The Rustavi Metallurgical Factory exported its own brand of seamless pipes to the US market. 1000 tons will be sent to the largest export market on November 25. Company aimed at international market with its own brand two years ago. It required permanent and intensive work of company management, sales …

Over the past 2 weeks continuous cyber attacks are being carried out on various segments of Magticom Internet network, the company statement reads. “Magticom has a well protected network and upon detecting cyber attack signs the company technical staff has enhanced security mechanisms. A part of Magticom subscribes had an …

Construction of the cable car connecting Kazbegi and Gudauri has started. Company ”Color” is implementing a project by order of “Municipal Development Fund”. As a result, a 7,5 km rope will be arranged at the Kobi-Gudauri section, which will enable to reach Gudauri in 15 minutes. Lasha Iordanishvili, executive director …

Welcome to Georgia! National Tourism Awards is the Annual Awards Ceremony, which is held in Georgia for the field of tourism and hospitality since 2015. The main mission of the project is to encourage tourism and hospitality industry in Georgia and promote the awareness of the high-achieving tourism business and …

EEA Real Estate Forum & Project Awards 2017 — the Forum and the Award for projects in the real estate to countries of Eastern Europe is going to be held on November 23 in Kyiv, Ukraine. Caucasus Business Week has talked with Irakli Kilauridze managing Director of Colliers International Georgia …

The 20th anniversary Tbilisi Jazz Festival closed yesterday at Tbilisi Concert Hall, performing Papuna Sharikadze, a Georgian jazz artist with special guest, bassist Eddie Gomez. During the concert, the young Georgian musician accompanied Eddie Gomez along with well-known hits, as well as Megrelian ”Nana”. Legendary Stanley Clarke performed on the …

In October the inflation level rose by 0.8% month on month, while annual inflation rate marked 6.4%. According to Geostat, national statistics service of Georgia, the inflation indicator was shaped by changed prices in the following product groups: food products and soft drinks: the group prices rose by 1.6% and …

When appointed as the National Bank President, Giorgi Kadagidze sharply criticized commercial banks and blamed them for frustrating economic development. However, the time passed and Kadagidze has never dared anymore to make sharp statements in relation to commercial banks. We have not heard sharp statements from the current president of …

Ministry of Finance and Economy of Ajara announces an auction on the former building of the National Bank of Batumi and its surrounding inventory once again. In total 2623,4 sq.m of non-residential space owned by the Autonomous Republic of Adjara, In Batumi. The electronic auction will be announced on 40% …

The program “Horizon 2020” allocates 2.2 billion euros for clean energy projects in four interconnected areas: renewable energy sources, energy-efficient buildings, electric power and storage facilities. It also includes 200 million euros to elaborate and produce next generation electric batteries that will play an important role in reducing dependence on …

Georgia has received World Bank funding for the third project of regional development (RDP III). A part of this financing will be used to adapt Mtskheta Cibema building to the Archaeological Museum. The Ministry of Regional Development and Infrastructure has announced tender on construction works. The state procurement is announced …