi has confused each of us! We, …

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Averaged Annual Heat Leakage from Walls Hits 48%, Floors Heat Leakage is 13%

Positive and efficient features of energy efficient system that comprise both ecological and financial efficient aspect have long become an ordinary and usual component for population in developed countries. Consequently, they use innovative technologies successfully counting on long-term benefits. What is the situation in Georgia in this respect?  Government of …

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