Economy
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.
Read more >>
11 Georgian companies at Wine exhibition VINITALY in Verona
09 April, 2014
Visitors of the 48th wine and spirits exhibition VINITALY 2014 in Italian city of Verona now have an opportunity to taste Georgian wine.
Read more >>
There is a lot of potential to increase Israeli investments in Georgia - Knesset Vice Speaker
08 April, 2014
Hilik Bar, the vice speaker of Israeli Knesset, met with Israeli investors in Tbilisi and inspected the hotel “Rixos”, which is an Israeli investment and is currently under construction.
Read more >>
Putting Georgia on the wine tourism map
03 April, 2014
To raise awareness of Georgia as a wine tourism destination, Tbilisi hosted the 6th annual International Wine Tourism Conference on 29-30 March.
Read more >>
Financial Monitoring Service to be independent
03 April, 2014
The Financial Monitoring Service will leave the National Bank of Georgia and become an independent body under the Prime Minister of Georgia rather than to be handed over to the Ministry of Finances as intended initially, Georgian majority MPs decided after three-week debates and discussions with the Governor of the Central Bank and public sector. However, opponents of the idea still believe this is no compromise as the initiative counters the check-and-balance policy.
Read more >>
PROWEIN 2014 - Georgian wines marked at par
03 April, 2014
Prowein 2014, one of the most esteemed international wine fairs, which was held on 23-25 March in Dusseldorf, Germany, marked Georgian wines at par with the worldwide fames. A big turnout of visitors at the relatively small pavilion of Georgian wines and the incessant negotiations buzzing around during the three-day long exhibition indicated the increasing demand for Georgian wines. The high quality and authenticity of Georgian wine varieties laid ground to this success.
Represented by 16 wine companies, Georgia offered a full package of over 100 wine varieties both white and red ranging from sparkling to dry, semi-dry, sweet and semi-sweet wines.
Read more >>
Micro-finance organizations have ravenous appetite in Georgia
03 April, 2014
Georgian micro-finance organizations charge consumers the highest rates across Europe, thus leading clientele to impoverishment, Association of Young Financiers and Businessmen claim based on their recent study. The AFBA requires a stronger regulation on this end. Micro-financing is one of the fastest growing sectors of Georgian economy and grew 260 times on the assets side between 2006 and 2013. The net loan portfolio grew 256 times and the net profit by 50%. According to the latest statistics of the National Bank of Georgia, the total loan portfolio of the sector accounted for GEL 661 million while 98.5% of the portfolio, GEL 602 million is disbursed on individuals and only 1% or 3.6 million is given to companies.
Read more >>
Georgia – the region of historical, quality wine
03 April, 2014
Georgia, a small South Caucasian country, may become a historical, quality wine region on the global wine map if it matches its multi-millennial viticulture traditions with the modern standards and technology, Lisa Granik - a New-York based Master of Wine who is one of 275 MWs in the world - believes. While attending the Prowein 2014 on 23-25 March in Dusseldorf, Ms. Granik gave her opinion on Georgian wines in an exclusive interview with Georgian Journal.
Read more >>
42 million Euro’s worth subway station to be built near ‘Maghlivi’ building of TSU
02 April, 2014
Manager of Georgia’s Municipal Development fund Elguja Khokrishvili stated that a tender regarding the construction of a new subway station near Tbilisi State University’s 10th building ('Maghlivi')
Read more >>