Daily Archives: September 7, 2017

Construction of Wine Technology Research Center at Lisi Lake to End in 2017

Construction of Georgian-French Wine Technology Research-Training Center at Lisi Lake will be finished by the end of 2017. The 4-floor complex will cover 5 000 square meters and its architectural design is identical to the Dadianis Palace of Zugdidi. Ramaz Krichinashvili, one of the authors of the project, told BusinessPressNews …

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Reserved Territories Register Record Number of Visitors

Number of visitors on the reserved territories rose by 32% in January-August 2017 compared to the same period of 2016 and totaled 726 296 persons. According to January-August indicators of Agency of Reserved Territories, ratio of Georgian visitors amounted to 58% (423 528), while ratio of foreign visitors made up …

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Number of Internet Users in Georgia due to Regions

There are 666 283 Internet users in Georgia, excluding mobile users. Silknet serves a major number of subscribes (276 894 users). Magticom ranks second with 226 814 users and Akhali Kselebi ranks third with 41 422 users; CGC serves 21 390 users, Forbes Georgia reports. According to Georgian National Communications …

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Chinese Consortium Plans to Launch Oil Extraction in Georgia

Chinese companies are interested in conducting oil search/extraction works in Georgia. A Chinese consortium that unites several Chinese companies has taken part in the international tender announced by Georgian Oil and Gas Corporation (GOGC) on April 3. These companies are: LLC West Gulf Petroleum Engineering Company, LLC China New Start …

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Georgian Mining Completes $6m Investment into GCG

Georgian Mining Corporation announced it had satisfied its obligation of a $6m initial investment to Georgian Copper and Gold (GCG). Georgian Mining said it had held discussions with GCG in Tbilisi, the capital of Georgia, in late August regarding its 860 square kilometre target area along the Tethyan Belt, an established copper-gold …

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Tsotne Kavlashvili: Larization of Loans Rises by 8%

Deputy Finance Minister Tsotne Kavlashvili has appraised government reforms for Larization as successful. This is important issue for our population, because Larization makes them less dependent on currency exchange volatility, he said. “In January 2017, when we started Larization program, ratio of GEL-denominated loans in total loan portfolio was under …

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Georgian Chacha Export Increased on International Markets

According to the National Wine Agency, exports of Georgian chacha have increased by 153% during one year and 132 746 bottles (0,5 l) were exported to the 17 countries in 8 months in 2017. Revenues from chacha exports amounted to 367 757 dollars, an increase reached 85% compared with last …

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Construction of Two Sections of Highway Begins Simultaneously

Construction of two sections of highway of upper Osiauri-Chumaleti begins simultaneously, which length is 15 km. According to Prime Minister Giorgi Kvirikashvili, investment of construction amounts 500 Million GEL and considers high rate of employment. ”This is the last section, after which Rikoti starts. As for, Rikoti part, final design …

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21 Year-Old Startup Karenina – Book Cover Bags

21 year-old student, Nini Karelidze produces wood bags since 2016. What makes ”Karenina” bags distinguished is that, it has a book cover. She sells her product online, through social network. Besides Georgian costumers, it also attracts foreigner’s attention. ”It used to be my hobby and decided to make business out …

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