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Monthly Archives: September 2018

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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Georgia Provides Attractive Business Environment for Foreign Investments

Nikoloz Gagua

Deputy Minister of Finance Nikoloz Gagua appraised indicators published by Geostat, national statistics service of Georgia. The 9.4% upturn in the first quarter of 2018 is an important positive figure, he said. “The last year registered record investment inflows and this was unprecedented on regional level too. It is important …

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TBC Appointed New Directors

Maria Luiza Kikonian and Tsira Kemularia were appointed as independent non-executive directors of TBC. In addition, both of them became member of the Bank’s Supervisory Board. Maria Luiza Kikonian has experience in working with various financial institutions, including  at Merrill Lynch, Azimut, Mediobanca, and European Bank for Reconstruction and Development. …

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Georgian Railway to Spend 10.5 million GEL on Safety Measures

Georgian Railway company plans to spend 10.5 million GEL on safety measures. The corresponding contract will be signed with LEPL State Security Special Service without tender. Under the agreement, State Security Special Service will safeguard facilities and material property of Georgian railway for a year, provide alarm system of ticket …

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Competition on Banking Market Shrinks Year to Year

The banking sector is the key and biggest segment in Georgian economy. Despite commercial banks are considered as locomotives of the state economy, criticism against crediting institutions has been growing over the past years. Georgian citizens express complaint in many directions, including against expensive credits, high commission fees and fines, …

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Adjara Group to Open Rooms Hotel at Kokhta-Mitarbi

“Adjara Group” opens 100-room hotel ”Rooms” in Spring 2019. The hotel will offer its guests a pool, restaurant, conference hall and event space. Valery Chekheria, executive director of Adjara Group, said that the construction of the hotel is in active phase. About $ 10 million will be invested in the …

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Hotel Mardi Plaza for quality leisure for family and business trips

In the Summer time most of the people go on vacation to the Sea, however Georgian Sea resort Batumi offers quality leisure and entertainment for those who are currently planning their holidays. September is called Velvet Season for sunbathing lovers and is the best time for spending family and business …

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Tbilisi to host Mountain Film Festival on September 29th

On September 29, the festival of mountain films will be held in Tbilisi. Visitors to the festival will have the opportunity to see the amazing expeditions and adventures of distant travels from every corner of the world travelers, authors, photographers and directors. The guests will be able to meet with …

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Georgian Wines Win 14 Medals at MUNDUS VINI 2018 Summer Tasting

14 Georgian wines have won top awards at prestigious competition Mundus Vini 2018 Summer Tasting, organized by German wine magazine publisher “Meininger Verlag”. The competition is held twice a year: In summer and before the ProWein exhibition. The summer awards were announced recently. Georgian wines won 8 gold and 6 silver …

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