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The world’s oldest recipe is for none other than….beer!

Being one of the oldest crafted beverages in the world, beer has been enjoyed by billions throughout history and remains a favorite today. While the varieties have exponentially grown, the foundation is still there….and it’s awesome! Here are a few things to expand your knowledge for some random bar trivia. …

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Nabeghlavi – Blessing of Georgian Nature

Any company that moves from the local market to the international scene represents a face of its country, culture and traditions. This is especially true for brands from such a small country as Georgia. Products of Healthy Water (“Tskali Margebeli”) are already being exported to 27 countries. Nabeghlavi and Bakhmaro …

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Foodpanda in Georgia and foodpanda worldwide

Foodpanda, an online food ordering service which is prominent in over 40 countries, has of this year entered Georgia. The German brand has begun operating in Georgia under “foodpanda Georgia”, and despite a short amount of time, it has managed to win the interest of a large part of society. …

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Construction of “Hilton” Hotel in Tbilisi on the Verge of Breaking Down

Hilton Garden Inn brand’s project could break down and will no longer be built. Construction has been halted for more than 2 months.  The reason is a confrontation between the construction company “Redix” and residents. At this stage, the parties areattempting to resolve the issue through the court. Residents living in the area adjacent to the construction accuse “Redix” in appropriating theterritory owned by them. The company, in turn,accuses the residents of disrupting the construction. “Redix” founder Lasha Papashvili states “Commersant”  that if the court’s decision is not known in time, …

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There is a Shortage of Hotels in Georgia

There is a Shortage of Hotels in Georgia

An interview with Director of the National Tourism Administration George Sigua. Tourist season was officially opened in Georgia.Is the country ready for tourist flow?  Summer season is already in full swing. It is already July, and the summer season is approaching peak. With regard to infrastructure, the overall situation is satisfactory, although there is a shortage of hotels. An influx of tourists on the Black Sea coast is significant. On the …

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Fuel Prices Continue to Climb on the Georgian Market

Fuel price hike continues. From today, petrol price has increased by 0.05 GEL in the “Lukoil” retail network. “Euro super” price hiked by 0.03 GEL in  “LUKOIL” network and amounted to 2.30 GEL. “Euro Regular” and “Premium Avantguard” price increased  by 0.05 GEL and totaled 2.10 GEL and 2.25 GEL. “Euro Diesel …

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Association Agreement with the European Union could Increase Product Prices

Association Agreement with the European Union could Increase Product Prices

The Association Agreement signed between the EU and Georgia on June 27 concerns the creation of deep and comprehensive free trade area (DCFTA) as well. What economic effect will the Association Agreement have, and specifically, what regulations must local and foreign entrepreneurs introduce? “Versia” daily  spoke to a Chief Advisor to …

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World Sports Brands not able to Increase Sales in the Market

Despite a wide range of products, sporting goods market cannot grow in Georgia. Representatives of sports brands state that  in recent years the number of customers  has not increased in their stores. GDL sport company that includes Adidas, Nike and Reebok stores says that this year sales haveslightly decreased, although discount promotions aregoing on in the network and user growth is expected in July. The network management explains this fact by the country’s current economic situation and says that …

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GOODWILL May Be Transformed into a JSC

The court did not confirm suit of PKF and respectively previous verdict on its avoidance remains valid. Company director and 6 creditors, among them was not secured creditor TBC Bank, required removal of PKF from the rehabilitation management. The management informs that rehabilitation will be provided in accordance to the plan …

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Textile Manufacturing Increased in Georgia due to World Cup

Textile Manufacturing Increased in Georgia due to Football World Cup

Ajara Textile has increased production due to the Football World Cup. Financial Director of the factory explains that Puma, one of a major partners, ordered 500 thousand pieces of sports uniform per one month for the football championship. Gia Lominadze notes that a Memorandum was signed with the most famous brand Nike, but Adjara Textile is expected to …

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Businessman Levan Vasadze Against “Excessive Door -opening”

As you know, the Constitutional Court invalidated the Moratorium on land sales to foreign nationals. How legitimate was the decision? Under current law, the Constitutional Court had the right to take such a decision. Moratorium itself was more like trying to patch holes in the ship, which had sprung a …

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