Business

Fadi Asli: Omega Group Started Unfair Attacks on Government

TBILISI(BPI)- The “Omega” group has started unfair attacks on the government due to its own financial problems, “says Fadi Asli. Chairman of the International Chamber of Commerce, “Omega” blamed the unjust attack on the government, Fadi Asli said, their allegations are groundless. The founders of “Omega”, who are also founders and financiers of TV company “Iberia”, say they are pressuring ...

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Spanish Company to Take over Management at Georgia Palace – Reasons Temur Chkonia Plans to Replace Management

TBILISI(BPI)- Spanish company plans to take over management in Georgia Palace Hotel&Spa. The hotel owner businessman Temur Chkonia told BusinessPressNews that decision for the management replacement is related to growing competition. Chkonia has not specified the company that will take over the hotel management. “We have invited famous Spanish company to the Kobuleti hotel management. We have decided to replace ...

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Nike Ema expands business in Georgia

TBILISI(BPI)- “We hope that the opening of the new enterprise Adjara Textile will give us new opportunities and will allow us to do even more in Georgia,” says the regional director of Nike Ema textile company at the opening ceremony  of the enterprise in Poti.   According to him, the company has been working in Georgia for 5 years, and ...

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Georgia’s ad market grew in 2012-2017

TBILISI(BPI)- Georgian National Communications Commission  (GNCC) states  in response to Georgian media statements that in recent years the advertising market is experiencing a serious decline.   The report says that Georgia has 98 broadcasters, of which 21 are nationwide.   According to the GNCC, the main media revenues come from advertising and sponsorship products. 81% of the total advertising market is held by ...

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The Role of Economic Liberalism in Development of Singapore

TBILISI(BPI)- Considering the actuality of liberal principles, we can assume that, economic liberalism is an important topic of the political economy. Its methodology consists of human relations, individual welfare, and laws of economics that are prevalent for success. Singapore is the classic form of free-market liberalism. According to this, the outcomes caused by the liberal economic policy are significant in ...

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International Rating Agency Fitch Ratings Awarded Georgian Water and Power with “BB-” for the third time

TBILISI(BPI)- On February 16, 2018, international rating agency Fitch Ratings awarded Georgian Water and Power with “BB-” for the third time in succession, indicating a high degree of reliability, financial sustainability and system management. Georgian Water and Power is the first non-financial private company in Georgia, which Fitch Ratings has awarded the country’s highest sovereign long-term rating “BB-” in 2015. The ...

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Georgia to Open 34 New Hotels in 2018-2019

TBILISI(BPI)- Ten new hotels will open in Adjara in 2018-2019, including Courtyard by Marriott, Babylon Tower, Swissotel, Le Meridien, Interstate Hotels and Resorts, Pulmann Hotels & Resort, Wellness Resort & Spa on Mtsvane Kontskh, Ramada Resorts, Metro Sky Tower, Twin Tower. As a result, 2039 new hotel suites will be introduced to the hospitality market in the Region. It should ...

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Sophie Tchitchinadze: Communication for Development Makes You Part of Great Social Change

TBILISI(BPI)- Sophie Tchitchinadze is Communications Analyst at the United Nations Development Programme (UNDP) in Georgia. Why did you decide to enter this field and what kind of opportunities does it give in terms of career growth? -Public Relations is more than a career. It is my state of mind. Looking back now, I see that everything I have been doing ...

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FABtalks- Lado Kobakhidze on Design Thinking and Generate Ideas

TBILISI(BPI)- The next meeting of FABtalks will be held on February 15 at 19:00 at Technopark, the main topic of which is – design thinking and generate ideas. Invited guest is an industrial designer with international experience – Lado Kobakhidz. He will discuss about design thinking and review specific examples of how to implement design/novelty.     Design-thinking is a process ...

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Three Companies to Compete for Business House Construction

TBILISI(BPI)_Three million companies will compete for the construction of the 71-million project – Tbilisi Business House. “Dagma LTD.”, “Construction-Industrial Investment Corporation Akord” and the partnership “Business House” presented their proposals in the tender announced by Municipal Development Fund. Currently the Tender Committee of the Fund is busy reviewing the proposals.  “Dagi LTD” is a Georgian company which has received many state ...

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