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Monthly Archives: May 2018

Nenskra Hydropower Plant is a Unique Project for Georgia

“The Partnership Fund” is constructing Nenskra HPP together with a Korean company, K-Water, in Svaneti, on the Enguri River tributary. Natia Turnava, Deputy CEO of the Partnership Fund, talks about Nenskra HPP potential. -Natia, what are your comments on the significance of an investor like K-Water is in Georgia? -“The …

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Summer Brings New Products from Ice Cream Companies

The ice cream business is gaining momentum for the coming summer. What products do ice-cream companies offer to clients for the summer season, what are their expectations in terms of sales, how competitive is the market and what are the challenges for these companies? Apparently, ice cream producers are beginning …

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Film Center to Pay $114 000 for Copying 11 Georgian Movies

Georgian National Film Center plans to pay $114 000 to take copies of 11 Georgian movies from Russian Federation. The procurement deal will be carried out under simplified procedures after the Center will receive consent from Procurement Agency. These films are owned by Cinema Foundation of Russian Federation. Georgian National …

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Government to Invites Companies to Launch Wine Exports to Thailand

Ministry of Environment Protection and Agriculture of Georgia has been working on implementing the plan agreed by Minister Levan Davitashvili and Thai colleague. According to the plan, Georgia should launch wine exports to Thailand. No specific decision have been taken yet, however, the parties continue active cooperation in this direction. …

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Residential Flats Transaction Volume Increased by 41% in Tbilisi

According to a snapshot carried out by global real estate services company residential flats transactions increased by 37% in Tbilisi in the first quarter of 2018 (Q1, 2018) compared to the same period in 2017. At the same time, the share of new-build flats was 60%, 6 percentage points higher …

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Mamuka Bakhtadze: Unfair Rules that Grow Poverty will Be Removed

Mamuka Bakhtadze

Over-indebtedness is one of the key factors of poverty growth, Minister of Finance Mamuka Bakhtadze told the news conference, where he overviewed details of the coming reform in the banking and finance sector. Excessive debts lower incomes of our citizens, he said. “Today we see that citizens who suffer from …

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Lowering Effective Interest Rate to 50% Cannot Control Interest Rates

archil_mestvirishvili

Lowering the effective interest rate to 50% cannot control interest rates, Archil Mestvirishvili, vice president of National Bank of Georgia (NBG) noted at the NBG event, where a new project about financial education was introduced. “One of the changes that will be submitted to the Parliament calls for lowering effective …

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Geological Science Conference Held at GTU with the Support of RMG

Today, the Fourth International Scientific Conference, organized by the Georgian Mineral Society, was opened at Georgian Technical University with the tagline “The strength of the geological field is a prerequisite for economic revival.” The main theme of the two-day conference, which brings together the 26 rapporteurs in the field of …

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Fourth Georgian Company Listed On LSE

BGEO

Bank of Georgia Group said the demerger of its investment business with Georgia Capital was completed on Tuesday. As part of the demerger, Bank of Georgia Group issued and allotted 9,784,716 Bank of Georgia Group Shares—equivalent to 19.9% of the Bank of Georgia Group’s issued ordinary share capital—to Georgia Capital …

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Wine Palace: The Colorful Hotel in the Center of Tbilisi

Hotel Wine Palace is just one year old, but has already gained a place among the best hotels of Tbilisi. Its rating on Booking.com is 9.4 and it is a favorite place for both foreign and local tourists. Wine Palace is located in the center of Tbilisi at the Sports …

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