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Monthly Archives: October 2017

Kakhetian Traditional Winemaking to Open Store in Prague

KTW Georgia

Kakhetian Traditional Winemaking plans to open a store in Prague, Czech Republic, the company head Zurab Chkhaidze told Business Course. In 2016 the company set up KTW Europe subsidiary in Czech Republic, which supplies products to the Czech market. The new store will open in three months, he said. Advantage …

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Imereti Greenery Obtains GlobalGAP Certificate

Georgian company LLC Imereti Greenery has obtained a certificate of internationally recognized organization GlobalGAP. GlobalGAP certificate proves that the company produces high-quality food products in compliance with safety standards. The certificate transmission ceremony was attended by Dutch Ambassador in Georgia Jos Douma and Carrefour director general Phillip Pigilan. They stressed …

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Kakhetian Traditional Winery Enters Nuts Business

Kakhetian Traditional Winery -KTW enters nuts business. company has already purchased 200 hectares in Samegrelo, where nuts plantations will be arranged. Company founder, Zurab Chkhaidze stated at Business Course, that plantations will take a start in two weeks. Company Ferrero will support in this direction. Production will appear under new …

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Georgia Special Production to be Represented in Berlin

 Georgian product will be represented on exhibition held in Berlin, on October 19-21, with the name of ”Georgia Special”. The event will be organized by the Ministry of Economy and Sustainable Development of Georgia “Enterprise in Georgia”, Embassy of the Federal Republic of Germany, Ministry of Foreign Affairs of Germany, …

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Frank Group is Interested in Investment in Georgia

Large international investment group Frank Group discusses the possibility of investing in Georgia – the executive director of the company Elle Frank and Prime Minister of Georgia, Giorgi Kvirikashvili talked about the specific areas and investment opportunities at today’s meeting. The Head of the Government of Georgia introduced the representatives …

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Success Story of Blind Farmer from Adjara

lurja 2015

Lurja 2015 is a cooperative developed as part of EU-funded program of ENPARD. The cooperative is located in the village of Ochkhamuri, Kobuleti District. Several members of the cooperative are blind persons. Thanks to a grant, farmers in Adjara arranged strawberry and raspberry plantations and picked the first harvest in …

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Fruit Processing Plant Opens in Mtskheta

Caucasus Organic Fruits, a new fruits processing plant, has opened in Mtskheta. Total investments in the enterprise made up 1.7mln USD, of which state co-financing marked 250 000 USD, while 500 000 USD is a preferential agro loan. The company produces more than 50 tons of dried fruits of domestic …

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TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank’s ratio on retail deposits market has risen to 40.9% (Q2/2017 -40.2%). The growth in the third quarter marked 8.3%. Meanwhile, Bank of Georgia has increased retail deposits portfolio by 6.7% quarter on quarter. Liberty Bank’s retail deposits portfolio has risen by 0.9%, VTB Bank – plus 6.3% and …

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The EU Assists Georgia to Integrate Rural Development into National Policies

Up to thirty representatives of the Government of Georgia attended a working meeting of the Inter-Agency Coordination Council for Rural Development (IACC) on October 18, 2017 which focused on integrating rural development into the national policies of Georgia. Harmonization, coordination, synergy and complementarity in public policy-making and delivery were among the …

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Energy Efficiency Training Week in Tbilisi

The International Energy Agency (IEA) kicked off the EU4Energy Energy Efficiency Training Week in Tbilisi on October 16, 2017. The event brings together 150 participants from 11 countries across Eastern Partnership and Central Asia. The five-day programme, organised in partnership with Georgia’s Ministry of Energy, consists of five parallel courses …

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Menu Group Attracts 3mln USD for Boosting Regional Development

Menu Group UK Ltd has spread information about drawing 3 million USD investment for regional development. Key investors of the company are: Perea Capital Partners, Hayastan 1 and SOLventures. Levon Oganesian,the founder of Delivery Club, is one of the managers of SOLventures. Mail.ru Group bought Delivery Club for 10mln USD …

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