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Monthly Archives: August 2018

Reuters Says After Trump Attack on Russia ties, Merkel Eyes Azeri Gas

“Castigated by U.S. President Donald Trump as relying too much on Russian gas supplies, German Chancellor Angela Merkel heads to Azerbaijan this week to discuss the development of a southern pipeline to deliver gas to Europe from the Caspian,” Reuters reports. The visit underscores Merkel’s openness to finding alternative sources …

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Georgia and Germany to Sign Agreements of 193 million EUR

Angela Merkel

“I paid my last visit to Georgia 10 years ago, when the ceasefire agreement was signed. 10 years have passed and I reaffirm my support to the territorial integrity of Georgia”, Chancellery of Germany Angela Merkel noted at the briefing of Government of Georgia. It is important that Georgia and …

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Georgia Capital Buys Rest of Winemaker Kindzmarauli Marani

Georgia Capital (BGEO Group) announced the buyout of the remaining 39.5% equity stake in Kindzmarauli Marani on Wednesday. The London-listed firm said that, following its acquisition in April, it held a 60.5% indirect interest in Kindzmarauli through a locally-established special-purpose vehicle. “Georgia Capital expects that the purchase of the minority stake …

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Georgian State Electrosystem and KfW Sign Grant Agreement

Sulkhan Zumburidze, head of the board of managers of Georgian State Electrosystem (GSE) and Olaf Simelka, director of the Caucasus representation of Reconstruction Credit Institute of Germany (KfW), have signed a grant agreement. The grant amount is 460 000 EUR that the Government of Germany has approved as part of …

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Georgian Silk Conferred Status of Intangible Cultural Heritage Monument

Georgian National Agency of Cultural Heritage Protection has conferred the status of an intangible cultural heritage monument to Georgian silk. Representatives of the agriculture research center and Silk Museum Foundation examined the materials and handed them over to the National Agency for Cultural Heritage Protection. According to the archive materials, …

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ART UP Gallery – Streets as a New Platform for Artists

Street is a powerful platform for reaching the public. Art Up Gallery founders know that public space allows artists to reach much broader audience than traditional galleries normally allow. Founder of the project Levan Geliashvili Eredeli discussed about supporting digital art and artists in Georgia with CBW: Please tell us …

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Expected Changes for Georgian Business if Turkey Starts Trading in Lira

Turkey ranks third among Georgia’s top exports markets, but it is leader in imports markets. According to Geostat, national statistics service of Georgia, Georgia’s exports in January-July made up 172 609.8 thousand USD, while imports from Turkey in the reporting period amounted to 829 158.4 thousand USD. This statistics proves …

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Turkey is the Most Popular Destination For Georgian Travelers

According to the survey conducted in Tbilisi in June, 2018, every third resident of Tbilisi (33%) has travelled abroad at least once. 27% of Tbilisi residents travelled abroad for personal reasons and 11% for business trips. The most popular destinations are Turkey (47%), Russia (36%), Germany (34%), Azerbaijan (23%), and …

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Solar Panels and Power To Supply to Over 100 Villages in Georgia

Solar panels and power supply to over 100 villages are considered by the Government of Georgia for joint funding with the United States Agency of International Development (USAID). Overall, 400 households will get power supply, who previously did not benefit of utility services. As noted by the Prime Minister of …

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