A cement manufacturing plant owned by Georgian Cement Company has opened in Poti. “Starting today a new cement plant will launch operation in Poti – this is a genuinely important fact. At the same time, I am very happy that Georgian Cement Company is implementing the project jointly with French-Swiss …

S&P will not confer ratings to Bank of Georgia any more. The ratings were recalled by will of Bank of Georgia, the influential rating agency reports. Before, it had affirmed its ‘BB-/B’ long- and short-term counterparty credit ratings and its ‘ilA’ Israel national scale rating on the Bank of Georgia (BoG), …

The World Economic Forum recently released its Global Competitiveness Report on the state of the world’s economies. The group analysed data including levels of corruption, inflation, and policy stability to compile a picture of virtually every country. One of the indicators the WEF uses is a country’s tax burden, with lower scores …

The first Georgian whiskey JIMSHER will appear on the Georgian market by the New Year. The new Georgian beverage was developed by Jimi Chkhaidze. The three new varieties of whiskey tells entirely new history with Georgian accents, Jimi Chkhaidze said. JIMSHER whiskey is made of Georgian cereals by traditional whiskey technology. …

Georgian PM Giorgi Kvirikashvili elaborated on importance of the multifunctional complex being constructed near the Freedom Square, Sololaki Ridge and the mountain Tabor. Following the initiative of the Georgian Co-Investment Fund, high-class of unparalleled architectural value – three-tier complex encompassing multifunctional complexes near the Freedom Square, Sololaki Ridge and the …

Georgian Co-Investment Fund is to establish Tourism Development Fund of Georgia with a purpose of investing 680 million USD and administering 8 large-scale projects in Tbilisi, Guria, Ajara and Samegrelo. Fund aims at developing tourism infrastructure in the regions of Georgia where tourism industry had previously been overlooked.   “The …

Ukraine International Airlines (FlyUIA) has announced 20% discount campaign on flights from Kutaisi international airport. Later, the discount campaign will be expanded to flights from Tbilisi International Airport too. Kutaisi-Kyiv – 73 EUR Kutaisi-Kharkiv – 68 EUR Kutaisi-Kyiv-Kutaisi – 145 EUR Kutaisi-Kharkiv-Kuitaisi-139 EUR Beijing – 310 EUR Amsterdam – 160 …

PMCG research center, jointly with Konrad Adenauer Foundation , holded a presentation of research results and public discussions on the issue – “Challenges and Opportunities of Energy Transit from Iran to Georgia and Europe”. The presentation held at Terrace hotel on October 4. The research made focus on appraisal of …

The ruler of Siam (that is the king of ancient Thailand) could make, when falling into a bad mood, a “royal present” to his courtier: he would give him a white elephant which would ruin the unfortunate official due to the necessity of feeding the animal. It was not possible …

Caucasus Business Week had an interview with Iza Gotsadze, Head of Communications at Adjaristsqali Georgia LLC (AGL), where she talked about her current and past jobs, her career path and achievements.  Can you tell me a little about your educational background? I hold BA in Journalism and an MA in Communications Management. What …

Over the past 5 years Georgia has moved to 59th position from 88th place in Rating of Global Competitiveness. Georgia has occupied 59th position with 4.32 point among 138 countries in the 2016-20167 Global Competitiveness Rating published by the World Economic Forum (WEF). The country has improved positions by 7 …

Gurjaani possesses much potential and resources for development, to overcome unemployment and resolve the unemployment problem thanks to quick economic advancement. This concept is one of the components of our election program. We have made accents on this direction during the whole election campaign by use of various instruments”, David …