Business

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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European Brand Casino to Open at Tbilisi Hilton Hotel

TBILISI(BPI)- One of the famous European brands will open a casino at Hilton hotel in Tbilisi, which will be built in place of the former Ministry of Economy, Merab Chikhradze, founder of Granat investment company told the Commersant. At this stage, negotiations are underway with the brand and details will be unveiled later, he said. “We can only say that ...

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Bjorn Brandzaeg: The Target is to Start the Construction of the Namakhvani Project in 2018

TBILISI(BPI)- Bjorn Brandtzaeg has been associated with the planning and implementation of some of the largest energy projects in Georgia. He is the founder and CEO of Norway’s Clean Energy Group and the CEO of Clean Energy Group Georgia, which is developing the 433 MW Namakhvani Hydropower Plant (HPP). He has twenty years of experience advising financial markets in the ...

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EU-backed Fashion House Pioneers Local Clothing Industry

TBILISI(BPI)- On 5 February, EU High Representative Federica Mogherini welcomed Georgia’s Prime Minister Giorgi Kvirikashvili to Brussels to take stock of the progress made on the Association Agreement between Georgia and the EU. A key point on the agenda was the significant increase in Georgian exports to the EU over the last year, achieved thanks to the Deep and Comprehensive Free Trade ...

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AYFB Requests Georgia’s PM to Set Personal Control Over Road Infrastructure Projects

TBILISI(BPI)- “Association of Young Financiers and Businessmen (AYFB) has recently launched exploration works for exposing available violations in highway construction process and public monitoring whether  announced tenders and their conditions are fulfilled valuably. We know that an unprecedented volume of resources will be applied from the state budget and  international donor organizations and this is one of the most important ...

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