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Daily Archives: December 28, 2017

EU Transfers GEL 140 million to Georgia in Support of Reforms

The European Union (EU) has transferred GEL 140 million (EUR 48.1 million) of non-reimbursable aid to Georgia in acknowledgement of commonly agreed reform progress in 2017 in several sectors: Trade and business development Vocational education and employment Aagriculture Integration of internally displaced people (IDPs). Payments were also made for Georgia’s …

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Sakcable Ends Year in 15% Upturn

Sakcable company has finished the year of 2017 in 15% growth, including exports rose by 20%. The company director Edisher Mamaladze told BM.Ge that Sakcable plans to expand activities on exports markets and enter European market. “There are certain norms that should be protected by all companies, which plan to …

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Georgia Will Invest 1.7 billion GEL in Rural Development in 2018-2020

The Government of Georgia adopted the National Rural Development Action Plan 2018-2020 on December 27, 2017, following the earlier recommendations of the Inter-Agency Coordination Council for Rural Development of Georgia, chaired by the Ministry of Environment Protection and Agriculture. With the total budget of more than 1.7 billion GEL, the …

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Georgian Insurance Market – Industry Evaluates 2017 Year

The Georgian insurance market registers 16 operators. The industry representatives assert that competition is sharp. As a result, customers have access to various insurance products and services. At this stage, the 2017 financial indicators remain unknown. However, according to the official statistics of the Insurance State Office, in January-September insurance …

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Turkmenistan Expecting Investments from Georgian Companies

The State Migration Service of Turkmenistan hosted a meeting with Ambassador Extraordinary and Plenipotentiary of Georgia Giorgi Karalashvili, said the Migration Service in a message. The dynamics of Turkmen-Georgian migration relations is growing after the expansion of projects in the field of economic cooperation, which shows the possibility of increasing …

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Agro Solutions Names 5 Important Events in Agriculture Sector in 2017

Irakli Chikava, founder of Agro Solutions agro consulting company, noted that the year of 2017 was full of agro innovations. Namely, there were several important events, which have determined a general situation: Appearance of marmorated stink bugs, which have brought serious problems to Georgia and which is expected to worsen …

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Georgian Agriculture Sector in Review

Agriculture

  The Caucasus Business Week (CBW) has inquired how efficiently state programs were implemented in 2017 and how successfully the agriculture sector was developed in 2017. According to the state budget, 11 state programs have been financed by 628 892 000 GEL since 2013. The state budget has financed the …

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Ski Resorts are More Than Ready To Meet New Season

Georgia is waiting for numerous tourists for winter season. Ski resorts have met the season absolutely ready. Mr. Aleksandre Onoprishvili, Director of Ltd “Mountain Resorts Development Company”, talks about the new components at ski resorts for this winter season. – What are the ski resort novelties for the 2017 winter …

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We should Make Georgia a Regional Center of Athletic Tourism

SOCAR Reduces Georgia's Dependence on Russian Gas

“We should make Georgia a regional center for athletic tourism, even more so the interest in our country irreversibly grows”, Prime Minster Giorgi Kvirikashvili told a government meting. More than 7 million visitors arrived in Georgia in 2017 and tourism sector has become one of the fueling directions in our …

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