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Daily Archives: October 1, 2018

Ninth Meeting of the Investors Council Held in Georgia

Establishment of Commercial Chambers within Courts of Law and insolvency reform were discussed at the ninth meeting of the Investors Council, chaired by Mamuka Bakhtadze, Prime Minister of Georgia today. Focus was made on the judiciary reform and namely on the significance of Commercial Chambers to increase the flexibility and …

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Tourism Sector Revenues in January-June Made up 1.4 billion USD

According to National Bank of Georgia (NBG), in January-June 2018 Georgia’s revenues from international tourism made up 1.4 billion USD, up 305million USD in the same period of 2017 (+26%). Georgia’s revenues in 2017 made up 2.7billion USD. According to the current tendencies, the year of 2018 is expected to …

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30-Year Record – Vineyars in Kakheti Received 245 Million GEL Income

30-year record is broken, vineyards in Kakheti received 245 million GEL income, the Ministry of Agriculture speaks about the successful harvest in the region this year. The report released by the Ministry says that harvesting and revenue reached a 30-year record high. According to the statistical data, 180 thousand tons …

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Georgian Amber Wines are in Fashion in London

A group of British wine importers, journalists and wine professionals is  visiting Georgia. During the tour organized by the National Wine Agency contractor company “Swirl Wine Group”, British professionals are getting familiar with the following wine producers  in Imereti, Kartli and Kakheti: “Vartsikhe Marani”, “Winery Khareba”, “Natenadze’s Wine Cellar”, “Iago’s …

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Alternate Energy High-Tech Plant to be Built in Georgia

Acting deputy executive director of the “Partnership Fund” Giorgi Danelia signed a memorandum in the framework of the official visit of the Prime Minister of Georgia to the United States, according to which the construction of the first modern and sustainable energy high-tech enterprises in Georgia was planned. Memorandum of …

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TBC Bank’s Statement on Zaza Okuashvili’s Live to Yestarday

TBC Bank claims that yesterday’s statement of Mr. Zaza Okuashvili is not true and is an attempt to spread false information. The main importance for TBC Bank is customer trust and protection of all necessary rules and procedures that are linked to customer’s security. The Bank has a high degree …

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Georgia is Emerging Europe’s Most Economically-free Country

The Fraser Institute has published the 2018 world economic freedom report, which appraises the 2016 period of World Economic Freedom. The report comprises indicators of 162 countries due to various criteria, including – government size, simplicity in doing business, property rights and judicial system, as well as regulation burden and …

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Tbilisi City Hall to Examine Economic Potential of Capital City

Tbilisi City Hall plans to determine the most attractive investment economic fields, based on the economic potential research results. The report will cover economic condition of the capital city, analysis of economic sectors, unemployment level, employment indicator, economic potential of the population, as well as growth forecast due to economic …

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Vintage is Carried on Actively in Racha Region

The vintage process in the Racha region has entered the active phase. According to the data of September 30, 155 tons of grapes (Mujuretuli and Aleksandrouli) were delivered in Racha. According to Andro Aslanishvili, head of vintage coordination HQ, the vintage will be as successful in the Racha as it …

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