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Daily Archives: March 19, 2018

Georgia’s Foreign Trade Turnover Rose by 16.3% in January-February

In January-February 2018 Georgia’s foreign trade turnover constituted 1 683.5 million USD, up 16.3% year on year, according to Geostat, national statistics service of Georgia. Including, exports constituted 446.4 million USD, up 25.5%, while trade imports marked 1 236.1 million USD, up 13.3%. Georgia’s negative trade balance in January-February 2018 …

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ChatBot for Business- TBC Bank Launches New Product to Support Businesses

For the first time in Georgia, TBC Bank offers innovative product- “ChatBot for Business” and allows companies to sell their product through Facebook Messenger. “ChatBot for Business” is a sales channel through which various company users will receive information about the desired product, company location and work hours in less …

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KULA to Open New Plant in Akhaltsikhe in Autumn

KULA cannery plans to unveil a new plant in Akhaltsikhe in autumn, the company marketing manager Gocha Archvadze told the Commersant. The new plant will make focus on production of bio products, namely, production of juices, he said. Production of bio products is a sophisticated process and it is related …

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Liberty Bank Joined Global Money Week

Liberty Bank held meetings at schools in three cities of Georgia: Zugdidi, Kutaisi and Ozurgeti in the frames of “Global Money Week”. The Bank’s regional branch managers presented students an interesting presentation aimed at raising financial education in future generations. “The aim of these meetings was to provide students with …

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Fitch Revises Georgia’s Outlook to Positive and Affirms at ‘BB-‘

Fitch Ratings-London-16 March 2018Fitch Ratings has revised the Outlook on Georgia’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Positive from Stable and affirmed the IDRs at ‘BB-‘. Link to Fitch Ratings’ Report(s): Georgia – Rating Action Report KEY RATING DRIVERS The revision of the Outlook to Positive reflects the …

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First Georgian Bicycle to Enter Market in June

Young bicycle lovers begin the serial production of the first Georgian bicycle. The bicycle project is already ready, the prototype is designed and the innovative bikes will enter the market in the first quarter of 2018. The project will be implemented by Georgian Bicycle Group, a subsidiary of bikes.ge. The …

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Jazeera Airways Launches Regular Flights to Tbilisi in Summer

Kuwait low-cost airline “Jazeera Airways” will start regular flights to Tbilisi starting from June,stated Ketevan Aleksidze, director of the Georgian Association of Airports of Ministry of Economy and Sustainable Development. According to Keti Aleksidze, negotiations with airline Jazeera was underway since March 2016. Kuwait Airways plans to launch the aviation …

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Saperavi Wines Contest in Kiev

 16 Saperavi wines participated in recent competition of Saperavi wines in Kiev, Ukraine. The competition organized by Dmitriy Sidorenko School of Sommelier took place at Saperavi restaurant. Professional jury judged at the tasting. The table of results follows: 1 Duruji Valley Qvevri 2013, Ardatrading 2 Vismino 2014, MB Ukraine 3 …

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