Home / 2018 / June (page 3)

Monthly Archives: June 2018

Well that Never gets Lost – Fully Presents GPS Wallets

Wallets startup Fully will offer innovative product to Georgian market. GRS wallet will notify users about their loss, which is connected to mobile app and sends signals in case wallet and mobile phone are too far away from one another. It also allows us to track it on any location …

Read More »

Innovations Regional Hub to be Launched in Telavi

The construction of innovations regional hub – technopark in Telavi is in active phase. Telavi Municipality Mayor Shota Nareklishvili and Head of Innovations and Technologies Agency Avtandil Kasradze visited the process of the construction of technopark. Technopark will be located in the center of the city, between the King Erekle’s …

Read More »

Philip Morris Reimagines Mad Men Life Without All the Cigarettes

Philip Morris Reimagines Mad Men Life Without All the Cigarettes

Philip Morris International Inc. doesn’t just want the people who see its ads to trade in their cigarettes for smokeless tobacco — it wants the people designing them to do it, too. The company, which sells Marlboros and other brands outside of the U.S., urged its ad agencies and media …

Read More »

Silk Road Group Starts Collaboration with Chapman Taylor

Silk Road Group Starts Collaboration with Chapman Taylor

Silk Road Group has completed negotiations with the leading global architects and masterplanners Chapman Taylor (https://www.chapmantaylor.com). The agreement provides for Chapman Taylor to work on the architectural concept and master plan as for the Silk Tower, so the entire Batumi Riviera project. Green landscaping will be the main focus for …

Read More »

Salaries for Bank of Georgia Top Managers

Bank of Georgia stakeholders have approved rules of payment of salaries to members of the supervisory board. Starting May 21, 2018 salary of the supervisory board members was determined in the following amount: Annual salary for the supervisory board membership (before tax deduction): Head of supervisory board– 210 313 USD; …

Read More »

Swiss Cammille Bloch Plans to Nut Plantations in Guria

Chocolate manufacturer Swiss company Camille Bloch is interested in investing in Georgia. The company plans to produce hazelnut in Guria and seeks land for plantations. The company also intends to introduce new technologies. Experts of Camille Bloch discussed details with Guria Governor Merab Chanukvadze and Lanchkhuti Municipality Mayor Aleksandre Sarishvili …

Read More »

Prime Minister Introduces Package of Structural Changes in Government

Prime Minister of Georgia Mamuka Bakhtadze has introduced a package of structural changes in the Government. At the briefing that was held at the Government’s Office, Mamuka Bakhtadze told reporters that the number of Ministries will be cut to 11 ones, including 1 office of State Minister. Mamuka Bakhtadze has …

Read More »

Loans Larization Coefficient Rose to 44.9%

NBG

Crediting volume of commercial banks (including loans issued to nonresidents) rose by 239.6 million GEL in May compared to April (+1.1%) and constituted 22.9 billion GEL as of June 1, 2018. According to National Bank of Georgia (NBG), in the same period volume of GEL-denominated loans rose by 89.3 million …

Read More »

ADB President, UNIDO Director General Discuss Deepening Collaboration

Asian Development Bank (ADB) President Mr. Takehiko Nakao and the United Nations Industrial Development Organization (UNIDO) Director General Mr. Li Yong met at ADB headquarters and discussed strengthened collaboration as ADB moves toward finalizing its long-term Strategy 2030. In their discussions, Mr. Nakao and Mr. Li emphasized the importance of …

Read More »