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Daily Archives: February 1, 2018

Three Quarters of Radio Stations in 2017

For any business company, advertising on radio becomes increasingly attractive, and this leads to many factors, including easy access to potential customers. Company IFM Research has been monitoring  following 7 radio stations since the beginning of 2017: * Radio Imedi * Radio Palitra * Fortuna * Fortuna + *Ar Daidardo …

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SOCAR: Report on Oil Products Market Contained Many Inaccuracies

Levan Giorgadze SOCAR

SOCAR has given its first comment to BM.GE about the Competition Agency is to start repeated exploration of oil products market. As reported, according to Court of Appeals, the case was returned to Competition Agency for repeated exploration. The SOCAR Georgia Petroleum director general noted that the decision passed by …

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Fitch Ratings Assign B+ to Silknet on Rating Watch Positive

Fitch Ratings has placed Georgian-based telecoms company JSC Silknet’s Long-Term Issuer Default Rating (IDR) of ‘B+’ on Rating Watch Positive following the company’s announced acquisition of Geocell, Georgia’s second-largest mobile operator. The ratings are likely to be affirmed at the current level of ‘B+’, with the assignment of a Positive …

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The wind power plant Generated 103 923 000 KWH

The electricity generated by the Kartli wind power plant in January of the current year and the electricity supply reached 7 123,340 kWh, which exceeds 723 000 kWh forecast for January. It should be noted that the energy generated and supplied from Kartli wind power plant since it’s launch day, …

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Pasha Bank Georgia Appoints New CEO Arda Yusuf Arkun

Arda Yusuf Arkun

PASHA Bank Georgia is pleased to announce the appointment of Mr. Arda Yusuf Arkun as CEO and Chairman of the Board of Directors as of February 1st, 2018. Mr. Arkun graduated from Hamilton College, New York in 1998 with a double major in Economics and Mathematics. Upon graduation he joined …

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Myway Airlines Aiming at Employing Georgian Citizens

Myway Airlines is established by Chinese investment, it is company’s priority to employee Georgian citizens. “This agreement was done from the very beginning, that every single position should be taken by locals, whether it is flight attendant or management. If there will be specific personnel needed that can’t be found …

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The Memorandum of Cooperation was Signed Between GITA and Israeli Company

The Memorandum of Cooperation was signed between the Innovations and Technologies Agency of the Ministry of Economy and Sustainable Development and the Israeli company “Frank Group”. Ambassador of Israel to Georgia Mr. Shabtai Tsur attended the signing ceremony of the Memorandum. The Memorandum of Cooperation combines the following issues: Sharing …

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More than 30 New Hotels Are Due to Open in Georgia

According to the 2018 January indicators, Enterprise Georgia has approved 38 projects as part of hotel industry development program. Total investment value of the projects exceeds 113 million GEL. The hotels will offer 1174 new suites in addition and create more than 1200 new job places.  Giorgi Chogovadze, head of …

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Georgia To Develop Cooperation in Trade, Agriculture And Tourism with Belarus

Georgia- Belarus

Belarus and Georgia will develop cooperation in trade, agriculture and tourism, Belarus’ Deputy Prime Minister Mikhail Rusy told the media after the meeting of the intergovernmental Belarusian-Georgian commission on economic cooperation on 31 January, BelTA reported. “Belarus-Georgia trade and economic relations and cooperation in the humanitarian, cultural and tourism sectors …

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