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Economy

Rustavi Group to Pay 53 500 USD Fine

A fine of 53 500 USD has been imposed on Rustavi Group because of violation of mutual understanding memorandum signed by LLC Rustavi Group and LLC Rusmetal on February 3, 2015. According to Government resolution, Ministry of Energy must ensure an implementation of all procedures for announcement of an open …

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Georgian Economy Recorded 3.8% Upturn in July

According to preliminary estimations by Geostat, national statistics service of Georgia, in July 2017, as compared to July 2016, Georgian economy grew by 3.8%, while the growth made up 2.9% in July 2016. In January-July 2017 economic growth constituted 4.4%. Government of Georgia forecasts 4% economic upturn in 2017.

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1.3 million GEL Asphalt Plant Launched in Ozurgeti

An asphalt plant of 1.3mln GEL has started operation in Ozurgeti. New Factory enterprise launched operation several weeks ago. The company director Ilia Kekelidze told Business Course that the factory is able to produce 80 tons of cement an hour. The company supplies products to infrastructural projects in Ozurgeti, Lanchkhuti, …

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Price of Georgian Poultry Meat Increased by 10 tetri

A 5-tetri tax on a chicken wing is 6-7% of the cost, which increases the price of one kilogram of chicken by 10 tetri. However,  the new rule will be negatively impacted on companies in financial terms.  Additional regulation launched several days ago for chicken meat local producers. In particular, …

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ADY Express Launches Georgia-Azerbaijan Container Train

ADY Express Launches Georgia-Azerbaijan Container Train

A subsidiary of Azerbaijan Railways CJSC, Logistics Company called ADY Express LLC has launched new container block train on the Poti/Batumi (Georgia) – Keshla station (Azerbaijan) route, said company’s the website. The train is scheduled to depart three times a week and cover a distance of 900 kilometers in 30 …

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Grape Processing Enterprises to Open in Kakheti

Three grape processing plants are being constructed within the state program of viticulture farming cooperatives in Kakheti region, Telavi and Kvareli municipalities. The Ministry of Agriculture disseminates information. Deputy Minister of Agriculture Giorgi Khanishvili and Chairman of Agricultural Cooperative Development Agency Giorgi Misheladze visited the construction process. “In the next …

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Mestia Residents Hold Public Discussions on Nenskra HPP Project

Members of local communities in villages of Chuberi and Nakra showed much interest in information introduced by JSC Nenskra Hydro during public discussions this week, the Nenskra Hydro statement reads. Experts of each technical groups of the project attended public discussions in Chuberi and Nakra on August 22-24 on Nenskra …

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Okami Pumping Station Rehabilitation Project Underway

Okami pumping station rehabilitation project is underway in Akhalkalaki municipality to ensure water supply to 300 hectare agricultural lands. LLC Georgian Melioration of Ministry of Agriculture of Georgia, a new pumping station has been built jointly with pumping aggregates, the old cascade has been restored, as well as water reception …

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