Business

Mikheil Khidureli: We have Unique Opportunity to Become New Relocation Target for Foreign Companies

According to the head of "Produce in Georgia", more than 400 companies have been identified and will try to transfer their labor force to Georgia in the conditions of relocation.

Crystal Confirms $8 Million Facility with INCOFIN IM advised IIV Mikrofinanzfonds

Crystal confirmed $8 million senior loan facility from Incofin IM advised IIV Mikrofinanzfonds to support its provision of innovative financial services to micro entrepreneurs and farmers across Georgia.

Adjara Group's Alternative Employment Program of the Udabno's Project

Currently, Adjara Group is in the process of reopening restaurants, bars, and hotels. The company had to temporarily put on hold due to the recent global developments.

Vienna Insurance Group has invested in APEIRON Biologics AG

APEIRON Biologics AG successfully performed its planned capital increase with subscription rights and private placement, raising EUR 11.9 million on 2 June 2020.

MEAMA Company Opens First Branded Space

MEAMA, Georgian coffee manufacturing company, has opened the first space at Saburtalo City Mall. The space has been designed by architect Giorgi Khmaladze.

Georgian Startup to Enter Ukrainian Market

Disinfectant Manufacturer company "Elixir" will soon enter the Ukrainian market, which will provide its customers with innovational and ecologically clean bioproducts.

90% of Georgian Hazelnuts to be Exported

According to the Georgian Hazelnut Growers Association, in 2020, hazelnut harvest will exceed 50,000 tons.

EVEX Won the EBRD Sustainable Development Award

The European Bank for Reconstruction and Development (EBRD) has named the best partner organizations in its beneficiary countries for sustainable development.

Small Enterprise Support Programs See Increased Budget Totaling GEL 40 Million

MicroGrants and Small Enterprise Support Programs, which were performing most effectively in recent years, now have an augmented budget totaling to 40 MLN GEL.