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Monthly Archives: February 2018

TAV Negotiates with Government to Expand Batumi Airport

TAV Georgia is negotiating with government regarding expanding Batumi Airport. ”We have negotiations with the government regarding Batumi, this is long-term and short-term negotiations: short-term plans are implemented Batumi airport infrastructure this year, which will allow us to get the 2018 year without any problems and pass the number of …

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United Colors of Benetton Returns to Georgian Market

United Colors of Benetton Returns to Georgian Market. The shop will be located in a shopping center”Galeria Tbilisi” on the first floor where the repair works are almost completed. The store will present all three lines – women, men and baby clothes, as well as accessories and shoes. “United Colors …

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Data Protection Forum Takes Place in Georgia

On February 22, the Data Protection Forum will be held in Tbilisi Hotel Museum, which will be attended by representatives of Latvian and Georgian businesses and government representatives. “Within the framework of the cooperation with the EU, in Georgia, on May 25,  the General Data Protection Regulation (GDPR) will enter …

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Georgian Citizens Spent 112 Million GEL Abroad in January

Georgian Citizens Spent 112 Million GEL Abroad in January

Georgian citizens spent 112 million GEL abroad. Transaction via plastic cards are increased by 23% y-o-y (01/2017 – 91 million). Envisaging exchange rate effect, the growth is 34%. GEL is strengthened by 6% against USD y-o-y. Cash withdrawals from the ATMs amount to 11 million USD from 45 million USD …

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Rehabilitation of Historic Houses Starts in Abastumani

Rehabilitation of Historic Houses Starts in Abastumani

Rehabilitation of historic houses starts in Abastumani. Two companies will make restoration of historic buildings in the resort; one is Georgian “Ersimedi” and the second – Polish “Kamaro”.  These companies participated at the tender as a joint company and defeated 5 competitors. They have gained a contract of 3.7 million. …

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Government to Exempt Maintenance of Airplanes of VAT

Maintenance of airplanes will be exempted from VAT as part of the initiative Minister of Finance Mamuka Bakhtadze unveiled to reporters after government meeting on February 21. “We plan to exempt maintenance services for airplanes from VAT. We would like to remind you that this is a very important component …

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Development of Fiber Optic Cable of Europe-Asia is Considered via Georgia

Development of Fiber Optic Cable of Europe-Asia is Considered via Georgia

Georgia and Turkey will discuss development of Europe-Asia fiber-optic cable highways. Dimitri Kumsishvili raised the initiative with the Turkish counterpart. “Development of fiber-optic cable networks of Europe and Asia via Georgia and Turkey is one of the priority issues in our countries’ agenda”, – Ahmet Arslan, First Vice Prime Minister …

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Puma and Nike Factory Opens in Poti

A new garment factory of “Adjara Textile” will be opened tomorrow in Poti, where 3 thousand people will be employed. As the financial director of “Adjara Textile” Gia Lominadze, 40 million GEL of Turkish investment will be allocated. The famous brands like: ” Puma “,” Nike “,” New Balance “and” …

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