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Sinosure to Insure Businesses of Chinese Partner Companies of the Partnership Fund

Sinosure to Insure Businesses of Chinese Partner Companies of the Partnership Fund

The Partnership Fund begins to cooperate with the largest Chinese state owned enterprise Export & Credit Insurance Corporation “Sinosure”. David Saganelidze and the Chinese company’s top management discussed future cooperation issues. The Chinese corporation will give recommendations to the Partnership Fund in the establishment of the export agency. Agreement will be signed for …

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AGSO: Long-term Lease of Land is Not a Solution

AGSO: Long-term Lease of Land is Not a Solution

Irakli Chikava, Commercial Director of Consulting Company Agro Solutions (AGSO), considers that long-term lease instead of selling agricultural land is not a solution and he notes that such a proposal might not interest large investors. “When we talk about investments in agriculture, we automatically mean great international companies for serious …

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Georgian Railway Modernization to Complete in November 2019

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Georgian Railway modernization project will be completed in November, 2019. Infrastructure Depute Director, Akaki Sagirashvili talked about the topic with BusinessContract. “Modernization project is one of the most significant initiatives in our country.  This includes complete rehabilitation of Khashuri-Zestaponi Railway and construction of 14km-long tunnel for new railway and 8km-long …

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BGEO Starts Construction of Power Plants in Svaneti and Guria

More Lari Appreciation is not a Good Idea, NBG should Purchase More USD

BGEO Group starts construction of power plants in Svaneti and Guria. Representative of Georgia Global Utilities Archil Gachechildze told TV Pirveli that 50 and 57 MW capacity plants are underway in MestiaTchala and Guria respectively. Apart from Communal business the group is also working on renewable energy business for IPO. …

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Nut Processing Plant Underway in Khoni Municipality

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Nut processing plant will be created in Khoni municipality, village Ivandid. Renatus Group purchased 10833 m2 non-agricultural land for USD 54,000 from the Georgian Government . According to the Governments’s instruction, company is obliged to implement million GEL investment and has to employee no less than 30 people. Payment of …

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Georgian PM Meets with Ludgate Investments Managing Director

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Georgian Prime Minister Giorgi Kvirikashvili met with Gijs Voskamp managing director of Ludgate Investments, owner of Ocean Capital investment company, and his business partners. The parties discussed Georgia’s investment potential and existing business environment in the country, as well as Ocean Capital’s ongoing projects in Georgia and future cooperation perspectives. …

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Parliament Adopts Amendments to Tobacco Control Law

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Parliament of Georgia  approved a bill of amendments to Tobacco Control Law after Parliament members discussed the document by third hearing. Starting January 1, 2018 tobacco products must be packed in simple boxes with photos of diseases caused by smoking. Pictograms must be also attached to cigarette boxes. Starting May …

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Iranian Zagros Airlines Increases Air Flights in Georgia from Today

Iranian Zagros Airlines Increases Air Flights in Georgia from Today

Iranian Zagros Airlines increases frequency of regular flights. The airline will perform flights Tehran-Tbilisi-Tehran every day instead of 2 times in a week. The airline is moving on the daily flight from today. The flights will be fulfilled by A320 and MD 80 aircrafts. The airline Zagros Airlines entered Georgia’s …

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