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Bitfury Group: We Have Used no Preferences and Privileges in Georgia

BitFury Group has released a special statement to answer allegations related to electricity price growth reasons: “BitFury Group reacts to the recent statements made by politicians. We would like to openly express an official position that BitFury company is a major global technology company (with about 1 billion capitalization). In …

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KTW to open Akhasheni Resort in February

Kakhetian Traditional Winemaking (KTW) to open a hotel Akhasheni Resort in the village Akhasheni, Kakheti in February 2018-GBC reports. Company is seeking for hotel personnel. In October of last year, the Bank of Georgia financed the DCFTA project. The hotel’s investment value is 2.3 million dollars. The hotel will include …

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Gurieli to Produce Bio tea

Tea production company “Geoplant”, which is presented under the name of “Gurieli” on the market, plans to produce bio tea. From 2018, the company will work in the direction of bio tea, and pay a special attention to the plantations in this regard. “This year we are going to think …

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37 Hotels to be Opened in the Framework of Enterprise Georgia

Hotels will be opened in Borjomi, Bakuriani, Gudauri, Poti, Ureki, Nikortsminda, Kazbegi, Sagarejo, Gonio, Shekvetili, Telavi, Tskaltubo, Kutaisi, Zugdidi, Mestia, Gurjaani and Gori within the framework of the state program ”Enterprise Georgia- Host in Georgia”. In total, the program has 37 beneficiaries. As a result of opening of hotels, additional …

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Futkara Exported Georgian Honey to Japan

Company Futkara exported Georgian honey to Japanese market, 900kg. in total. Mainly exported three types: mountain, black tart and mixed honey. Export implementation was supported by agency ”Enterprise Georgia”. The organization works in the direction of beekeeping. In particular, they have: quite a variety of inventory and literature on the …

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Enterprise Georgia State Program Invests 786 million GEL in Projects

Enterprise Georgia state program has co-financed 323 projects s of December 31, 2017. Total amount of investments made by Enterprise Georgia exceeds 786 million GEL. More than 13 000 citizens of Georgia were employed as part of the mentioned projects. According to Enterprise Georgia indicators, projects were implemented in the …

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Chinese HUALING Enters Georgian Insurance Market

Chinese HUALING GROUP has entered insurance market. Hualing Insurance, the company subsidiary, plans to offer property risks insurance and health insurance products. The company has already obtained life and nonlife insurance licenses. Hualing Insurance was established on December 11, 2017. The company director General is David Kakabadze. It should be …

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Kutaisi AutoMechanical Plant Expands Output

Kutaisi AutoMechanical Plant Expands Output

Kutaisi AutoMechanical Plant has expanded output capacity. The company has bought new machineries and inductive furnace to increase assortment of products. Namely, the plant will produce two new products for stone-crushing workshops and gray cast iron details. The plant employs 185 persons. Kutaisi AutoMechanical Plant has obtained financial support component …

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Juice Producing Company Kula To Invest $2 million in Expansion Plan

Vano Goglidze, Kula company director: The year of 2017 was quite complicated for us, on the one hand, because of Georgian currency devaluation, on the other hand,  frosts started in spring. In Shida Kartli fruits froze  and the product price hiked. Despite this, we managed to maintain prices and quality. …

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