Daily Archives: September 12, 2018

Use of Plastic Bags to be Gradually Prohibited from October 1

From October 1, 2018, it is prohibited to manufacture, import and sell less than 15 microscopic plastic bags. From April 1, 2019, it is prohibited to manufacture, import and sell plastic bags of any size and thickness. Production, import and realization of only biodegradable and compostable parks of any thickness …

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Importers From The US Are Getting Familiar With Georgian Wine

A group of US wine importers have visited Georgia, headed by the founder of the National Wine Agency contractor marketing company “Marc Energie Consulting”, Julie Peterson. According to Julie Peterson, the goal of the visit is to increase the import of Georgian wine in the United States. At the beginning …

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Government will Strictly Regulate Cannabis Production for Exports Purposes

Government of Georgia will strictly regulate hemp growing for exports purposes, Prime Minister Mamuka Bakhtadze noted at today’s briefing. “Cannabis consumption in a private sector is not punishable any more. When this court decision was published, I instructed the Interior ministry to develop a new bill. The bill will be …

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Georgia to Build 195 New Power Generation Facilities

A total of 195 new power generation facilities will be constructed in Georgian power sector. Total investment value of them makes up 11.1 billion USD, the government’s report submitted to the parliament reads. According to the document, 52 power stations are at the stage of licensing and construction. Presumable installed …

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Kazakhstan Oil to Flow through Georgia Soon

Transit of hydrocarbons through the territory of Georgia from Kazakstan will start soon.  Director of GR Transit, Davit Chiradze told BM.ge. According to him, the agreement between the parties will be signed at Argus Conference today. As Chiradze explains, the volume of the new oil pipeline will be 200 000 …

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One of the Most Expensive Directions of Medical Business – Surrogacy

Official statistics do not exist about children born through “in vitro fertilization” (surrogacy) in Georgia, but if you believe clinics, Georgian and foreign stakeholders often use this service.   The cost of surrogate mother service in Georgia starts from $ 10 to $ 15,000. As the practice demonstrates, the costs for …

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TBC Business Awards 2018 is Back with New Nominations and Prizes

TBC Business Awards in 2018 returns with new nominations and prizes. Together with the four well-known categories, two more new nominations are available: “Female Entrepreneur” and “Business for Positive Influence”. 2018 nominations are: Business of the year Georgian product of the year Tourism business Year’s female entrepreneur Startup Business for …

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New European Destination from Tbilisi International Airport

From October 28, My Way Airlines will start to operate flights on the route Tbilisi-Budapest. Flights will be performed three times a week on Tuesdays, Thursdays and Sundays by Boeing 737-800 type of aircrafts. TAV Georgia is an affiliated company of TAV Airports Holding. It started its operation in Georgia …

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Mamuka Bakhtadze: We must Focus on the European Market

At the Tbilisi International Conference organized by the McCain Institute and the Economic Policy Research Center, Georgian Prime Minister Mamuka Bakhtadze emphasized in his reply to a question about Georgia’s role in the modern world that we must focus on the European market because the EU is our major trade …

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Regional Factory of Swiss Company Stadler to be built in Georgia

Peter Spuhler, CEO of The Swiss company  Stadler is paying a visit to Georgia. The world’s leading train manufacturer company had a meeting with the Director General of “Georgian Railway” Davit Peradze and Vice-Mayor of Tbilisi Irakli Khmaladze. It was noted at the meeting that construction of Stadler’s regional enterprise will …

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