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Monthly Archives: December 2017

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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Georgian Dairy Industry on the Upswing

Growth in Georgia’s dairy industry is on the upswing, owing to an improving investment climate, good dairy farming conditions and strong demand for milk, cheese and other dairy products. Still, some obstacles remain. Many of the country’s dairy farmers lack specific technical know-how to produce safe and high quality milk. …

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How New Government of the City Plans Spend its Budget?

Last week the 2018 municipal budget bill was sent to the Tbilisi Council with significant amendments. As reported, the new Mayor recalled the 2018 municipal budget bill submitted by previous Mayor David Narmania from the Council. Contrary to the initial variant of the bill, the new variant has increased by …

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Toy Store Pepela Opens Its Biggest Flagship Store In Georgia

PEPELA LTD – a Tbilisi-based toy store chain which pioneered the first online toy store www.pepela.ge in Georgia – announced that company has opened new flagship store on 42 Rustaveli Avenue, in Merani Shopping Center (II floor). The new store is 9th store of Pepela toy store chain and it …

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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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