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Daily Archives: January 22, 2018

Chinese Investors Want to Grow Rapidly Renewable Forest Plantations in Georgia

Chinese Investors Want to Grow Rapidly Renewable Forest Plantations in Georgia

Chinese investors want to grow rapidly renewable forest plantations in Georgia. Business delegation and Forest Department of Jiangxi Province have submitted a plan at the meeting with executive director of Partnership Fund. It should be noted, that investors are interested in growing renewable forest plantations, processing of timber and manufacturing …

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Global Finance Recognized Bank of Georgia as the Best Trade Finance Bank

Global Finance Recognized Bank of Georgia as the Best Trade Finance Bank

JSC Bank of Georgia has gained the following recognition of Global Finance. The country’s leading financial institute has been names the Best Trade Finance Bank in Georgia for the second time. The editorial review board of the Global Finance magazine selected the winners based on inputs from industry analysts, corporate executives and …

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80% of Local Population Supports Construction of Nenskra HPP

80% of local population back a construction of Nenskra HPP, the Mestia District Governor Kapiton Zhorzholiani told the Business Morning. Local budget revenues have considerably increased, he said. “In 2017 the local budget received 2.2 million GEL from Nenskra HPP project and this amount is of vital importance for Svaneti”, …

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Rating of Commercial Banks in December

Rating of Commercial Banks in December

Consolidated profits of the bank sector exceeded 152.5 million GEL in December 2017. All commercial banks finished the month of December in profits, including Silk Road Bank. However, the latter bank’s annual losses constituted 495 555 GEL. The Georgian banking sector consists of 16 commercial banks, including 15 ones with …

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BLC Speaks out About Selective Approaches in State Procurement System

Aleksandre Bolkvadze, founder of BLC law company, talks about alarming tendencies in state procurement system. The company has explored the existing situation in 2017 and requested due information from state offices and Ministries. According to the research, all state purchases in terms of legal services have been carried out in …

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Meet with David Gogichaishvili within Startup Beats

Another meeting will be held in Technopark within “Startup Beats” on January 25, at 19:00. The guest consultant, trainer, founder of the course “Human Management” Davit Gogichaishvili. The guest will discuss about the necessity of innovation in the management, the challenges of Georgian innovators and difficulties as necessary ingredients for …

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Developers Should not Spare Funds for Construction Safety Norms

In his interview with the Business Morning Irakli Kilauridze, director general of Colliers International Georgia, talks about positive and negative tendencies on Georgia’s real estate market. He made emphasis on construction safety norms and their improvement mechanisms. Construction works supervision is one of the key directions for Colliers, Kilauridze noted. …

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