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A New Ice Cream Factory to be Opened in Georgia

A new ice cream factory will be  opened in Georgia. In the frames of the project “Produce in Georgia”,  a total of $ 580000 will be allocated for the company, of which $ 450 000 will be spent on basic tools , $ 130 000- on  working capital. The factory  will …

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Drugs Prices to Go up

The sharp depreciation of the GEL exchange rate may be reflected in prices of certain medicines.  Kakha Okriashvili,  PSP pharmaceutical company’s founder, told  “Commersant”. However, he explains that the price will  increase by 2 -5% only if GEL passes the mark of 2.00. According to him, the pharmaceutical market is …

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WINTER RESORTS HOTEL MARKET OVERVIEW BY COLLIERS INTERNATIONAL

Thanks to its mountainous character Georgia offers various winter resorts, of which the main are: Gudauri and Bakuriani. The number of hotel guests visiting Gudauri and Bakuriani has been constantly growing. The biggest (55%) increase was in 2011. There are a total of 79 accommodation units registered in winter resorts, …

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Chain of Supermarkets Fresco Puts an Ultimatum to Importers

The supermarket chain Fresco sent an appeal to the partners from among the importers. According to  the network’s  Director Ia Saneblidze, it requires to  relatively lower prices in the case of stabilization of the national currency, otherwise, the company will cease cooperation with importers that will leave rates unchanged. “Our …

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Russian Crisis to Hurt Georgian Water Exports

In 2014, exports of mineral and spring water amounted to $ 137.1 million which increased by 28% compared to 2013. Out of this, products worth $ 66.4 million were exported to Russia, while exports to Russia increased by 97% compared to 2013. Accordingly, Russia’s share in the country’s total exports …

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Export of Georgian Wine to Russia Halted

According to Nutsa Abramishvili, the  CEO of the wine company Schuchmann Wines  10 trucks loaded with 100 000 bottles of wine stopped due to the  limited transfer of foreign currency outside of Russia because of the ruble devaluation. “We’ve received  excise stamps from Russia that have already been pasted on …

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Economic Council Ready to Meet Companies Suffered from Tenders

The Economic Council at Prime Minister’s Office  expressed its readiness to help business in making a decision in its  favor in a case of  the company’s violation of the law if it is possible. The Economic Council resounds to the materials sent by “Commersant”  which reflect the complexity in the …

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Foodpanda – a consumer-oriented company’s year on the Georgian market

[images cols=”five”] [image link=”#” image=”6648″] [/images] Ordering food online on www.foodpanda.ge is becoming more and more in-demand. Everyone likes it – people of all ages and professions, men and women alike. Foodpanda is a customer-oriented company and uses contemporary technological means – mobile application – to make food ordering simpler …

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Petroleum Products Prices Fell by 15-18% in Georgia

In recent months, the price of fuel in Georgia has reduced, but this reduction is not adequate to the  world oil prices – says the Association of Young Financiers and Businessmen of Georgia on the results of the analysis of global and local trends in energy prices. The Association requires …

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5 things to know about World Economic Forum in Davos

The world’s elite, from monarchs to CEOs, will don their parkas and converge this week for five days on a snow-covered Swiss mountain town two hours from Zurich to chew over the world’s problems at the 45th World Economic Forum. So how did one man and his small foundation manage …

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GOVERNMENT STARTS DISCUSSIONS OVER BANNING ONLINE GAMBLING GAMES

Current Regulations Contain Risks of Uncontrolled Involvement of Adolescents in Online Gambling Games and Money Laundering Georgia may ban online gambling games. For the last two years the second wave of attack   may be carried out against the gambling business. The first one was initiated by former MP Koba Davitashvili, …

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Greenhouse to be built in western Georgia with Japan’s financial support

A greenhouse will be built in Zugdidi district, Georgia with financial support from the Japanese government, the Japanese embassy in Georgia told Trend Jan. 16. The project cost is $92,622. The relevant agreement was signed by Japanese Ambassador Toshio Kaitani and head of the “Agora” association Tengiz Svanidze. The project …

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