On 8 September 2017 at 11.00, Tbilisi City Court will hear the case brought by Judge Vladimir Kakabadze against the Chairman of the International Chamber of Commerce in Georgia Mr. Fady Asly.  In his claim Judge Kakabadze pretends that by accusing him of being corrupt, Mr. Asly” has damaged his …

According to preliminary data, the volume of direct foreign investments implemented in Georgia in the second quarter of 2017 is 346.6 million USD, which is 14.3 percent less than the adjusted data for the same quarter of 2016. Direct foreign investments in the first half of the current year amounted …

According to preliminary data, the amount of direct foreign investments implemented in Georgia in the second quarter of 2017 is 346.6 million USD, Which is 14.3 percent less than the adjusted data for the II quarter of 2016. According to the statistics office, direct foreign investments carried out in the …

Currently under construction at an altitude of 2,640 meters, the 14.346-kilometer-long Mount Ovit Tunnel will be opened to traffic by the end of the year. Once completed, the tunnel will be the second longest twin tube road tunnel in the world and will connect İspir in northeastern Turkey’s Erzurum to …

During the 4th International Symposium of Qvevri wine, The First International Competition of Qvevri Wine was held at Ikalto Qvevri School-Academy. 150 wines from Georgia, France, Serbia, Slovenia and others countries competed for 22 Gold, 20 Silver and 29 Bronze Medals, which were awarded recently  at Ikalto Monastery Complex. Gold medals were …

JSC Silknet issued a five-year Bond amount of GEL 34 million in accordance with Georgian Law on Securities Market. The money received from bonds was spent to refinance relevantly to existed bank credit. Bonds were purchased by Georgia based banks. Annual benefit (coupon) of the bonds is variable and makes …

Leading international rating company Fitch confirmed Silknet B + credit rating in 2017 as well. The rating was given to company in 2016. ”We are glad that Fitch has confirmed the Silknet credit rating, which was first received about a year ago.We are one of the first companies from non-finance …

Special commissions are currently working in the parliament and the Ministry of Finance on the introduction of new regulations on gambling. Unlike the Ministry of Finance, the parliamentary group is inclined to make a radical decision of a complete ban on online gambling. Deputy Finance Minister of Georgia Lasha Khutsishvili …

Dimitri Kumsishvili, the First Vice-Premier and Ministry of Finance met with Bill Thompson, head of Eurasian Region of Organization for Economic Cooperation and Development (OECD), who pays a business trip to Georgia. The sides discussed a broad spectrum of Georgia and OECD partnership at the meeting. Special attention was paid to projects …

It is finally approved, that Elton John’s concert is delayed before summer, 2018. Concerts of the British musician and holder of six Grammy Awards, has been planned at the Black Sea Arena. Concerts have to be held on September 16 and 17. The willing persons can return the ticket cost …

International Wine Award 2017 in Germany for “MUKUZANI”. Nearly 164 international wine experts from 41 countries were judging wines from more than 150 wine growing regions all over the world in Worldly recognized MUNDUS VINI 2017 summer competition. MUKUZANI Dry Red Wine. Made of Saperavi grape variety in the Mukuzani …