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Daily Archives: December 25, 2017

ADB, Georgia Sign Loan for Tbilisi Metro Improvement Project

Last week The Asian Development Bank (ADB) signed a $14.27 million loan agreement with the Government of Georgia to upgrade and improve the Tbilisi metro, which currently benefits over 300,000 commuters daily. “The project will help meet the growing demand for reliable, safe, and efficient sustainable transport—a high priority of …

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An Year in Wine Review with Alexander Kaffka

2017 year in wine has been significantly successful this year. Alexander Kaffka, founder of Hvino Publications – specialized information resources on Georgian wine, reviews achievements of the mentioned field with CBW. Wine exports significantly  increased, which factor do you think caused this fact? I think we saw a lucky combination …

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Georgia to Export Pipes of Domestic Production to Azerbaijan and Armenia

Toti, a pipes manufacturing company, has expanded business and broadened an assortment of products. After expansion of business, the management plans to export 25% of total production to international markets, namely, to Azerbaijan and Armenia. As a result of expansion, the company will produce 3 538 080 kilograms of products. …

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How to Do New Year’s Holiday Like a Georgian

New Year’s time in Georgia is quite distinguished from any other countries. First of all, it feels infinite and the reasons or excuses to celebrate never runs out. You’ll be surprised to learn that we switch to holiday mood starting from December 17th- Saint Barbare’s day, followed by St. Nicholas …

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Assets of Commercial Banks Grow

NBG

As of December 1, 2017 the Georgian banking sector registers 16 commercial banks, including 15 ones with foreign capital in the authorized capital. According to the National Bank of Georgia (NBG), in November total assets of commercial banks of Georgia rose by 1.1 billion GEL (+3.2%) compared to October and …

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The 40 Best PR Quotes of the Year

During the whole year, we had interviewed PR specialists of 40 Georgian companies; It is the end of the year so, we’ve taken the time to put together a list of our favorite PR quotes of the year. PR is Complex of Human Features – Interpersonal Skills+ Management Talent – …

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Year of Economic Recovery – Key Economic Events in 2017

Georgian economy

After 2-year low economic growth, in 2017 Georgia’s GDP growth pace exceeded the planned indicator. It should be noted that in 2015-2016, along with currency crisis, economic growth in our country was under 3%. To be precise, GDP upturn in 2015 marked 2.9%, while the figure hit 2.8% in 2016. …

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Construction of Anaklia Deep Sea Port Started

Anaklia deep Sea Port

The 21st century’s major project for Georgia, which is the start for transforming Georgia into the country of transit, production, logistics and industry development – the Prime Minister of Georgia Giorgi Kvirikashvili assessed Anaklia Deep Sea Port Project at the construction start ceremony held today. According to the governmental administration, …

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