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Georgian Wine and Spirits Companies Ask Gov’t to Promote their Products

Georgian companies producing alcoholic beverages ask the state to pay more attention to them. According to Zaza Tabagari, a consultant for strategic planning of Gomi,  the entry into the  foreign market requires  very large amounts, for this reason the brand  is not able to carry out large-scale activities. Currently, the company exports …

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Aversi Fails to Carry out 12-million Project

Plans of the pharmaceutical company Aversi for a multi-profile clinic project have been stalled, as a result of which, the company is experiencing financial losses. “Commersant” was told at  the company; as they note,  until  the refugees problem is solved, the 500-bed project will not be launched. Aversi is waiting …

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Strong advertising sales boost AOL revenue

Digital media and entertainment company AOL Inc reported an 11.7 percent rise in quarterly revenue, propelled by strong advertising sales. Net income attributable to AOL rose to $28.5 million, or 35 cents per share, for the third quarter ended Sept. 30, from $2 million, or 2 cents per share, a year earlier. The …

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Most Georgian Business Concentrated in Tbilisi

Statistics Service published a report on the performance of business of the country in 2013. As it turned out, Tbilisi remains a place of concentration of most Georgian business -the capital accounts for 72 % of total business established  in Georgia. The expert Soso Archvadze says that  this fact shows …

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Media Asking for Help

Electronic media are calling Georgian President once again use its veto, and this time – against the adoption of the law on social advertising by Parliament. NGOs  join this requirement. In particular, we are talking about the draft amendments to the law on broadcasting and advertising, developed by the Ministry …

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An Incredible growth of Shanghai

In the last 100 years or so, Shanghai, the megacity on the eastern coast of China, has seen incredible economic, industrial, and population growth. While it has long been a large and important seaport, it wasn’t until the 1990s that urbanization and expansion really exploded in Shanghai, turning it into …

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Apple plans investor call ahead of a potential bond sale

(Reuters) – Apple Inc is planning an investor call on Monday ahead of a potential bond sale, the Wall Street Journal reported, citing a banker working on the deal. Deutsche Bank AG  and Goldman Group Incare arranging the call, the newspaper reported. Apple, which is yet to sell bonds in any other currency …

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Ardi – One of the Stable Leaders in the Georgian Insurance Market

The insurance company Ardi is one of the stable market leaders. According to the results revealed by the  Insurance Supervision Service, Ardi steadily holds a leading position  for 2 years. The Business Development Director at the insurance company Ardi Group Misha Japaridze says  that the insurance market has grown  compared to …

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Putin’s Response to EU Sanctions: See You in Court

The fight over Russian sanctions is heading to court. Since early October at least six Russian companies—including state oil group Rosneft and the country’s two biggest banks—have field complaints at the Luxembourg-based European General Court. So has President Vladimir Putin’s oligarch friend Arkady Rotenberg. All of them are seeking to overturn …

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