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Daily Archives: September 11, 2017

Land Law should not Frustrate Making Investments in Agriculture Sector

“It is important that land law should not frustrate making investments in agriculture sector”, Michael Cowgill, president of American Chamber of Commerce in Georgia, told Business Course. The business sector is waiting for the basic law over the mentioned issue, where all details will be described, he said. “We are …

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Terabank Vake Branch Has Renewed According to the Financial House Concept

Another branch of Terabank has been renewed according to the concept of Financial House. The Vake branch has changed its location and now you can get banking services in a house-style environment on 33 Chavchavadze Avenue. ”My Financial House”-this is the communication message of Terabank, that is why the conditions …

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Artizani – Young Georgian Winemakers Sell Special Wines in Belgium

artizani

Artizani is a product created by 3 friends passionate for making natural wines. The product was introduced onto the market 2 years ago and it has already penetrated the Belgian market. The company plans to introduce the wine to Denmark and Finland too. Our objective is to penetrate nontraditional markets, …

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Wineries Process 11 000 Tons of Grapes in Kakheti Region

As of September 8, wineries have processed 11 000 tons of grapes in Kakheti Region, including 3.8 thousand tons of Rkatsiteli, 5.2 thousand tons of Saperavi, 677 tons of Kakhetian Green. The region residents have received more than 9mln GEL from grapes sales. At this stage, the vintage coordination board …

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Economic Outcomes of Conflagrations

Valuable and viable ecosystem is very important for state economy. Healthy ecosystem,  development of natural resources, change in climate conditions, ecological environment  make influence on Economy of Climate. It should be noted that conflagrations generate significant impact on economic sustainability and social welfare of the country, both global and local …

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Climate Change and Biodiversity in Focus of the Media and Academics

More than 80 representatives of academic sector and the media took part in a series of workshops which aimed to promote the UN Conventions on Biodiversity, Desertification and Climate Change, and support their implementation in Georgia.   The workshops were organised by the non-governmental organization Georgia’s Environmental Outlook (GEO) with support …

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Ukraine, Georgia, Azerbaijan Railway Companies Ink Memo to Operate Ferries

Ukrainian Railways PJSC, Georgian Railway LLC and Azerbaijan Railways CJSC have signed a memorandum of cooperation, Ukrainian Railways said in a message, trend.az reported. The sides will jointly operate regular train ferry service for development of freight traffic along the EU-Ukraine-Black Sea-Georgia-Azerbaijan-Caspian Sea-Asia route with the use of ferries of …

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TBC Bank Expands GEL-denominated Loan Portfolio

TBC Bank Expands GEL-denominated Loan Portfolio

TBC Bank has shrunk dollarization coefficient in loan portfolio. Retail loans portfolio constituted 4.257bln GEL as of August 1 (H1/2017 – 4.216bln; +1% m.m). GEL-denominated loans portfolio has risen to 2.1bln GEL. Retail portfolio dollarization coefficient is 50.7% (01.06.2017 – 51.8%). Billion Loans 7.493 Including Retail Loans 4.257 Retail Currency …

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Company Anagi to Build New Terminal at Kutaisi Airport

Company “Anagi” participated and won the tender announced by the state. An agreement between LTD “Anaga” and “Union of Georgian Airports” was signed on the construction of a new terminal of Kutaisi International Airport, on August 31. The new Terminal will allow Kutaisi Airport to operate 6 flights simultaneously. Construction …

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