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EUGBC Suggests Create Monitoring Commission on TBC Bank’s Case

EU-Georgia Business Council (EUGBC) issued an official statement in regards to TBC Bank case. EUGBC expressed its support for TBC by stating that it is a company which has achieved a significant success.  EUGBC has also suggested to create a monitoring commission of the business representatives composed by 8 members …

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Wood and Furniture Market Overview

According to National Forestry Agency, the total area of Georgian forest fund as of April 2015 is 2.8 million hectares, or 40% of the territory of the country. This is quite a high figure as the world average is 27% and for Georgia neighboring countries it equals to 15%. From …

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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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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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Tbilisi to Host Startup Grind International Conference

Georgia will host the Global Startup Grind conference annually in the footsteps of San Francisco, London and Barcelona. Avtandil Kasradze, chairman of the Innovation and Technology Agency of the Ministry of Economy and Sustainable Development of Georgia, Derek Andersen, founder of Startup Grind, and Coleman Donahu, the representative of Startup …

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Georgia’s New History in 30-year Biography of ARCI (Part III)

The stories that ARCI company has passed through reflect the 30-year history of Georgia. These stories are full of admiration, bravery, doubts, fear, risks, devotion, misery, feeling of despair and achievements – ARCI has turned 30. When the company made the first steps, architect Irakli Rostomashvili, the founder of “Arci”, …

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Gulf Company to Care for Street Dogs

GULF company has decided to arrange special infrastructure – kennels for homeless dogs at 20 refueling stations. The kennels will be made of special material fitting the winter conditions. Moreover, the company will also provide food and full veterinary services for street dogs. Nincho Jibladze, GULF vice president: At this …

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PwC Georgia Academy and CIPD Unite to Offer Exclusive Training Programs in Georgia

PwC’s Academy, the learning and education business of PwC and CIPD, the professional body for HR and people development, are pleased to announce the launch of the two ‘premium’-type professional qualifications programmes – Certificate in Human Resource Practice (CHRP) and Certificate in Human Resource Management (CHRM). The CIPD programme’s unique …

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Georgia Meets Pension System Reformation Unprepared

The government of Georgia has launched a partly-mandatory contributory superannuation system on January 1, 2019. The Parliament adopted the due law on July 21, 2018. After system enforcement, the special pension fund will manage the savings of Georgian citizens. The aforementioned money will earn a certain yield, and Georgian citizens …

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