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Monthly Archives: May 2018

World’s Leading Design Company BergerABAM to Develop Anaklia Seaport Design

The world’s one of the leading designing and building companies BergerABAM has won international tender announced for preparing a detailed design for Anaklia deep-water seaport development. According to information from Anaklia Development Consortium, companies, which are included in the list of the world’s top 20 designing companies, have taken part …

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Profits of Commercial Banks Decline

The past three months have recorded a decline in profits of commercial banks. In April, net profits constituted 60 million GEL, down 15.5 million GEL compared to March and down 30 million GEL compared to February 2018. In April 2017 net profits of commercial banks made up 37.5 million GEL, …

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China to Assist Georgia in the Implementation of Psychiatric Clinic Project

According to the project, psychiatric hospitals will be built in Telavi and Senaki. The construction site of each hospital will be made in accordance with the agreement signed between the two countries on “Implementation of the Infrastructure Improvement Project of Psychiatric Institutions” and cover approximately 2230 sq.m. Each hospital includes …

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Zedazeni Launches Production of German Holsten Beer

Georgian Beer Company has launched production of German Holsten beer. The product appeared in distribution networks today, on May 21. “Genuine lovers of beer always expect novelties from our company. Starting today they are able to taste German premium beer and we believe this product will occupy special place in …

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Geostat: Unemployment Rate is Higher Among Men than Women

According to Geostat’s research, the unemployment rate is traditionally higher among men than in women. In 2017, the indicator was higher than 2.3 percentage points in men compared to the corresponding indicator of women. In addition, the indicator in 2017 increased by 1.8 percentage points in women compared to 2016, …

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Wizz Air to Perform Flights from Spain, France, Czech Republic, Italy and Greece

Wizz air georgia

Wizz Air airline has deployed the second A-320 modern airplane to Kutaisi International Airport to perform flight from Spain, France, Czech Republic, Italy and Greece. The airline will perform flights from Bucharest and Vienna too, Ketevan Aleksidze, director for Georgian Airports Association told the Commersant radio. “Besides the existing novelties, …

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Georgian and German Railway Companies Introduce Joint Project in China

Georgian Railway and German Railway have introduced a joint project at Transport Logistic China 2018, which was held in Shanghai, Georgian Railway officials report. The project calls for organizing multi-modal cargo shipping from Near East to China, Georgian Railway representatives noted. “The route of the mentioned project starts in Duisburg …

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Colliers International Prepares 7 Investment Proposals for Privatization Project

In agreement with the Entrepreneurship Development Agency-Enterprise Georgia under the Ministry of Economy and Sustainable Development, a global real estate services company Colliers International Georgia developed investment proposals for large state-owned properties in Georgia. The project covered seven properties at various locations including Akhtala health resort, Goderdzi mountain, Kobuleti and Libani spa resort. The project …

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The Future of Blockchain Technology in Georgia

Blockchain technologies are gaining momentum in Georgia. Only China and the USA surpass Georgia in currency mining. Despite this advantage, our society has a lot of questions about the nature of this technology. One part even associates it with financial pyramids. What is the real essence of blockchain Technology, and …

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