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Business

PMC Research Center was Awarded for the Highest Level of Transparency

PMC Research Center (PMC RC) was recently granted a 5 star transparency award. Center was awarded by Think Tank Fund of the Open Society Foundations for setting the gold standard for the field as a whole, by reflecting exemplary transparency in publicly disclosing sources of funding. From 170 major think tanks …

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First Technology Park Will Open in the Late 2015

Technology Park Tbilisi

With the initiative of Georgian government and Innovation and Technology Agency of the Ministry of Economy, high technology and innovation development center will open in Okrokana.  The facility will be built on an area spanning 18,000m2 in Tbilisi’s recreation area near Mtatsminda Park. Techno Park will create united ecosystem and will …

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Flower Businesses Suffering Crisis due to Depreciation of Lari

Dutch flowers and plants greenhouse Grato Greenhouse is suffering a crisis due to  the devaluation of the national currency. According to Grato co-founder Vako Togonidze, the company can no longer balance the costs and revenue, which led to a crisis situation. In Togonidze’s words, the products are imported from the …

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According to Businessmen, the Parliament Does Nothing to Foster Business

Parliament Takes Control of Georgian Banks

Unlike MPs, the businessmen interviewed by CBW do not remember a law recently adopted by  the Parliament, which has facilitated the flow of investments into the country  or helped  their business development. Beso Tkhelidze, a founder of the construction company Atori, cannot recall a law or a change adopted by  the …

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30,477 tonnes of Grapes Generate 17.45m GEL for Georgian Farmers

The 2015 grape harvest is in full swing in Georgia’s nine wine-producing villages where a total of 30,477 tonnes of grapes has been picked so far. By selling this yield, farmers generated a collective income of more than 17.45 million GEL, and this year’s harvest is not over yet. Georgia’s …

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Business Reduced Products Stocks by 30%

Georgian importers reduced the amount of the available stocks of goods in warehouses by  30% – it also concerns food products. Importers say about a possible rise in price of products, but cannot specify how much the prices will increase. Businessmen also fear that a decline in inventories may lead …

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Cherie to Release a New Line of Coffee

Georgian coffee company Cherie plans to release  soluble coffee. They say in the company that  demand exists  mainly on cheap coffee. According to the company’s Director Irakli Lomtatidze, the company has been working in the cheap  segment  since the beginning of the year  and it  turned out that cheap coffee …

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Georgia’s Exports Reach $1,459m in Eight Months of 2015

In January-August of 2015 external merchandise trade (excluding non-organized trade) in Georgia amounted to USD 6395 million, 14 percent decreased year-on-year. The exports equaled USD 1459 million (24 percent lower), while the imports stood at USD 4937 million (10 percent lower). The negative trade balance was USD 3478 million in …

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A Fate of the Multi-million Project in the Center of Tbilisi is Uncertain

project

The issue of  the “Intercontinental” hotel project implementation in the former Agricultural  Ministry building is still unclear. “Georgian Property” has been going to build a 5-star hotel in the building for years asking to postpone investment commitments due to the suspension of the project for a few years because of …

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Storytelling in Brand Communication at Ad Black Sea Seminars Program

Leonid Feigin Storytelling in Brand Communication at Ad Black Sea Seminars Program

On September 26, Leonid Feigin, Co-owner and Creative Director of Direct Design Visual Branding agency will present his topic “Everliving skeleton of history” at Ad Black Sea seminars program to be held on September 24-27, 2015. He will explain the importance of principles and perspectives of storytelling in brand communication. …

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