Chinese investors want to grow rapidly renewable forest plantations in Georgia. Business delegation and Forest Department of Jiangxi Province have submitted a plan at the meeting with executive director of Partnership Fund. It should be noted, that investors are interested in growing renewable forest plantations, processing of timber and manufacturing …

JSC Bank of Georgia has gained the following recognition of Global Finance. The country’s leading financial institute has been names the Best Trade Finance Bank in Georgia for the second time. The editorial review board of the Global Finance magazine selected the winners based on inputs from industry analysts, corporate executives and …

Government of Georgia has approved the 2018 state program for rehabilitation and equipping of medical facilities. The state budget will finance the program with 6 740 300 GEL. The bulk of the subsidies (5.5 million GEL) will be spent on construction of multipurpose university clinic in the village of Rukhi, …

80% of local population back a construction of Nenskra HPP, the Mestia District Governor Kapiton Zhorzholiani told the Business Morning. Local budget revenues have considerably increased, he said. “In 2017 the local budget received 2.2 million GEL from Nenskra HPP project and this amount is of vital importance for Svaneti”, …

BTU will be a main speaker about ”Future Education” at London Education and Technology event on January 24th, along with HP. Artificial Intelligence, Virtual Reality, Holograms are the major factors of BTU’s concept, that has been created on BTU’s base in joint laboratory. The model will be presented to worldwide …

Consolidated profits of the bank sector exceeded 152.5 million GEL in December 2017. All commercial banks finished the month of December in profits, including Silk Road Bank. However, the latter bank’s annual losses constituted 495 555 GEL. The Georgian banking sector consists of 16 commercial banks, including 15 ones with …

Aleksandre Bolkvadze, founder of BLC law company, talks about alarming tendencies in state procurement system. The company has explored the existing situation in 2017 and requested due information from state offices and Ministries. According to the research, all state purchases in terms of legal services have been carried out in …

Another meeting will be held in Technopark within “Startup Beats” on January 25, at 19:00. The guest consultant, trainer, founder of the course “Human Management” Davit Gogichaishvili. The guest will discuss about the necessity of innovation in the management, the challenges of Georgian innovators and difficulties as necessary ingredients for …

In his interview with the Business Morning Irakli Kilauridze, director general of Colliers International Georgia, talks about positive and negative tendencies on Georgia’s real estate market. He made emphasis on construction safety norms and their improvement mechanisms. Construction works supervision is one of the key directions for Colliers, Kilauridze noted. …

Experts of international financial organizations will be involved in the process of developing a general plan of Tbilisi, Kakha Kaladze, the Mayor of Tbilisi, said at the briefing. ”General Plan is very important for our city. This is the document, that should define right long-term development of Tbilisi. Reminding, ”City …

The governor of the National Bank of Georgia, Koba Gvenetadze has announced 2018 to be “a year of financial education” and discussed plans that will be implemented together with financially literate society, who will no longer be afraid of exchange rate volatility. The governor also reviewed the major challenges of …

The Georgian National Wine Agency (NWA) is to launch electronic certification system to enable online application submission, effective after February 1, 2018. At a recent meeting of NWA officials with winemakers at Tbilisi’s Biltmore hotel, several other innovations were discussed, including draft amendments to the “Grape Origin Alcoholic Drink and …