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Daily Archives: February 6, 2018

ProCredit Bank’s Portfolio Dollarization Declines to 80%

ProCredit Bank's Portfolio Dollarization Declines to 80%

ProCredit Bank’s portfolio dollarization has declined to 80% (L/Y – 85%). Annual growth in GEL-denominated loans made up 52% (197 million in 2017 and 131 million GEL in 2016). Currency portfolio has declined by 7% (809 million in 2017 and 872 million in 2016). Revenues from loans have also declined. …

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SICPA Unveils Details of Agreement with Government

SICPA Unveils Details of Agreement with Government

In his interview with BM.GE news agency, the director of Georgian representation of SICPA, a Swiss company for electronic marking of strong drinks, has unveiled details of an exclusive agreement with Government of Georgia. We remember from the near past that ex Finance Minister Nodar Khaduri mentioned the agreement as …

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Peter Mac Nulty on Agritourism Development Plans in Mukhrani

Tourism Development International conducts the project ”Agritourism Development in Mukhrani”. As for the project details, significant potential exists for the development of Georgia’s agribusiness sector and specifically agritourism. Opportunities exist in hospitality and traditional food production, particularly for women and youth. Agritourism also offers farmers an opportunity to diversify their …

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Courtyard Marriott Hotel will host the Conference “Infrastructure Projects of the Millennium Challenge Account – Georgia – 2018” on February 7, at 11:00 pm.

Within the frameworks of the second, $140mln compact of the Millennium Challenge Corporation – MCC$ 68 million is being invested in educational infrastructure projects in Georgia. In 2018, the Millennium Challenge Account – Georgia, which implements the MCC’s Second Compact with Georgia, continues to rehabilitate public schools in the regions throughout the country, and …

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The Pataridzes’ Rachuli Goes On Sale in USA

Pataridze Rachuli

The Pataridzes’ Rachuli, exclusive wine made at the Pataridzes’ family wine cellar, are sold in California and New York, the USA. The company founder Shorena Pataridze told BM.GE that they have inherited winemaking technology form grandfather, who was winegrower and used to make traditional semisweet Khvanchkara. Descendants have enriched the …

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EU-backed Fashion House Pioneers Local Clothing Industry

On 5 February, EU High Representative Federica Mogherini welcomed Georgia’s Prime Minister Giorgi Kvirikashvili to Brussels to take stock of the progress made on the Association Agreement between Georgia and the EU. A key point on the agenda was the significant increase in Georgian exports to the EU over the …

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EU-Georgia Association Council concludes in Brussels

On 5 February, the EU-Georgia Association Council took place in Brussels. Both partners took stock of the progress made on the Association Agreement between Georgia and the EU. Following her meeting with the country’s Prime Minister, Giorgi Kvirikashvili, EU High Representative Federica Mogherini described relations between Georgia and the EU …

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Presentation of Qvevri Wine Held in The Cities of France

In several cities of France, wine professionals, media and business representatives got acquainted with the Qvevri wine and Georgian wine culture. With the support of the National Wine Agency, Qvevri wine producers participated in the exhibition of natural wines – “Les Penitentes” in Anzhe and “La Dive Boutteille” in Saumur. …

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Partymakers Startup Making Fantasies Come True

”Partymakers” entered the market one year ago, tending to bring festivity to parties and decorate numerous themed events. CBW had an interview Nino Rukhaia, Co-founder of Partymaker who shared more details of how they launched the startup and what they offer to customers.  How did you come up with the …

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