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Monthly Archives: December 2017

iTechnics Becomes Apple’s Authorized Reseller in Georgia

iTechnics became Apple Authorized Reseller in Georgia. Because of this change, company implemented re-branding  and now operates with a new name iTechnics, logo, corporate colors and etc. According to the head of marketing department, Irakli Kiria, customers of the company will now have Apple’s International insurance packages. In addition, as Irakli …

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Mamuka Bakhtadze: Revenue from tourism has doubled in the last 5 years

Minister of Finance Mamuka Bakhtadze emphesized the revenue received from tourism during his presentation of the 2018 state budget. In recent years, tourism has become one of the most important driving force in the Georgian economy and has become the key component of the current account expenditure, the revenues from …

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Liderfood Holds 35% of the Meat Products Market in Georgia

The Georgian company of meat products was founded in 2009. The idea of ​​establishment was to create a strong, modern Georgian company that would supply the market with quality meat products and compete both local and imported products. Initially the production began with about 10 of the classical meat products, …

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Capital Requirement for Commercial Banks Grows on January 1

Capital requirement for commercial banks will grow to 30 million GEL starting January 1, 2018. The first phase of the 30/40/50 million obligatory requirement will expire at the end of 2017. Increased coefficient of capital adequacy will be also introduced on January 1, for additional buffers created under various signs …

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United Nations Expects 4,8% Economic Growth in Georgia This Year

The United Nations expects 4.8% increase of the economy in Georgia, while in 2018-2019 the GDP growth rate is 4.3-4.3% – The new report of the UN Economic and Social Affairs Department says. The report says that 2017 global economy grew by 3%, which is a record since 2011. Experts …

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HARVARD to Use Public Registry Blockchain Project Analysis in Curricula

Georgia is one of the first countries, which has successfully used technological achievement of Blockchain in real estate registration. This fact has raised the interest of the leading Business School.Real estate registration transactions through integration into Blockchain has become safer, attainable worldwide and transparent. The Harvard Business School representatives are …

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