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Azerbaijan Eyes China’s Wine Market

Azerbaijan Eyes China's Wine Market

Azerbaijan intends to increase wine exports to China, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said on its website Friday. The issue of expanding cooperation between Azerbaijan and China in the area of wine trade was discussed at a meeting participated by local winemakers and the trade representative of Azerbaijan …

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More Than 4300 People Are Renting Houses in Georgia on AirBnb

Activity of Airbnb is Grown on Tbilisi Market

Activity of famous leasing and rental online marketplace Airbnb has grown on Tbilisi market. Over the last two years, the number of Airbnb listings in Tbilisi has more than tripled from 2,100 properties in 2015 to 7,000 this year. Almost 4,300 active hosts are now offering a wide array of …

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Georgia’s Electricity Balance Value Exceeds Turkish Balance Value by 16%

electricity

In April 2017 Georgia’s electricity balance value exceeded Turkish market price by 16%, but the price saw annual 5.2% contraction after Lira depreciation. As a result, the price of one kilowatt/hour electricity made up 4.1 Cent. According to G&T information, Georgia’s electricity balance value has not changed in practice (+0.7% …

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China is Ranked as the 2nd in the Rating of Wine Export Markets

Wine export is increased by 85% y-o-y. According to Wine National Agency, 14, 2 million bottles (0, 75 l) are exported from Georgia to 38 countries through January-March with a total value of 32. 3 million USD. TOP-5 of Exporting Countries   Country mln bottles 1 Russia 8.988 2 China …

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BGEO Group Issues 30m Georgian lari Currency Bond

BGEO Group‘s water utility business has issued a 30m Georgian lari currency bond (about £9m), the largest issued in a local currency by a non-financial institution in Georgia. Georgia Global Utilities, with the company’s banking arm Galt & Taggart, has placed a GEL30m local currency bond with a five-year tenor …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: CBAR reserves up 0.1% m/m to US$ 4.0bn Central Bank’s reserves were up marginally (+0.1% m/m) in November 2016, following two months of minor declines. In annual terms, reserves are down 35.8%. Oil exports down 13.1% …

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Georgia Definitely Needs Its Own Stock Exchange

There is an argument that we have a very simple tax code, it is easy to start business…this could be even dangerous”Kakha Chargeishvili declared. He says that two most important factors for economic growth are employment and increase of income. World Bank often suggests that we should implement structural reforms. …

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PSP Group to Double Turnover in Armenia with 2% Market Ratio

PSP Group to Double Turnover in Armenia with 2% Market Ratio

PSP Group plans to double turnover in Armenia in 2017 and take  control over 2% of the Armenian market. Currently, Armenia’s medications turnover makes up 100 million USD and PSP’s ratio accounts for 1 million USD, the company founder Kakha Okriashvili told the Business Contract news portal. Long-term procedures should …

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World Gold Prices Fell to its Minimum But not in Georgia

Gold price has  fallen  to its minimum since November 2015.The price of gold on the New York Stock Exchange fell by 6% and amounted to $ 1 252, 4 per ounce, a similar trend is observed with silver prices, which also fell by 9, 6%.  The experts of the Investment …

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