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Daily Archives: October 9, 2018

Georgia-Germany Business and Cooperation Forum

On October 9 the German city of Frankfurt is hosting Georgia-Germany Business and Cooperation Forum, which was organized by Government of Georgia, German Federal Ministry for Economic Cooperation and Development and UN Industrial Development Organization (UNIDO) as part of the Frankfurt Book Fair. The business forum was unveiled by a …

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Bank of Georgia Appoints New Communications Director

Giorgi Chlaidze has been appointed as the Director of Communications department at Bank of Georgia. According to the bank’s press office, Mr.Giorgi joined the company three years ago and was the head of operations. Prior to that, he had experience in marketing field and worked for two large companies: “GPI” …

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Co-Investment Fund Invests 21 million USD in Sighnaghi – Photo

A four-star hotel will be built in Sighnaghi as part of the Tourism Development Foundation of Co-Investment Fund. The hotel with 130 suites will combine spa and fitness centres, indoor and outdoor swimming pools, wine cellar, wine bar, top-class restaurant, lounge bar with 360-degree views and large conference hall. The …

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TBC to Appeal to the Court for Damaged Business Reputation

Vakhtang Butskhrikidze, General Director of TBC Bank, said at the press briefing on the allegations of Omega Group founder Zaza Okuashvili that the bank is going to appeal to the court for damaged reputation. “We collect documents and those who are required to be brought to court,” Vakhtang Butskhrikidze said. …

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Turnover in Georgian Sea Ports Dropped

Turnover in Georgian sea ports has plummeted. According to G&T, Over 2012-2017 cargo handled in Batumi (-46.6%) and Kulevi (-37.1%) decreased substantially, while in Poti (-10.9%) and Supsa (-2.8%) the decrease was moderate. On the positive note, containerization rate has been on the rise over the past several years, with …

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ADB Raises 2018 Growth Forecast for Georgia to 4.9%

The Asian Development Bank (ADB) raised Georgia’s 2018 growth forecast to 4.9% from the April estimate of 4.5% reflecting strong growth in tourism and robust investment after an increase in business and investor confidence. The growth forecast for 2019 is 5.0%, says the update of ADB’s flagship annual economic publication, Asian Development Outlook …

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Young Beekeper from Tsaishi Continues Beekeeping Tradition

Shako Karchava is 22 year old entrepreneur, the student is from the village of Tsaishi in Zugdidi. Young entrepreneur wanted to continue beekeeping traditions of the ancestors and to turn it into business. “I wanted to continue the tradition of ancestors. My decision is related to the involvement of young …

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Georgian State Electrosystem Participated in Bluberries Working Session in Munich

Georgian State Electrosystem participated in the consultation company Blueberries’s working session in Munich, Germany. The session was dedicated to the establishment of electricity markets in Georgia – day-to-day issues of preparation of balance markets. In partnership with Bluberries experts, the Norwegian company Nord Pool Consulting Consultants and representatives of the …

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