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Daily Archives: November 7, 2017

Bank of Georgia Capitalization Rises by 100mln GEL

Bank of Georgia Capitalization Rises by 100mln GEL

Bank of Georgia shares (BGEO LN) was traded at 35.01-35.92 GBP at London Stock Exchange (LSE). The price rose by 1.47% week on week and by 10.32% month on month. According to G&T analytics, deals were made on more than 351 000 shares a week (61 000 shares a day …

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TBC Bank Capitalization Rises by 55mln GEL

TBC Bank Capitalization Rises by 55mln GEL

Price of TBC Bank shares (TBCB LI) rose to 18.17 GBP. The last trading session was closed by 17.41 GBOP (+0.74%w.w; +3.03%m.m). Deals were made on 90 000 shares. Over the past 4 weeks, daily deals were made on 29 000 shares on average. TBC Bank market capitalization constitutes 921.5mln …

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Silk Road Group To Construct Silk Tower in Batumi

Together with the Co-Investment fund Silk Road Group will construct Silk Tower in Batumi  instead of Trump Tower. Construction of $250-million Silk tower is due to start from 2019 year. The first stage of the project includes constructing of the Silk Tower and organizing of a yacht club and adjacent infrastructure. …

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Georgia’s Major Wine Exports Markets

In January-September Georgian winemaking companies exported 61mln bottles of wines to 50 countries, up 59% year on year. Total value of the exports amounted to 134.6mln USD, up 52% as compared to the same period of 2016. According to National Wine Agency, exports have risen in the following countries: China …

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Canadian Winemaker Uses Metallic Qvevri To Produce Wine

Gavin Robertson

Winemaker Gavin Robertson at Niagara College Teaching Winery in USA is using wine technology resembling that of Georgian qvevri to produce “Orange wine” of Sauvignon Blanc. The difference is that instead of millenia-old traditional use of clay, the modern vessels are made of steel, Hvino reports. Gavin Robertson says: “At NC Teaching …

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Georgia Lacks For Transport Policy

vaso urushadze

Vaso Urushadze, executive director for HUB Georgia, noted that the transport control bill is being developed for 2 years, but the process has not been finished yet and the document has not been submitted to the parliament. The working process is protracted because the country lacks for transport policy and …

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First Online Barman Service Launches in Georgia

DAVLIOT.COM – Georgia’s first online barman was introduced into the internet space a week ago – on November 1 and it raised much interest among consumers. In his interview with Business Course, Shota Tsotsoria, co-founder of Davliot.com talks about the company services and its creation history. –Davliot.com is N1 online barman in Georgia. This …

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Internal Passenger Transportation Sector Remains beyond Control

The private sector has been long complaining about uncontrolled situation in internal passenger transportation field. In May 2017 Aleksandre Ianvarashvili, head of passenger transportation department of the Land Transport Agency, noted that an active job is being carried out for making amendments to several laws that would improve the uncontrolled …

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