Economy
Georgian Companies vs. Batumi Port
17 April, 2014
The Kazakh-owned Batumi Black Sea Port of Georgia is accused of discriminating against the Georgian logistic companies, and of corruption deals. The Georgian freight forwarding company Trans-System accuses Talgat Baitaziev, CEO of the Kazak-owned Batumi Industrial Holding which owns Batumi Port, of discrimination. As Dimitry Gabunia, lawyer of Trans-system, reported on 15 April to the media, Trans-System dismisses its contract with the port and demands more than one million USD as compensation. The afflicted company plans to file a lawsuit at the Batumi city court as well as with the General Prosecutors’ Office of Georgia.
Another logistic company, the international container terminal BICT, has already filed a lawsuit against Batumi Port at the London arbitrage court. This claim is about discrimination of the terminal’s activity from the port through illegal means and contract breakage.
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30 % of tourists expected to visit Georgian resorts instead of Ukraine this summer
15 April, 2014
Georgia awaits an increase in the amount of tourists due to the Crimean crisis.
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Georgian fruit and juices exported in 30 countries
12 April, 2014
“Georgian Naturals” exports processed Georgian fruit to USA, Europe and up to 30 Asian countries. The company processes fruit either by freezing it or exporting abroad as juice.
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Georgian bilberry tea to be exported to Czech Republic
10 April, 2014
“Georgian Bouquet”, a company located in Ozurgeti, started accepting bilberry leaves from local denizens.
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Georgian wine export stumbles in Belarus
10 April, 2014
Export of Georgian wines has been stumbling over alleged technical problems in Belarus for five months already. Some sector players discern alleged political overtones tying the problem to the Kremlin which initiated the customs space of the so called Eurasian Union by gathering Belarus and Kazakhstan in alliance with Russia. The Georgian authorities deny the presence of any political factors and promises the situation will be cleared soon.
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Tbilisi panorama project needs Improvement
10 April, 2014
The Tbilisi Panorama project, a multi-functional complex supported by the Georgian Co-Investment Fund, needs a better feasibility study to get Tbilisi City Hall’s consent for construction. Bidzina Ivanishvili, Georgian billionaire and ex-Prime Minister, is one of the major investors of the project. Due to high public interest towards the project, the Tbilisi Territory Urbanization and Utilization Issues Regulatory Commission set up in the Tbilisi City Hall discussed the Tbilisi Panorama project in an open session on 7 April. The Commission found the project far from perfect at the moment to give its consent on the implementation. A full list of required papers for the approval will be sent to GCF by the end of the week.
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EU free trade prospects challenge Georgia
10 April, 2014
Georgia has started preparing for the upcoming unfettered trade with the EU scheduled to be endorsed this coming June. The past week was full of events initiated by the government and focused on the discussion of prospects and challenges that Georgia may encounter as a result of free trade with a well-developed huge market with much higher purchase power, industry and export potential. The Georgian authorities expect a very positive effect in the long-term although it admits that difficulties will come on the way initially.
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Georgia should not rush with sanctions against Russia
10 April, 2014
Georgia should join sanctions against Russia only if the international community requires this, an overwhelming part of Georgian economic analysts believe. While some active Georgian Facebook users call on boycotting Russian products at Georgian retail networks, following the Ukrainian example that banned the import of confectionery and canned fish as well as some dairy products from Russia as of 4 April, economic analysts recommend Georgia not to rush any kind of adverse economic activity against Russia ahead of the West.
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Better pricing policy for Georgian wines
10 April, 2014
A better pricing and logistic policy is required to raise competitiveness of Georgian wines on the international market. High grape prices and a monopoly in the Georgian logistic sector are two crucial factors that jack up the prices, Theo Jansen, CBI [Ministry of Foreign Affairs of the Netherland] Wine Expert who promotes Georgian wines in Netherland, indicated. While attending Prowein 2014 on 23-25 March, one of the major wine fairs in the wine industry held every year in Dusseldorf, Mr. Jansen elaborated his opinion about Georgian wines and its marketing strategy in his exclusive interview with Georgian Journal.
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