business in Caucasus

Foreign investments in Georgia decline by 6.3%

Georgia attracted $281.1 million in foreign direct investments in the first quarter of 2019, which is a 6.3% decrease compared to the same period of 2018, according to the latest preliminary data of the National Statistics Office of …

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Georgia-Israel business forum to be held in Tbilisi

A Georgian-Israeli business forum, to be attended by about 100 entrepreneurs from Israel, will be held in Tbilisi tomorrow. The Israeli delegation will include large businessmen who have not previously had relations with Georgia. …

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 Yerevan hosts Armenian-Greek business forum

An Armenian-Greek business forum has opened in Yerevan with the participation of Greek Ambassador to Armenia Nafsika Nancy Eva Vraila, head of the Armenian Chamber of Commerce and Industry Andranik Aleksanyan, as …

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Adjara loses investment attractiveness

Foreign investors are losing interest in Ajaria. In 2018, direct investment in the region amounted to $ 35.073 million, which was a record low. The relevant statistics was published by commersant.ge. At the same time, the publication …

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Investments in Georgia decrease by 34%

Foreign direct investment in Georgia in 2018, decreased by 34.9% compared with 2017 year, executive director of the National Statistics Service of Georgia 'Sakstat' Gogita Todradze said. She said that in 2018, …

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Georgia exports 12 mln bottles of wine in two months

Georgia exported about 12.2 million bottles of wine to 32 countries in January-February 2019, which is a 13% increase compared to the same period of 2018, according to the Georgian National Wine Agency. Last month Georgia generated …

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New deep-water port to appear in Poti

Pace Georgia company plans to build another deepwater port in Poti. Today, the company operates 8th terminals of the Poti port. The project was supported by the American Investment Agency (OPIC), which allocated $ 50 million for the project. …

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Commercial gas prices to rise in Georgia

Today, the Georgian gas distribution operator announced an increase in the commercial gas tariffs. The tariffs for legal entities, except for bread production, will grow by 3 cents per cubic meter from March 1. “We want to …

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