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Tag Archives: Georgian News

Natura Tea Company to Launch Georgian Tea Into the EU Market

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Natura Tea Company will launch Georgian tea into the EU market. The company is currently waiting to be granted with ISO certificate. It has been declared that it will take few months to gain the certificate and it will be followed by active negotiations with the EU countries concerning tea …

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Batumi Multifunctional Residential and Hotel to Launch in 2018

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31-floor Batumi Multifunctional Residential will be launched in 2018. Currently, construction of 15 floors is completed. 15 000 square meters will be used for residence and rest of the space will be occupied for the hotel. Half of the residence has already been sold out. At the same time, there …

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First Georgian Olive Oil Trickles into the Market

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First Georgian olive oil trickles into the market. The head of Georgian Olive Oil, Giorgi Svanidze declared that the production will be sold in Carrefour Supermarket network and in the future, in Agro Hub too.  Next year, the company is planning to sell production in almost all large supermarkets. During …

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Bruno Balvanera: There are Slim Chances for New Banks to Enter Georgian Market

Bruno Balvanera: Investors’ Appetite is Increased on GEL

The European Bank for Reconstruction and Development (EBRD) estimates the possibility of third large bank entering Georgian market, however, considers that currently it is less likely to happen. Regional representative of EBRD, Bruno Balvanera declared that two large banks already own large shares at the market which limits the possibility of new bank, entering the market. …

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Georgian Railway Held Conference to Promote Lean Six Sigma Methodology

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Georgian Railway held conference in the frame of promoting establishment of Lean Six Sigma methodology and organized a celebration of delivering certificates to the staff of engineers. The main essence of Lean Six Sigma methodology is to improve the quality of the product, minimize defects and decrease standard deviation.  In …

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Sky Tower Hotel Launched in Batumi

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Construction of Sky Tower Hotel in Batumi has been completed. The head of Adjara government,Zurab Pataradze, Finance and Economy Minister of Adjara, Ramaz Bolkvadze, City mayor Giorgi Ermakovi and other officials attended the ceremony. 20 million USD investment was implemented in the frame of the project. 22-floor Batumi Sky Tower …

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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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Georgian Made Tablets to Launch in July

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In July, Georgian made tablets will be launched into the market. It has to be noted that AG Microelectronics factory founded by AG Telekom has successfully sold 1600 TVs. “In two months, tablets will be completely tested. We will set an affordable price for the product which will have good memory …

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Georgian Leather Imported to Hermes Factory

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Raw Leather of cattle was exported to European Market in Greece. Suitable export certificate has been issued by the National Food Agency, concerning the leather export.  In order to implement further processing, raw leather import procedure in Greece has been completed today and 18000 kg raw leather was sent to …

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