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Zara Home Store Opened at Tbilisi Mall

Zara Home has opened at Tbilisi Mall today, on February 2. The store that covers 450 sq.meters. offers various things to furnish your home comfortably. Zara Home has established in 2003, and runs 408 stores in 44 countries. ”Zara Home is based on a different concept of retail trade: this …

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Three Quarters of Radio Stations in 2017

For any business company, advertising on radio becomes increasingly attractive, and this leads to many factors, including easy access to potential customers. Company IFM Research has been monitoring  following 7 radio stations since the beginning of 2017: * Radio Imedi * Radio Palitra * Fortuna * Fortuna + *Ar Daidardo …

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SOCAR: Report on Oil Products Market Contained Many Inaccuracies

Levan Giorgadze SOCAR

SOCAR has given its first comment to BM.GE about the Competition Agency is to start repeated exploration of oil products market. As reported, according to Court of Appeals, the case was returned to Competition Agency for repeated exploration. The SOCAR Georgia Petroleum director general noted that the decision passed by …

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Fitch Ratings Assign B+ to Silknet on Rating Watch Positive

Fitch Ratings has placed Georgian-based telecoms company JSC Silknet’s Long-Term Issuer Default Rating (IDR) of ‘B+’ on Rating Watch Positive following the company’s announced acquisition of Geocell, Georgia’s second-largest mobile operator. The ratings are likely to be affirmed at the current level of ‘B+’, with the assignment of a Positive …

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The Memorandum of Cooperation was Signed Between GITA and Israeli Company

The Memorandum of Cooperation was signed between the Innovations and Technologies Agency of the Ministry of Economy and Sustainable Development and the Israeli company “Frank Group”. Ambassador of Israel to Georgia Mr. Shabtai Tsur attended the signing ceremony of the Memorandum. The Memorandum of Cooperation combines the following issues: Sharing …

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More than 30 New Hotels Are Due to Open in Georgia

According to the 2018 January indicators, Enterprise Georgia has approved 38 projects as part of hotel industry development program. Total investment value of the projects exceeds 113 million GEL. The hotels will offer 1174 new suites in addition and create more than 1200 new job places.  Giorgi Chogovadze, head of …

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Georgian Dried Fruit Goes on Sale in New York

One of the supermarkets in Brooklyn, New York, sells in dried fruits produced by GEMUANI company. Eduard Partsvania, quality management manager for GEMUANI company told Atinati radio station that, initially, samples were sent to the USA, the product was approved and introduced to the retail chain. At this stage, GEMUANI …

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Nike, Puma, New Balance and Other Brands Expands Output in Georgia

Clothing factory that manufactures brand products of Nike, Puma, Lotto, Erima, New Balance and Under Armor, plans to expand business. Ajara Textile plans to hold an official inauguration with expanded workshops, showrooms and new employees. Jengiz Ozkendir, the factory director, noted that the factory has introduced the so-called bonus system …

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Construction of Hilton Hotel Breaks Grounds

Hilton Hotel Tbilisi

Construction of Hilton hotel has started in Tbilisi. The Prime Minster addressed the guests and signed a memorandum and took part in the ceremony of putting symbol capsule in the foundation. The Prime Minster stressed the growing dynamics in tourism sector and pointed out that the new hotel will host …

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