Business

AQUALIA to Buy a 65% Stake in Georgian GGU for $ 180 Million

Fitch Ratings has rated Georgia Capital's long-term issuer Georgia Global Utilities with a default rating of B +, with an expected recovery rating of B + from RR4.

Koda Plans to Manufacture Bio-eggs

The poultry company "Koda" plans to manufacture organic products.

Georgian Technical University's Building 4 to be Fully Rehabilitated

According to the Head of Government, brand-new prospects for the university are offered by Georgia's association with Horizon Europe, the EU's new framework program for research and innovation, which was signed recently in Brussels.

Investors from 10 Countries Interested in the Imereti Agrozone Development Project

Georgia has received 27 proposals from 10 countries for the Imereti Agrozone Greenhouse Cluster Development Project. Negotiations with potential investors will take place in February and March, after which contracts will be signed.

ATOMS Starts Production of Georgian Speakers

The founders came up with the idea of producing Georgian speakers years ago. When they did not have enough money, specific knowledge and qualified staff, they never quit.

Vegan Cuisine Namu to Open 2 New Branches

Vegan cuisine "Namu" opens two new branches this year. Ana Tikaradze, the founder of Vegan Cuisine, says that the company will invest a total of about $ 100,000 in both branches.

Lasha Papashvili: Expenses of Hotel HILTON Exceed the Income at this Stage

The first hotel of the Hilton brand is operating despite the pandemic in Tbilisi, however, in the current situation, the costs exceed the income.

Gabriadze: We Expect 25 Million Investment this Year within the Famework of 'Film in Georgia'

The program "film in Georgia" continues in 2022 with an updated design. Irakli Gabriadze, Deputy Director of Produce in Georgia, explains to Business Partner that they expect to invest GEL 25 million in the program this year.

Central Transport Hub to be built in Bakuriani - Project Cost 17 Million GEL

A central transport hub will be built in Bakuriani. Invitation for the tender The Municipal Development Fund has already announced that the estimated design-construction purchase is ₾17 million.