Daily Archives: May 4, 2018

Coca-Cola Bottlers Georgia Founder: Business Maintains the State in Georgia

TBILISI(BPI)- “The topic of pressure on business has already become an immortal theme in Georgia, which all politicians speak about. But it’s time to forget the word “pressure”, as in reality business keeps the country, ” Temur Chkonia, the founder of Coca-Cola Bottlers Georgia, says commenting on Georgian President Giorgi Margvelashvili’s statement that business is free and does not experience ...

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The Sector Economy Committee : Regulation on loans are required

TBILISI(BPI)- “The problem of excessive indebtedness of the population is determined in relation to GDP, and at this stage the situation in Georgia is not critical, but to avoid this in the future, regulation are required,” Chairman of the parliamentary committee on the Sector Economy Roman Kakulia states.   According to Kakulia, the National Bank found the growth rates of ...

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Ministry of Finance will Toughen up Regulations for Pawnshops

TBILISI(BPI)- According to Finance Minister Mamuka Bakhtadze, new regulations for pawnshops will be developed this month.   In particular, they will restrict the acceptance of  real estate and cars as collateral, for this  fundamental decisions are to be adopted.  “New rules of the game for pawnshops should be  adopted  in the shortest possible time, namely in May. To accept cars ...

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Georgia Saw 6,7% Inflation in 2017

TBILISI(BPI)- According to the National Statistical Office, in 2017 the inflation rate in Georgia was 6, 7%.   The annual inflation was influenced by several factors, in particular, 2, 2% accounted for the price hikes on food. In 2017 vegetables grew in price by 21.3%, fruits by 12.6%, meat by 8.8%, dairy products and cheeses by 8%, butter by 6, ...

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WhatsApp CEO Jan Koum to Leave

TBILISI(BPI)- Jan Koum, the co-founder of WhatApp, the Facebook-owned messaging app is leaving over privacy conflict and encryption. The Washington Post earlier reported about Facbook’s attempt to use WhatsApp personal data and weaken its encryption. According to the Washington Post, Jan Koum will quit his job at Facebook Board of Directors as well. “It’s been a decade since Brian and ...

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Georgia to be One of the First Country to Make Up Cultural Maps and Routes

TBILISI(BPI)- Georgia will host European Forum of Cultural Routes in 2021, – Decision was adopted several days ago at the meeting of Extended Partnership Agreement (EPA) in Luxembourg. Prime Minister Giorgi Kvirikashvili said that up to 300 invited guests from 32 member countries will attend the forum. He said that this forum is important for the country to showcase its ...

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Georgian Wine Export Increased by 36% in the First Four Months of 2018

TBILISI(BPI)- According to the LEPL National Wine Agency, in January – April  2018, 25 mil. bottles (0,75l)  of wine have been exported to 43 countries worldwide, that is 36% higher than the similar data of the last year. Totally, 59,2 mil. USD worth of wine have been exported, that is 43% higher than the data of the previous year. Export ...

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Company M2 Real Estate Purchased Hotel in Gudauri

TBILISI(BPI)- Company “m2 Real Estate” announces the purchase of the hotel in the winter resort Gudauri. M2 invested 7.2 million USD for total operation. ”BK Construction” will carry out 134-room hotel construction. According to plan, hotel will host first guests at the beginning of winter season of current year. The development of hotels network is one of the main directions of ...

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Website to Track Anaklia Port Construction by Redberry

TBILISI(BPI)- The website anakliadevelopment.com was created with the co-operation of the advertising agency “Redberry” and Anaklia Development Consortium. Any interested person can track Anaklia Port goals and progress of construction through specially illustrated design. website gives full information about terms, completed and upcoming works. ”The idea of building and development of the Anaklia Deepwater Port serves to build a world class port ...

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