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Tag Archives: Georgian News

Aric Group Constructs Vinichio Valley Green Tourist Center in Sagarejo


Partnership Fund and Aric Group signed a common memorandum. Aric Group is an investment company created with foreign capital which implements projects in the field of agriculture, food industry and tourism. According to memorandum, the companies want to develop a common business, Vinichio Valley. They want to produce wine and …

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39% of Imported Cars Were Right-Hand Drive Vehicles in 2016


Right-hand-drive automobiles import amounted to 38.9% in 2016. As for reexport of right-hand-drive cars, it has been decreased with 37% and equaled to 8% of the whole reexport. In 2016, the majority of exported and reexported goods were sent to Armenia (57%) and Azerbaijan(9%). However, the amount of car export …

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Georgian Made Pipes to Export to the US


Georgian made pipes will be exported to the United States. Rustavi Metallurgical Factory will send the sample quantity to the US in the near future. In the interview with Businesscontract, the company revealed that the negotiations are in the final phase. The company already implements export to the EU. Last …

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VTB Bank Net Profits Triple


VTB Bank’s profitability has increased. Return on Assets marked 2.8% (1.15% in Q1/2016). Return on Equity (ROE) equaled to 26.4% (9.9% in Q1/2016). Net profits has nearly tripled year on year (3.5 million GEL in Q1/2016; +191% year on year). As of the first quarter (Q1/2017), VTB Bank ranks fourth …

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Georgian Youth Attended Brexit Debates in Hagen, Germany

Georgian group and the author of the project, Paul Gaffron

70 Young people from Germany, Georgia, Estonia, Moldova, Austria, Poland, Spain, Ukraine, the United Kingdom, Belarus and Russian Federation participated in the youth exchange concerning recent events of Brexit and rise of nationalism in Europe on 6th-14th of April in the Youth Educational Center ESW in Hagen, Germany. The main topic …

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WizzAir to Operate More Flights and Add New Destinations


Low-budget airlines WizzAir is going to increase the amount of flights and destinations from Kutaisi to Europe. However, It has not been revealed yet which destinations will be added. “It is obvious that the demand is increasing from both Georgian and foreign tourists. We are looking for new destinations but …

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Director of WizzAir Gives Useful Tips to Georgian Travelers


The director of WizzAir , József Váradi, gives useful tips to Georgian customers how to purchase cheap tickets from Kutaisi to various destinations in Europe. First of all, the director of WizzAir advises customers to buy tickets as early as possible.” Earlier you buy the ticket, cheaper it will cost …

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Mariana Morgoshia to Manage the Agency “Produce in Georgia”


A renewed structure of “Produce in Georgia” will be led by Mariana Morgoshia and the Minister of Economy and Sustainable Development, Giorgi Gakharia held a presentation about it. A new structure will unite three related components: Business (local production), export and investments. There will be three directions united under the …

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