In the first half of 2023, Nikora Group, a leading player in Georgia's food production and retail sectors, unveiled robust financial figures, posting a 47% hike in net profit. The company disclosed these results in its semi-annual financial report aimed at its bondholders.
This year, the Georgian government is earmarking approximately 15 million GEL to bolster the international presence of the country's wines, announced Otar Shamugia, the Minister of Agriculture.
Georgia is a country rich with natural resources. Among them, water plays a vital role in drinking, sanitation, agriculture, industry, transportation and, of course, hydropower generation.
On Zandukeli Street in Tbilisi, Sulico Wine Bar stands out as a beacon for those who relish in an extensive range of wine offerings paired with delicacies imbued with Georgian nuances. Since its inception in 2019, both locals and foreigners have been drawn to its unique ambiance.
The Rural Development Agency's Deputy Director, Natalia Kharatishvili, along with the Deputy State Commissioner of Samegrelo-Zemo Svaneti, Davit Verava, recently toured the facilities of beneficiary company "Blue Garden". The duo inspected a newly-developed blueberry plantation and cold storage facility located in the village of Zana, within the Senaki municipality.
In an exciting development for the Georgian beverages market, "Efes Georgia" is set to mark an exceptional year with anticipated record growth in both the beer and non-alcoholic beverages sectors.
ICR Group, a prominent player in the retail business in Georgia, has announced its plans to extend its operations to neighboring countries, Azerbaijan and Armenia. As revealed by Kakha Khazaradze, the Chairman of the Supervisory Board of ICR Group, the expansion is expected to commence in 2024, allowing the group to introduce its brands to these new markets. This move signifies a significant investment and necessitates the establishment of appropriate infrastructure.
In preparation for the upcoming UEFA U-21 European Championship and to show support for the national team, "Coca Cola Bottlers Georgia" has launched a new packaging design featuring photos of the under-21 national team players.
At the heart of Georgian winemaking culture lies a rich family tradition that has been passed down from one generation to the next. One perfect example of such a tradition is Minadze's Marani Phersvi.
Davit Narmania, Chairman of the National Energy and Water Supply Regulatory Commission of Georgia, participated in the forum held in Moldova, Chisinau - "Urban Social Forum Chisinau - 2023". Chairman, as an invited speaker, gave a presentation on energy efficiency and net metering in Georgia at the thematic panel on energy efficient city.
The village of Erisimedi in the scenic Sighnaghi district of Georgia has become home to a flourishing snail farm, thanks to the visionary efforts of the "Snail Garden" company. This remarkable venture has gained momentum with its first successful harvest and subsequent export of products to Italy. The establishment of this unique startup was made possible through strategic financial support, propelling Georgia's snail farming industry into the international market.
A Memorandum of Cooperation was signed between the Georgian National Energy and Water Supply Regulatory Commission and the National Agency for Energy Regulation of the Republic of Moldova. On May 3, in Chisinau, Moldova, the Memorandum was signed by Davit Narmania, the Chairman of the Georgian National Energy and Water Supply Regulatory Commission.
Davit Narmania, Chairman of the Georgian National Energy and Water Supply Regulatory Commission (GNERC), made a speech at the meeting organized by the Georgian Employers’ Association and discussed new opportunities for consumers in the process of liberalization of the energy market. The meeting was opened by the President of the Georgian Employers’ Association, Elguja Meladze.
Eight Georgian wineries showcased their natural, organic, and biodynamic wines at the RAW Wine exhibition in Los Angeles, presenting visitors with a taste of ancient traditions and history of production.
The Bank of Georgia group has announced changes in its management, with the departure of Levan Kulijanishvili, the current Chief Operating Officer (COO) who will be leaving his post on May 12. The news was released via an announcement on the London Stock Exchange.
In the first quarter of 2023, Georgia's wine exports surged to over $56 million, a significant increase compared to the same period last year.
The European Union-funded Twinning Project in theGeorgian National Energy and Water Supply Regulatory Commission (GNERC) - "Green Energy Regulation in Georgia" was completed. The closing ceremony of the project was openedby the GNERC Commissioner, project leader from Georgia, Giorgi Pangani and project leader from the EU member state, DietmarPreinstorfer. They highlighted the achievements and effectiveresults of the project.
The Bank of Georgia has partnered with Altera Audit to offer a new service that aims to help small and medium-sized businesses automate their tax audit process. The service, called Altera, is designed to identify potential tax risks by analyzing accounting data and offering recommendations for financial accounting.
Nestled in the scenic village of Ruispiri, Kakheti, the "Villa Godoly" hotel complex is set to open its doors in early 2024. Co-founder Giorgi Kochladze announced that the complex, located on the edge of a forest at 800 meters above sea level, will comprise a 56-room hotel and 25 villas of different sizes.
In a recent announcement, the popular telecommunication company Beeline has changed its name to "Cellfie" and will continue to operate under this new brand.
In a progressive and eco-friendly move, solar panels have been installed at the Radisson Blu Iveria hotel in Tbilisi, demonstrating the brand's commitment to positive change and environmental responsibility. By prioritizing energy efficiency, the company emphasizes its dedication to eco-friendly practices.
Silk Road Group (SRG) has recently announced its plan to issue $40 million worth of 3-year obligations to finance upcoming projects in Georgia. The nominal value of the obligations will be $1,000.
TBC Insurance, a leading insurance company, has launched a new initiative called "Mental Vacation" for its employees. Starting from March 27th, employees of TBC Insurance can enjoy an additional five days of mental leave, in addition to the standard 24 days of vacation per year. This makes TBC Insurance the first company in Georgia and the Caucasus region to introduce this corporate experience and practice of "mental vacation" for employees in the market.
Mineralgroup, a company focused on producing natural juice and mineral water, has announced its latest product, Water by the Glass.
After gaining popularity in the United States, "Barbales Marni" has now piqued the interest of the Canadian market. The founder of the winery, Zviad Kordzadze, shared this exciting news on the program "Business Rustavi 2".