Daily Archives: September 4, 2017

Twin Brothers’ Business in Depopulated Village of Racha Region

Agriculture is the most ancient form of doing business that satisfies the need of food products. Consequently, in many countries agriculture is a leading sector of economy. According to Geostat, national statistics service of Georgia, as of June 1, 2017, agriculture, hunting and forestry sector recorded 6423 business entities, including …

Read More »

Entrepreneur of the Week – Glass Art Studio

“Our studio-workshop launched operation in September 2016. We decided to develop a product that would grow popular on daily basis and our clients would be content by quality and appearance of purchased product. -What has inspired you to develop this startup? -Key objective and stimulator of Glass Art Studio was …

Read More »

70 Percent of Funds Allocated For Gas Storage Construction Are Loans

gas storage

The loan participation in the construction of gas storage is expected to be 70%, deputy Minister of Energy Mariam Valishvili told “Course Course” . According to her, negotiations with international financial institutions are actively underway and banks, at this stage evaluate the risks of the project. “Now we are researching …

Read More »

Aldagi Introduces Personal Responsibility Insurance

Aldagi insurance company has introduced a personal responsibility insurance package that unites travel insurance, body injury inflicted to the third person and insurance of physical damage of material property. As part of individual insurance, the company offers three different versions of travel insurance: Standard, Comfort and Premium. The mentioned packages …

Read More »

Company Silknet Issued 34 Million GEL worth Bonds With TBC Capital

TBC Capital successfully completed the placement of Silknet bonds. The volume of bonds is 34 million GEL. It’s the first time on the Georgian telecommunication market company issue the bonds. “Silknet” bonds term is 5 years. The annual coupon rate is 3.5% of the refinancing rate of the National Bank. …

Read More »

Tbilisi’s Ratio in Business Sector’s Turnover Accounts for 71%

The business sector’s turnover volume in the second quarter of 2017 rose by 16.9% year on year and totaled 16.6bln GEL. According to Geostat, the business sector’s output has also increased to 8.9bln GEL, up 18.9% year on year. Due to regions, Tbilisi ranks first in total turnover:  Tbilisi 0 …

Read More »

Average Salary in Business Sector Totaled 1106.9 GEL

In the second quarter of 2017, averaged monthly salary in the business sector totaled 1106.9 GEL, up 128.8 GEL year on year, including the figure for women made up 816.3 GEL, up 88.8 GEL year on year. According to Geostat indicators, averaged monthly salaries due to the size of enterprises …

Read More »

Vintage Coordination Staff in Telavi to assist the winegrowers

In Telavi (Kakheti) “Coordination Staff of Vintage 2017” was opened. The opening was attended by the deputy ministers of agriculture Iuri Nozadze and Revaz Asatiani, the  head of National Wine Agency Giorgi Samanishvili, state representative in Kakheti Region – Governor Irakli Kadagishvili and representatives of municipalities and wine companies. “Taking …

Read More »