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Daily Archives: December 13, 2017

Tbilisi Mayor Introduced Investment Projects to Businessmen

Tbilisi Mayor Kakha Kaladze introduced investment projects to members of Business Association of Georgia. Kaladze told reporters after the meeting that Old Tbilisi historical part rehabilitation project is also included in the presentation for the private sector. “This is a vitally important project for our city, because we have a …

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Waste Management Inaugural Project Underway

Waste management inaugural project will be implemented on several streets in Tbilisi. The information was unveiled at the Tbilisi government meeting. Tbilisi Vice Mayor Maia Bitadze noted that the inaugural project has been prepared and wastes disposal will be carried out under the new scheme at night. The list of …

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Price for Cutting Green Plantation to be Increased

The compensation price for cutting green plantation will increase several times – Tbilisi Mayor Kakha Kaladze said at today’s government session. He assigned his deputy Maia Bitadze to prepare the relevant draft law. According to Kakha Kaladze, the amount of compensation for one tree cut is 700 GEL, “which is …

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Work and Travel Program New Opportunities for Georgian Students

staracademy

Interview with Lali Jokhadze, manager at StarAcademy  Talk about your organization. How did you came up with idea of creating one, when did you start, who are founders and so on? -The company founder and director is Mr. Revaz Uturgauri. He is also founder and director of Sky Travel tourism company, …

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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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