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Businessman Temur Chkonia Plans to Spend 6-7 Million Euro in Samegrelo

Since 2015, all my work  will be focused on  Samegrelo region in the next several years. The businessman Temur Chkonia told”Commersant”. According to him, at the end of the year  “McDonald’s” restaurantis planned to open in Zugdidi and for this purpose  the businessman plans to spend about 3.5 million Euro. In his words, the “Castel” beer popularization  will begin inSamegrelo and  in the near future …

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Businessman Iakobashvili Starts Fight for the Return of Deprived Company in September

Another businessman suffered during the previous governmenthopes to return the property. “Senta Petroleum” former owner says that a trial on  “Senta ” casestarts in September. Zaal Iakobashvili states  “Commersant” that a former Defense Minister David Kezerashvili  has forced him  to recede ” Senta” property. He notes Kezerashvili re-registered a  property for a symbolic price in 2011, otherwise the high official threatened the businessmen with jail  and a  deprivation of property without compensation. …

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Russian Demand for Georgian Wine Reduced

A demand for Georgian wine reduced in the Russian market which  wine companies explain by  the end ofsales boom and the start of the stable sales. Director General of  “Schuchmann Wines Georgia”Nutsa  Abramishvili notes that there was a great demand and  good payment terms  in Russia, theexporters paid in advance  and reserved products. I do not know what will be in the case of Russia in 2015, however, today 40% of our exports go to this market, and …

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“Telasi” Increased Electricity Consumption by 7% in the First Half of the Year

In the first half of 2014, JSC “Telasi” consumed 1.1 billion kWh of electricity, which is 7% more than inthe first half of 2013. “TELASI” explains an increasein the volume of electricity consumption byeconomic growth and an increase in the number of customers. A quantity of electricity consumed  in January-  June 2014 increased by 8% compared with the same period of 2013 and amounted to 1.48 billion kWh. “This increase is primarily due …

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Natural Disaster Halted “Nabeghlavi” Production

As a result of a disaster in western Georgia, a territory of “Nabeghlavi” mineral water factory in Chokhatauri region was  flooded. According to “Tskali Margebeli” (Healthy Water) , at this stage the factory work is hindered and will be resumed in 2-3 days. The head of the company’s public relations department says that  the disaster …

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Energy Minister Kaladze Bought Seized “Caucasus Online”

“Caucasus Online’s” former owner  says that “Caucasus Online” was bought by Kakhi Kaladze. Mamia Sanadiradze tells “Commersant” the details of the  company’s forced concession and a fraudulentlyseizure by the  current owners of the company. The businessman explains that the people close tothe previous government forced him to sign an agreement under duress in which he agreed to everything. He says  that he was forced to cede the company’s 50% share …

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Artgeni 2014 held at Ethnographic Museum with Healthy Water Support

Artgeni 2014 Festival traditionally took start at the Ethnographic Museum in Tbilisi on July 20. One of the supporters of the festival is Company Healthy Water (Tskali Margebeli). The festival guests had the opportunity to taste Margebeli Products as well as Nabeghlavi and Bakhmaro, unique waters of Healthy Water Company. …

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“Airzena ” Performs Tel – Aviv Flights in the Usual Way

“Airzena”  airline company  continues to perform  Tel – Aviv flights in the usual way. According to the airline’s managing director, there is no danger to fly  to Tel – Aviv airport. Iase Zautashvili notes  when it was reported that large companies had suspended flights to Israel, they  contacted  their representative in Israel and spoke to the airport authorities, who said  that the …

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Fuel Prices Went up after Elections

After the second round of elections, fuel price has increased, despite the fact that a decreasing trend is being observed on the international markets in the last two weeks. According to “Rezonansi” daily, importers actually do not have any excuse to increase fuel price- international prices go down, and the suppliespurchased at a relatively high price have been exhausted, so a new batch of  fuel is bought at  a much …

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H & M may Enter Georgian Market

A well-known brand H & M might enter the Georgian market. “CBD  Development”  confirms negotiations with the brand in a conversation with “Commersant”, but notes  that a final decision regarding the brand’s  entry into  Georgia has not yet taken. ”CBD Development” is building  a multi-functional complex worth USD 90 million  in Tbilisi. According to the company, 85% of the …

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“Sheraton Palace” may be Closed for 10 Months

“Sheraton Metechi Palace” hotel may be closed for 10 months. The hotel management company “Rakia”  begins thereconstruction of ” Sheraton” in autumn. According to Director General of “Rakia Georgia”, there are two opinions regarding the reconstruction of the hotel, the project will be  carried out in parallel with the operation of the hotel or the hotel will close and will be  eventually repaired. Guga Tsanava says that he supports the …

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“River Island” Leaves Georgian Market

Another well-known clothing and accessories brand, “River Island”,  leaves the Georgian market. Thestore’s management does not comment on thespread information. “Commersant” reports that “River Island” has not justified on the Georgian market and will share the fate of “Debenhams” in the near future– the store will announce discounts soon and will begin to prepare for leaving the market. “River Island” has been operating in Tbilisi for more than two years. As reported, the British …

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