Business

₾50 Million Investment and Entering Asian Markets- KTW Group’s 2021

As the founder and CEO of KTW Group Zurab Chkhaidze explains, despite the pandemic period, the year turned out to be successful.

Agency for Innovation and Technology Opened a Tech Park in Ozurgeti

Tech Park is a space where technological, educational and professional resources are gathered and is a platform for the development of businesses based on innovation and technology.

Metro Holding Invests $ 250 Million in Building a Tech Park in Batumi

"Metro Holding" is working on another large-scale project in Batumi. Their current project is "Tech Park - Batumi Free Economic Zone" on Gogoli Street. 

Noste Expands Production and Opens New Stores with 15 Million Investment 

Georgian Poultry Production (GPP), which is positioning itself on the market under the Noste brand, plans to double its production volume by investing GEL 15 million in 2022 and increase the number of sales outlets.

Silknet's $ 300 Million Bonds were Assigned B Rating by FITCH RATINGS

Fitch Ratings has assigned an expected B (EXP) rating to Silknet's $ 300 million subordinated bonds. Fitch notes that it is possible to increase the recovery rating to RR4.

Zarapxana Plans to Open Showrooms in Two Countries

According to Nikoloz Nakopia, showrooms in the United Arab Emirates and the UK were due to open in 2020, although a pandemic changed company plans.

Ebazaar.ge - The first Agrarian Online Market has been Launched

Ebazaar.ge is the first Georgian online platform, which will allow users to easily buy healthy, environmentally friendly, high quality agricultural products directly from farmers, without intermediaries.

Georgian Brand KAVEULI PARFUM Ceated a New Unisex Perfume

Georgian company KAVEULI PARFUM, a producer of jewelry and artisanal perfume, has created a new, second perfume "Venera''.

Children's Entertainment Center Minions for Sale for $ 320,000

Children's entertainment center "Minions" is for sale. The reason is a bank commitment and the owners leaving the country.