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2 Million GEL Was Raised for Startups Within Startup-er Program

TBC Bank Program Startup-er sums up 5 months results. Since the beginning of program, 50 startup-er took advantage of Startup loan and 2 million GEL have been issued to support the amateur businesses.   The startups involved in the program operate in different fields: construction sector, shoes and clothing, agriculture, …

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ICC to Send Official Warning to about 6 million International Investors

Fady Asly: When You Kill Me, Other Fady Aslys will Arise against Your Crimes

ICC chairman Fady Asly plans to send an official letter to about 6 million investors, members of International Chamber of Commerce (ICC). The letter will describe the threats that exist before business commencement in Georgia. Fady Asly told the Analytics that tens of domestic and international business companies suffer from …

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Renewed Sheraton Metekhi Palace in Pictures

Sheraton hotel

Country’s one of the largest investor company “Rakia” finishes renovation of hotel Sheraton this Autumn. As for the representatives of the company, the exact opening date is still unknown. The Sheraton Metechi Palace, Tbilisi’s iconic five star hotel, is to be dramatically transformed by a major investment which will allow …

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Who Are Your Business Angels?

Small and medium-sized business require funding, especially at the early stages. The main source of financing is usually non-formal investors such as friends, family and so-called “business angels. In the United States, 55%-72%  of “business angels” mostly invest in start-ups or at the earliest stage of development. The same situation …

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CEFC to Be the Largest Chinese Investment in Georgia

”The foundation of the Bank in Georgia by CEFC will be the largest Chinese investment”said Ambassador in China, David Apciauri  to Commersant during Ambasadorial 2017. As it is known, the signing of the Declaration on the Establishment of the Development Bank of Georgia took place in May of this year …

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Nagomari Tea House Will Add Healing Ingredients to Tea

Nagomari Tea House is one of the significant organization in Agricultural field of Georgia. CBW had an interview with Chairman of Cooperative Nagomari,Nana Kirmelashvili.   When did you begin producing tea, where are the plantations? We started producing in 2015. Plantations are located in Ozurgeti region, village Nagomari, that’s where …

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New Energy Drink BUGA Appears on Market

Another Georgia energy drink Buga, to appear on the market from August 2017, the product will be produced locally. According to the company, at the first stage they are reviewing export countries, such as Turkey and Azerbaijan, but the expansion of the additional export area will be discussed in the …

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Ural Airlines Launches Flights From Moscow to Tbilisi

Ural Airlines Launches Flights From Moscow to Tbilisi

Russian Air Company Airlines will start flights from Moscow Zhukovsky Airport to Tbilisi on August 5, – press service releases the airline’s report. The Civil Aviation Agency of Georgia states that Ural Airlines will fly four times a week. The cost of air ticket will be 64 EUR (one way), …

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The Partnership Fund to Complete the Construction of Hotel “Radisson Tsinandali” by the End of the Year

Kenneth Angell, Managing Director of the United States Government Development Financing Institute OPIC is visiting the Partnership Fund.

Kenneth Angell, Managing Director of the United States Government Development Financing Institute Overseas Private Investment Corporation (OPIC) is visiting the Partnership Fund. David Saganelidze, Executive Director of the Fund has discussed ongoing joint projects and long-term future cooperation issues with Kenneth Angell. The sides discussed the project “Radisson Tsinandali”, which is implemented …

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