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Daily Archives: April 2, 2018

Innovative Milky-white Wine to Launch at Tbilisi Art Fair

Authors of new Georgian wine brand “Rdziani Gza” (“milky way” in Georgian) decided to take the notion of white wine to its extreme, creating wine which is literally white in color. “This innovative wine is a creation of winemakers, designers, and microbiologists, who worked together to produce this product with …

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Space-saving and Transformable Furniture from Georgian Startup – Smart Home

smart home

Smart Home, space-saving furniture manufacturing company, launched operation 2 years ago. Five friends have founded the company with joint capital. In December 2017 the company obtained a Startup Georgia grant and soon the company increased output. Irakli Abuladze, Lasha Surguladze, Erekle Shkubuliani, Giorgi Kesanashvili and Givi Jashi were university course …

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Quantity of Hotel Beds for Tourists in Georgia

The majority of hotel beds for tourists is recorded in Tbilisi, the capital city of Georgia. The due indicators were published by National Tourism Administration of Ministry of Economy and Sustainable Development. According to the Agency, there are 17 956 hotel beds in the capital city. Adjara Region ranks second …

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Surprise Result for PMI in New Zealand iQOS Case

Surprise Result for PMI in New Zealand iQOS Case

If you follow the news on heated tobacco products you’ll probably have noticed that Heat not Burn hasn’t been having an easy ride in every market. Despite the spectacular success of iQOS in Japan, where it’s now taken over more than 15% of the cigarette market in just two years, some governments …

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Research House London Requested to Create Illustrations Showing Georgia

Research House London requested designer Eldar Khalibauri to create illustrations of Georgia. Aim of the project was to promote the country in particular segment audience. As for the author, the most remarkable places in Tbilisi, the characters of Pirosmani’s works and other iconic characteristics used in illustrations are most associated …

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New HPPs are of Vital Importance for Power Sector Development

Georgia compensates a lack of natural gas, oil and small reserves of coil through imports, especially during the winter. As for renewable energy resources, the country has predominantly developed its hydro power resources. Recently, discussions have intensified about whether the country needs giant HPPs like Khudoni and Nenskra, and whether …

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Traffic Accident Fines Account for 5% in GDP

According to World Bank (WB), expenses after injuries and fatal outcomes of traffic accidents (lost revenues, medical, administrative and damaged property) made up about 5% in GDP in 2015 (738 million USD). “Traffic accidents bring extremely negative effect to state economy. It is possible to free resources for their productive …

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Ministry of Economy Divests Chiatura Manganese of Property

Ministry of Economy of Georgia has applied a law on property expropriation in relation to Chiatura Manganese. The decree by Minster Dimitri Kumsishvili has been already published at the Legislative Herald. The issue is of land plot, where speed train will run. According to the decree, negotiations for buying off …

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The Current Cost of Living Index is Deceptive

Cost of Living

The cost of living index is one of the key parameters reflecting the social-economic development of a country. Research and analysis of the cost of living is relevant for both developing and developed economies. According to Geostat, the national statistics service of Georgia, the cost of living for an able-bodied …

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EU, UNDP Help Link Business Development with Legislative Openness

Up to 60 representatives of business companies met members of the Georgian Parliament on 2 April 2018 to discuss how legislative openness affects business environment and offer some practical suggestions for Georgia’s third, 2018-2019 Open Parliament Action Plan. The meeting was organized by the Permanent Parliamentary Council on Open and …

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Georgia Has Great Potential As a Regional Hub of Innovation and Technology

nikoloz doborjginidze

Microsoft organized a large event on the topic of digital transformation. The event was attended by business leaders and IT department representatives. We talked with Nikoloz Doborjginidze, Country Manager, Microsoft Georgia. What are the main challenges of digital transformation in Georgia? Do you think that Georgia is keeping pace with …

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