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News Archive Choose Year 20112012201320142015201620172018201920202021202220232024   Choose Month... JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember         29 March 2013 Ukrainian Law Firm Enters Georgian Shipping Market The Ukrainian law consulting company “Interlegal” with the international experience plans to enter Georgian shipping market in the near future.<         29 March 2013 Economics Ministry not Sees any Legal Basis for Review of Contract with Chinese Company Economic Minister: President has given major benefits to the investor Economic Ministry has first announced in a conversation with "Commersant" that there are no legal resources for a review of the agreement with the Chinese company engaged in the construction of the “Olympic Village". Giorgi Kvirikashvili confirms that President has given ma         27 March 2013 Presentation of “Preferential Agro-credits Project A list of commercial banks, which will cooperate with One Billion Agriculture Fund, has been announced today. A presentation of “Preferential Agro-credits Project " was held at "Tbilisi Marriott" hotel.   All the leading bank         26 March 2013 Businessman Lasha Papashvili Calls Georgian Real Estate Market Perspective, but still Sells A businessman Lasha Papashvili makes additional explanations regarding the possible entry of a prominent player in the Georgian real estate market         26 March 2013 Natural Disaster not Damaged Agricultural Lands Agricultural lands have not been destroyed as a result of the disaster. Commersant.ge was told at the Ministry of Agriculture. They explain that they have not received any information regarding the lands’ damaging. Note: The disaster has damaged most of         25 March 2013 A 5 - star Hotel Construction not Started in Vardzia yet A new hotel is being built near Vardzia, while a 5 - star hotel construction planned by “Rakeen Development” company has not started yet. Note: The "Rakeen Development" company planned arrangement of tourist complex of international-class in Vardzia on 35 tho         20 March 2013 In the Case of the Ban on Gambling Business, Brokerage Companies Expect an Increase in the Number of Users Brokerage firms do not rule out that if the gambling business is prohibited, a part of consumers will move to their service. A representative of t         15 March 2013 Chamber of Commerce and Industry Plans to Create the House of Georgian Business and Arbitration Court Georgia Chamber of Commerce and Industry takes an initiative on formation the House of Georgian Business.         13 March 2013 "Tetris": We Successfully Received a Loan from “Bank of Georgia” Like "GDG" and "Gigsi" construction companies, "Tetris" names the profitability of the project as the key condition         08 March 2013 Georgia Improved Travel and Tourism Competitiveness Rating by 7 Points Georgia has improved travel and tourism competitiveness rating by 7 points.         05 March 2013 "Outlet Park" Satisfied with the Entry into Georgian Market The company "Outlet Park" is satisfied with the work in the Georgian market.   As commersant.ge was told at the store located in "Axis Shopping", this year's collect         05 March 2013 Entry of the Largest French Company in the Georgian Insurance Market Becomes Real The largest French company "AXA" is again interested in entering the Georgian insurance market. The head of the Georgian representatio         04 March 2013 "Loyal Estate" Ended Talks on Shopping Center Construction An investment company "Loyal Estate" has completed negotiations regarding the construction of a shopping center instead of “Hyatt” in         27 February 2013 Infrastructure Ministry Plans to Complete Rehabilitation of Kakheti Region 2014 action plan is being prepared for other regions rehabilitation Infrastructure Ministry plans to finish Kakheti rehabilitation projects launched by the previous government. As Deputy Minister states radio "         26 February 2013 "Kempinski" Head Office Representatives Personally Agreed on the Details of Hotel in Batumi The construction of "Kempinski" hotel in Batumi will be completed at the proper time, but before the construction works are being carrie         21 February 2013 Distribution of Agricultural Cards to be Completed by March 5 Distribution of agricultural cards will be completed by March 5. The head of Rural Development Department of the Ministry of Agriculture states ra         20 February 2013 Advisory Council to Develop Recommendations for Tourism Sector Tourism Advisory Council (TAC) is created in Georgia. According to the National Tourism Administration, the Council is created upon the initiative         19 February 2013 Bidzina Ivanishvili Meets with Representatives of Business Sector Today Today at 11AM, "Sheraton Metechi Palace", the Prime Minister of Georgia Bidzina Ivanishvili will meet with representatives of the business sector. The Premier announced about the meeting in his speech at the extraordinary congress of "Georgian Dream - Democratic Georgia&quo         18 February 2013 Gov’t Requests Investors to Employ Local Population Infrastructure ministry requests investors to employ the local population in the frames of investment projects. First Deputy Minister of Regional         14 February 2013 Anaklia Hotels Refute President's Statement about an Empty Resort and Suspended Projects Anaklia hotels deny the lack of tourists’ activity in the resort.         13 February 2013 Giorgi Kodua Creates a Competitor to "Turkish Airlines" "Air Caucasus" won the right for flights "Air Caucasus" airline owned by Giorgi Kodua and Tbilisi operator company "TAV Georgia" have signed Memorandum, as a result,         12 February 2013 Vejini Resort Preparing for Opening Vejini balneological resort will be opened in the near future. At the stage the compliance of the carried out works with the project         11 February 2013 After Infrastructure Minister, Finance Minister Meets Businessmen After Minister of Regional Development and Infrastructure, Finance Minister is holding a meeting with the business representatives at “Metechi Pal         11 February 2013 Dutch Organization Offers Assistance to Small and Medium-sized Georgian Companies Dutch organization PUM expands support for Georgian companies.   PUM is the Kingdom of Netherlands government program in the field of project development and cooperation. PUM gives an opportunity to the small and medium companies to invite         06 February 2013 Up to 20 Organizations Interested in the Tender for Renovation of Parliament Building Up to 20 organizations are interested in the tender for the renovation of Parliament building. The Deputy Chief of Staff Shota Goshadze informs “I         05 February 2013 It’s still Unknown, if "Intercontinental" Hotel to be Built in Tbilisi Whether "Intercontinental" hotel will be built in Tbilisi? "Georgian property" company implementing the project still doesn’t         04 February 2013 "Georgian Post" Begins Rebranding “Georgian Post” will soon appear with a new logo and brand. "Georgian Post" informs сommersant.ge that this year the post will offer customers improved and new services. In addition, as the post office says, they have created a back up personnel who will be employed by the post         02 February 2013 Infrastructure Ministry Plans "a Big Meeting" with Business Business has become more active in the country. The Deputy Minister of Regional Development and Infrastructure Shota Murgulia states.         01 February 2013 “Park Inn” Hotel to be Opened in "Georgian Post" Building in 2014 “Park Inn” hotel will be opened in "The Georgian Post" building in 2014. At present, the preparatory works are going on in the building. "Silk Road Group" Supervisory Board member Lekso Topuria states сommersant.ge that a total of 180 rooms will be         31 January 2013 Construction of "Radisson" Hotel Frame Completed in Tsinandali Director of Tsinandali "Radisson" project Giorgi Kharabadze explains сommersant.ge that the hotel’s pricing policy is not yet precisely determined, but is expected to be lower than in Tbilisi "Radisson". Kharabadze notes, 100 rooms will be placed in the hotel's 4         31 January 2013 Tourism Association Refutes Reduction in the Number of Tourists in the Country Tourism Association refutes suspension of tourism development in the country. Recall, a founder of 3-star hotel chain management company "GeoHotel" talks about the lack of tourists in Gudauri resort and says that Mestia as a winter tourism destination no lo         30 January 2013 Funds not yet been Mobilized in One Billion Foundation "GP Morgan" may participate in Georgian Investment Fund Funds have not yet been mobilized in One Billion Agriculture Foundation. According to the Minister of Agriculture, information about investors and         28 January 2013 International Investors Association waiting for Formation of Economic Strategy from Georgian Gov’t The International Investors Association is waiting for the formation of economic strategy from the new government of Georgia.         22 January 2013 It’s Unknown, whether Construction of Pori Airport will be Continued Whether the construction of the largest airport in the South Caucasus will be continued, is still unknown. "Rakia Georgia" chief legal a         21 January 2013 "Argo" Complex to be Opened in Batumi in April The multifunctional complex "Argo" which is called "Batumi funicular " will be opened in April. The internal w         21 January 2013 Georgia to Offer Davos World Forum Investing in Investment Fund he Georgian side will offer participants of Davos World Economic Forum investing in a private investment fund. Minister of Economy says informal as well as official bilateral meetings with investors are planned in Davos.   Giorgi Kvirikashv         17 January 2013 World Bank Predicts Georgia’s Economy to Grow 5.1% This Year The World Bank (WB) has a pessimistic prognosis in terms of the growth of the Georgian economy compared to the country’s government. The report of         17 January 2013 Parliamentary Majority’s Initiative Caused Displease of Bankers and Thanks of Developers "Arci" Director General: If the banks’ intervention in the development business is controlled, our business will develop even more Georgian Builders’ Association is grateful to Parliamentary Committee on Sectoral Economy for the initiative as a result of which banks’ intervention in the development business will be monitored by the antitrust law. A reminder: Chairman of the Parliamentary Committee         17 January 2013 Shopping Center to be Built instead of “Hyatt” Hotel in Tbilisi The luxury class "Hyatt" hotel will not be built in Tbilisi. One of the heads of "Loyal Estate" company implementing the project says that the shopping center will be located in the area of a former "Aragvi" restaurant inste         16 January 2013 Antitrust Laws may Control Banks’ Interference in Development Activities Zurab Tkemaladze considers unacceptable for banks to own construction companies Does the fact that banks own development companies restrict competition in the real estate sector? Radio “Commersant” reports that this problem co         14 January 2013 Economy Ministry to Prepare Conclusion on Industrial and Tourist Zones The government will examine Free Industrial Zones (FIZ) issue, economy ministry has already working on this issue by order of the Prime Minister.         10 January 2013 A Date for the Opening of “Wendy’s” to be Named by the End of Month A date for the opening of “McDonald's" rival - "Wendy’s" will be known by the end of the month. As “Wendy’s” partner in Georgi         10 January 2013 "Loyal Estate": New Government's Course will Arouse the Interest of Foreign Investors Whether 2 billion USD investment can be attracted in the country in 2013? The Minister of Finance was the first who made such a forecast. Economy         09 January 2013 Builders Association of Georgia: Building Business Recovery is Dependent on Gov't Policy and Banks Whether the recovery of the construction industry is expected in 2013? The head of the Builders Association makes a preliminary forecast in a conv         28 December 2012 Economy Minister Names Tourism most Important Direction of Next Year Two candidates to be considered for the post of Chairman of the National Tourism Agency wo candidates will be considered for the post of Chairman of the National Tourism Agency. As the Economy Minister Giorgi Kvirikashvili said at tod         27 December 2012 Experts not Exclude the Entry of Premium-class Network in Retail Market Next Year "Carrefour" won low-income consumers in Georgia What kind of year was 2012 for the Georgian retail market?         26 December 2012 Chinese Company Holding Consultation with Gov’t on "Olympic Village Whether the Olympic Village will be transferred to the refugees? This theme has become topical after Prime Minister said at a meeting with journal         24 December 2012 Finance Minister Predicts an Unprecedented Number of Investments Next Year "There is a strong interest from European countries" 2013 will be the most successful year in Georgia’s history in terms of investments. Georgia’s Minister of Finance states.         19 December 2012 Georgia Ranked 57th in Global Energy Architecture Performance Index 2013 Georgia is ranked 57thamong 105 countries in the World Economic Forum’s newly-launchedGlobal Energy Architecture Performance Index 2013         18 December 2012 12 Thousand Hotel Rooms Reserved for New Year in Bakuriani 12 thousand tourists are expected in Bakuriani for New Year's Eve. The tourist information center in Bakuriani explains the radio ' 123456789101112131415161718192021222324