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Daily Archives: December 20, 2017

Forbes: Georgia is Ranked 52nd in the List of Best countries for Business

Forbes publishes annual rating of the best countries for business. Georgia is ranked 52nd this year. The position of Georgia went 9 positions down compared to the previous year. Forbes notes that the main driving force of Georgia’s economic activity is to produce agricultural products, including hazelnut, citrus and grapes. …

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All Media Baltics to Deliver Top-quality TV Reception via SES Video

All Media Baltics’ Pay TV subscribers will be able to enjoy the broadcaster’s channel package in HD quality, including its original premium TV channels, at 5 degrees East, following a multi-year capacity agreement announced by SES. Under the agreement, All Media Baltics will use several transponders of satellite capacity on …

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Citroen Georgia Has No Legal Relationships Between Automobiles Citroen SA

Automobiles Citroen SA makes official announcement regarding Citroen Georgia. “The company – “Citroen Georgia” cannot be associated with the Citroen brand due to there were no and there are no legal relationships between Automobiles Citroen SA and this legal entity. This particular legal entity was not and is not its …

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Kazakh Companies Interested to Buy Geocell

Kazakh Telecom, the state company of Kazakhstan, and VISOR Group investment company are expected to become new owners of Geocell. Based on its own sources, the Swedish media company writes that the Kazakh party is interested in purchasing a 100% stake in Eurasia assets of TeliaSonera, where Georgian and Moldavian …

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New Hotel to Open on Leselidze Street

In Old Tbilisi a new hotel will be constructed on Leselidze Street. The issue is of buildings located at Leselidze Street N3 and N5. Total space of the mentioned buildings is 1800 square meters. The hotel will be constructed by Aguna company. The reconstruction project calls for constructing buildings on …

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Georgia’s Foreign Trade Turnover Rose by 12.9%

In January-November 2017 Georgia’s foreign trade turnover rose by 12.9% to 9.563 billion USD. In total trade turnover, the exports constituted 2.439 billion USD, up 27% year on year, while the imports rose by 8.8% to 7.124 billion USD. In the reporting period, Georgia’s negative trade balance made up 4.684 …

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