Press & Information

Corporate Governance To Help Georgian Companies Attract Foreign Investors
22 December 2014
The FINANCIAL -- Implementing good corporate governance practices can help Georgian companies attract foreign investors and partners, gain competitive advantage, increase financial returns, and provide shareholders with greater security on their investments...
Bosch Opening A Warehouse in Tbilisi
02 December 2014
The FINANCIAL -- Due to increased construction activities in Georgia, in particular in Tbilisi, Bosch has decided to start operation of a new warehouse in Georgia. The new 1,600 sq.m Bosch warehouse will be opened on 16 December. The warehouse is located near to Tbilisi International Airport on a base belonging to Gebrüder Weiss...
According to the World Bank, Georgia has the highest economic growth
24 November 2014
Nodar Khaduri: Minister of Finance of Georgia “According to the World Bank, Georgia has the highest economic growth. If we have a 6% economic growth, the country holding the second position in our category - Armenia, has a 3.2% growth.” Guram LOBZHANIDZE FactCheck According to the Minister of Fi­nance of Geor­gia...
The Potential of the Georgian Telecommunications Industry
17 November 2014
Georgia could be­come a telecom­munications hub uniting Asia and Europe. Its strate­gic geographical location has contributed to the interest of leading telecommunication companies from Azerbaijan, Germany, Ukraine and Rus­sia. From its side China is of­fering Georgia the opportuni­ty to switch to the “Silk Road Economic Belt”. Meanwhile...
Gudauri Armed and Ready for Ski Season
10 November 2014
As the temperatures start to fall, the popular mountain resort of Gudauri is fully prepared for the opening of the ski season. Cableways have been repaired, skiing tracks cleared of stones and, most importantly, a snowmaking system was installed, which can extend the ski season for an extra one and a half months. This season is scheduled to open on December 13. Last year many tourists were dissatisfied with the poor weather conditions and lack of snow in the mountains. To combat against these climactic obstacles...
Untouched Beauty of Javakheti Protected Areas Attracts Tourists
06 November 2014
Whether you prefer steep mountains or grassy steppes, wide meadows or thick forests, Georgia is the country you should put on your traveler’s bucket list. The country is blessed with diverse natural resources that spread from semi-tropical beaches on the Black Sea coast to the snow-capped Caucasus Mountains. There are numerous regions worth visiting in Georgia...
DEG Issues USD 35 mln for Bank of Georgia, Ready to Finance any Georgian Business
27 October 2014
The FINANCIAL -- German Investment and Development Corporation (DEG) has issued USD 35 million for Bank of Georgia, to extend financing of the SME sector in the country. The loan will boost the total credit portfolio of the SME sector by 10-15%. DEG gives a positive estimation of the country’s economic conditions and has expressed willingness to finance other Georgian businesses. “Bank of Georgia has issued over GEL 200 million for the SME sector this year. The portfolio amounted to over GEL 550 million...
The Economic Potential of Georgian Wine
06 October 2014
The FINANCIAL -- Winemaking is one of the oldest Georgian traditions that have survived to this day. Archaeologists have proved that the history of Georgian wine production reaches back at into the past least 8000 years. Arguably, this makes Georgia the earliest place on earth where wine was produced. And the tradition is alive – today there are not just big wine firms...
თბილისი მერი დავით ნარმანია საქართველო-ისრაელის ბიზნეს პალატის გეგმებს გაეცნო
19 September 2014
დღეს თბილისის მერმა დავით ნარმანიამ დედაქალაქის ცენტრში ებრაული ინვესტიციით მშენებარე `რიქსოსის~ სასტუმრო დაათვალიერა. მას მასპინძლობა საქართველო-ისრაელის ბიზნეს პალატის პრეზიდენტმა იციკ მოშემ გაუწია. მერთან ერთად ობიექტს ეწვივნენ ქართულ-ებრაული 26-საუკუნოვანი მეგობრობის საიუბილეო კომისიის თანათავმჯდომარე ჯამლეტ ხუხაშვილი...
Georgian Hotel Market Growing but Lacking Foreign Investment
01 September 2014
The FINANCIAL -- The average daily rate of Georgian hotels increased by 7.5% in July 2014 compared with the same month of 2013, STR Global, global data tracker of the hotel industry, told The FINANCIAL. The daily rate of Georgian hotels totalled GEL 247.09 in July 2014 while the rate was GEL 229.14 in the prior-year period. During the past 5 years the record number of FDI (USD 181.9 million) in the HoReCa sector was mobilized in 2008...