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Export of Georgian Wine to China up 30% in 2015

According to the Extraordinary and Plenipotentiary Ambassador of Georgia to the People’s Republic of China, sales of Georgian wine in the country have notably increased. Currently, the Chinese market  is a priority for the Georgian winemakers, especially in a situation when the main markets – Russia and Ukraine – are …

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Gov’t Exempted from VAT Unfinished Construction Projects

The Georgian government has decided to release from the financial obligations to the state companies that started building projects until 2008, but failed to bring them to the end. The corresponding decision was announced by Prime Minister Irakli Garibashvili. According to him, construction companies are still in a serious condition …

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Construction of First Olive Processing Plant Underway in Georgia

“Geo- Live” company is building  the first  olive processing plant in Georgia. All necessarily equipment has already been  ordered in Europea. Construction of the  building has commenced. According to George Svanidze, “Geo- Live” founder,  Georgia’s first olive processing plant will be completed by the end of 2015, and the company …

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Bidzina Ivanishvili Builds a 5 -star Hotel in Shekvetili

ivanishvili

Bidzina Ivanishvili is building  a 5 star hotel in Shekvetili (Black sea resort). “Commersant”  reports  that the building was completed and internal finishing works are going on. The hotel has  250 rooms and will be calculated for high-class guests. Ilya  Tavadze, Natanebi governor,  notes that construction began in the spring …

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Retailers Closing Stores on the Main Shopping Street in Tbilisi

Shops have closed, one after another, on the main shopping street in Tbilisi’s city center. “CBW” contacted  a recently closed store.  “New Line” manager Elene  Sakhvadze explains to  “CBW”  that  the main reason for the store closing was a high rental fee. “Commercial spaces are  so expensive, especially in the …

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Sokhumi “Penguin” Owners to Open Italian Café in Tbilisi

On February 20th, Caprigiani café will be opened  in the  former trade center “Pirimze”  by Amiran Gagua, a prominent businessman from Sokhumi. Amiran Gagua owned café  “Penguin” in Sokhumi  which was  a gathering spot for the whole town. It is a well-known specialist in making  coffee in sand. Laura Ghachava, an …

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“Kula” Sales in Russia Halved

Juice company “Kula” is satisfied with the pace of  sales of new products. According to  the company’s CEO Ivane Goglidze,  starting with 2015 the number of users has significantly increased. Goglidze explains this by expansion of the range of products and claims that apple, cherry, buckthorn, as well as cherry …

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“Ardi “- the Youngest Leader on the Georgian Insurance Market

The youngest leader of the Georgian insurance market –  the insurance company “Ardi” took  leading positions in the last year not only by written  premiums, but amount of claims which  constituted  GEL 15 million  over the past year. In 2014, ARDI has paid claims worth  GEL  10 million in medical …

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NATAKHTARI SALES VOLUME REACHED 100 MILLION LITERS IN 2014

Company Natakhtari in year 2014 achieved recording production volume and sold more than 100 million liters, which represents a unique figure for the Georgian market. Natakhtari has been producing beer and lemonade since 2005. It had already acquired over 50% of market share by 2008 and has been improving it …

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