Caucasus Business Week #268

Page 9

9 January 28, 2019 #268

Business News Meli Baghdavadze Slected as Jury Member of the New York Advertising Festival

A group of Georgian interior designers and furniture producers are visiting the German city of Cologne this week to showcase their products at the design fair taking place during Passagen Interior Design Week, Germany’s largest annual design event.

Producer Meli Baghdavadze was invited to join the New York Advertising Festival (NYF Advertising Awards) as a jury member. Meli will evaluate works in FILM CRAFT category.

A Modern-standard High-technology Dried Fruit Plant will be Constructed Sagarejo A modern-standard high-technology dried fruits plant will be constructed in the city of Sagarejo, Kakheti Region as part of Enterprise Georgia state program. Total investment value of the project exceeds 1 million USD.

Luggage Storage Tbilisi to Introduce New Service for Tourists

First Phase of Technology University Construction Works to End in August 2020

New interesting products will be available for Tbilisi visitors starting spring 2019. Namely, Luggage Storage Tbilisi will introduce an automatic service in the capital city.

The first phase of construction of Technology University will be finished in August 2020, while starting September the University will receive first students, Cartu Fund projects director Vakhtang Tsagareli told BM.Ge.

First Batch of Georgian Honey Goes to Europe Two Georgian honey producers are presenting their products at the International Green Week, a one-of-a-kind annual international exhibition of the food, agriculture and gardening industries, in Berlin on 18-27 January. The event brings together over 1,700 exhibitors with over 100,000 products from all over the world. Tariffs and Subscription Fees – Changes for Silknet and Magti Subscribers

Wissol Violates Loan Schedule with OPIC- Company did not Pay 1.5 million USD Wissol company has violated the loan payment schedule with OPIC. D&B Georgia, a 100% stake owner of the company, had to pay the principal sum of the 1.5 million USD loan taken for Dunkin network development in February 2018. Ross Willson: USA Closely Follows TBC Bank’s Case and its Implications on Anaklia Port We are following these developments with attention because of its potential implications for Anaklia and also because the bank enjoys American ownership, Ross Wilson, chargé d’affaires at the US Embassy to Georgia, said when commenting on the developments relating to TBC Bank founder Mamuka Khazaradze.

Silknet and Magti companies plan to increase service tariffs for their subscribers. Magti’s revised tariffs will be effective on February 18, while Silknet will launch new tariffs on March 1, 2019.s Geocell clients will have to pay monthly fee for a mobile number service. The 20-Tetri fee will be deducted on the first day of each month. As to Magti, the company will charge 1 GEL in every 180 days. Georgian Designers and Furniture Producers Strengthen International Ties

Government to Spend 199 million GEL in Tourism Industry Development In various regions of Georgia, the Government will spend 199 million GEL in tourism industry development. A total of 75 entrepreneurs have been selected as part of Enterprise Georgia program.


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