Daily Archives: September 25, 2018

Business Week Summary – World News

Huawei Celebrates 10 Million HUAWEI P20 Pro & HUAWEI P20 Units Sold Globally Huawei Consumer Business Group (BG) announced that it has sold 10 million units of HUAWEI P20 Pro and HUAWEI P20 in the first five months, empowering photography enthusiasts globally to take stunning photos with their smartphones. Small …

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Lead Content in Tbilisi Atmospheric Air will Be Monitored Every Week

National Environment Agency plans to broaden the space for monitoring lead content in atmospheric air. Specialists have taken air samples at 4 locations in Tbilisi (Rustaveli, King Tamar and Kazbegi Avenues and Gldani First micro district) through special devices. The samples were sent to the laboratory of National Environmental Agency …

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Bitcoin’s role in Georgian economy

Georgian digital ecosystem is represented by miners, start-ups, infrastructure projects, programs supporting digital involvement, diverse digital products and services, growing incomes of Internet market, and increase of employment. There are 329 organizations engaging in the e-communication field in Georgia. Their incomes are more than 1.3 billion GEL.  Revenues in the …

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Sportswear Multibrand Store AW LAB Opens in Georgia 

AW LAB is a laboratory of urban sportswear style, which offers fashionable sportswear and clothes collections, which inspire customers to shape their own style. AW LAB was founded in 1997 under the brand name of Athletes World. At this stage, the network unites more than 200 stores in Europe and …

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Pharmaceutical Market Insight from Experto Consulting

Short overview of the current situation, main players and the opportunities of the Georgian Pharmaceutical Sector Georgian pharmaceutical sector is a dynamic, rapidly growing market benefiting from an easy business environment. Since 2010, the pharmaceutical product registration procedures have been greatly simplified with Seven-day recognition registration procedure in case when …

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Price Index of Construction Works Grows by 4.3% Quarter on Quarter

Price index of construction works has increased by 4.3% quarter on quarter, mainly due to growing employment in construction sector. Averaged monthly nominal salaries rose by 13.9% and their effect on the total index constituted 3.53%. In the reporting period prices rose by 1.3% on construction materials, by 0.5% on …

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National Bank Simplifies Crediting Procedures for Physical Bodies

National Bank: Impact of External Shocks Decline

Clients to Get Services of Revenue Service and Public Registry under Single-window Principle at Commercial Banks. A joint project by National Bank of Georgia (NBG), Government and Revenue Service ensures an exchange of information on borrowers. The document  will come into force in October 2018. According to the NBG, for …

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Pip Oil Processing Plant Opens in Velistsikhe

A pip oil processing plant has opened in the village of Velistsikhe, Gurjaani municipality. Ukrainian company Eco Georgian Group has made investments of 1 million GEL in the plant, which is equipped with cutting-edge machineries. This year the plant will produce 3 000 tons of grape Chacha to manufacture 55-60 …

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Salome Gvelesiani: Innovation Forms very Fast in Public Relations Field

Interview with Salome Gvelesiani, Marketing Communications Manager of Agrohub. Why did you decide to enter this field, and what kind of opportunities does this profession give you? I haven’t made any specific decision like: ‘’I’m going to be a PR Manager’’. When I was starting out studying, I haven’t even …

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National Bank to Enforce New Loan Regulations Ahead of Schedule

Revised loan coefficients will be specified at the next meeting of National Bank of Georgia on November 21. Under new regulations, borrowers are to have higher salaries for taking loans. Monthly Net Incomes in GEL Loan Service Coefficient – Maximum Indicator for Nonhedged Borrowers Lona Service Coefficient – Maximum indicator …

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