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Daily Archives: February 20, 2019

Statistics: Distribution of International Visits by Main Purpose

National Statistics Office of Georgia (Geostat) published new report on inbound tourism statistics in Georgia. According to the report, 498 000 visitors entered Georgia with the purpose of shopping. This indicator constitutes to 6.9% of overall number of visits by international non-resident travellers. Geostat reports that the visitors have spent …

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Competition on Borjomi Park concept Announced

Competition for the development of the concept for Borjomi Central Park was announced. According to the municipality, the main goal of the competition is to maintain and develop the historical and cultural functions of the park. According to the official documentation, the concept should include: long-term vision of the development …

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Crystal Attracts 10 million GEL Investments

Crystal company has signed a memorandum with DWM (USA) and Incofin/AGRIF (Belgium) international investment funds. As a result, the company will receive 10 million GEL investments in addition. Objective of the investment is to implement the strategic plan of Crystal company and ensure its institutional development by upgrading service standards …

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Russia-occupied Abkhazia to Receive Electricity according to the Schedule

For the purpose of preventing Enguri HPP suspension, today, on February 20, electricity supply will be ceased to Russia-occupied Abkhazia from 12 o’clock to 15 o’clock. Levan Mebonia, head of the board of directors of Enguri HPP, told Business Morning that the mentioned restriction enables to save 1.100 million kw/h …

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BDO Appraises Efficiency of Enterprise Georgia Program

BDO company has prepared a report on efficiency of financial accessibility and technical assistance components of the Enterprise Georgia program. The report was prepared by order of Enterprise Georgia agency of Ministry of Economy of Georgia. A total of 100 beneficiaries were selected for the research process. At least 2 …

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Georgia’s Foreign Trade Totaled $ 826.8 Million in January

In January 2019, Georgia’s foreign trade turnover (without undeclared trade) amounted to USD 826.8 million, which is 1.2 percent more  than in the previous year. Exports amounted to $ 238.8 million (7.2 percent more) and imports amounted to $ 588.0 million (1.1 percent less). Sakstat reports that Georgia’s negative trade …

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Barambo set to Enter Chinese Market in Fall

In the autumn of 2019 Barambo is set to  enter the Chinese market – “Commersant” was told at the company. According to Barambo, the agreement is reached, but work on the final contract is still underway and after  all the details are clarified, the Chinese company will be publicized. The …

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