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BUSINESS

GEORGIA TODAY

JUNE 11 - 13, 2019

Azura Bar Launched at the Biltmore Tbilisi Hotel BY KETEVAN KVARATSKHELIYA

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he hottest party season is about to begin and the Georgian capital is rich in its choice of must-try destinations for a good time. But if you’re looking for more than the average, or want to turn your event into an unforgettable celebration, the recently opened bar Azura, launched by the Biltmore Tbilisi Hotel, is the place to go. With a strong reputation as one of the trendiest spots in the city, the Biltmore Tbilisi Hotel hosted guests at the official opening ceremony of Azura on June 7. Prior to a briefing about the event itself, which we’ll come back to in a moment, it is certainly worth describing the ambience of the venue. Hidden in the green courtyard of the tallest glass building in Tbilisi, Azura represents a wonderful mélange of nature and urban and is nothing short of spectacular. Its founders have organized it in such a way that guests have an opportunity to be in the city center and yet relax among a diversity of flora. Painted plants snake across the ceiling of the bar, maintaining the atmosphere of outdoors-in and a fountain in the center of the courtyard adds a sprinkle of freshness. Azura is located adjacent to the hotel swimming pool, giving guests an opportunity to enjoy refreshments and a wide selection of colorful cocktails while sunbathing. In addition, the guests will find a real paradise on the second floor of Azura, featuring pleasant coolness, delicious cocktails, Shisha varieties and a

beautiful garden view. At the opening ceremony, guests were hosted with delicious specialties and a multiplicity of confectionery, as well as Georgian wine and various non-alcoholic drinks. Within the scope of the event, local and foreign chefs offered attendees

an incredible cooking show of seafood. The evening was accompanied by live music and rounded off with a raffle, awarding lucky winners with interesting prizes. At the event, GEORGIA TODAY spoke with Nino Chechelashvili, PR and Mar-

keting Manager of the property. “There is a wonderful atmosphere with a lot of greenery at Azura,” she said. “We plan to keep surprising guests with novelties. At Azura, we offer mouthwatering dishes and cocktails, healthy smoothies while enjoying the sun, which will help

our clientele to relax in the very best way.” Azura is an ideal venue for summer celebrations and private events, including wedding ceremonies which can be organized by the experienced and professional team of the Biltmore Hotel Tbilisi.

Global Finance Names Georgia among the Most Dynamic Investment Destinations BY ANA DUMBADZE

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uthoritative magazine Global finance has named Georgia among the countries with the most dynamic investment attractiveness, based on measures such as economic stability, rating, and quality of business regulations. According to the Ministry of Economy and Sustainable Development, Global Finance has included Georgia among those countries that are noteworthy due to sharp growth and intensive interest from investors. Georgia is among the leading European countries in this group. While working on the above-mentioned

assessment, Global Finance relied on five economic components: GDP growth forecast, changes in direct foreign investments, corruption perception in the country, the competitiveness of the country and the ease of doing business. According to economic components,

Georgia meets the top 10 countries with the best results in components such as ease of doing business and corruption perception. Global Finance estimates that, due to global trade tensions and internal problems, 2018 was a transformative year for

JSC Nenskra Hydro Statement on the Chuberi Flooding

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enskra Hydro JSC, the Nenskra Hydropower Plant (HPP) project company, released a statement onthe natural disaster that occured in Chuberi village, Mestia municipality, on June 7. According to the company's information, on June 7, 2019, as a result of heavy rain, the Nenskra River tributary Devrula overflowed into Chuberi village. The Devrula bridge was damaged and resulted in paralyzed traffic movement, which has already been restored. In order to ensure the safety of local residents, traffic across the bridge on the River Marghula in Kvemo Marghi village was restricted. The staff of JSC Nenskra Hydro is in continuous communication with the local

community members to assist them as needed. The top management of JSC Nenskra Hydro has visited the site to get a clearer picture of the situation and heavy machinery of the Georgian Construction Consortium (GCC), a contractor company of JSC Nenskra Hydro, has been mobilized. “The existence of a dam in the valley in the near future will enable us to control the water level in the river bed to prevent such natural events," said Teimuraz Kopadze, Chief Operations Officer of JSC Nenskra Hydro. "This will significantly reduce the risk to the population and infrastructure." Since November 2018, JSC Nenskra Hydro has been carrying out preparatory works for the construction of Nenskra HPP in Chuberi, which included rehabilitation

and bank-strengthening works on the areas damaged due to a flood on July 5, 2018. To date, a 211-meter section of the road to Tita village has been fully rehabilitated and access restored. Bank-strengthening works are also complete. As part of the rehabilitation works, the damaged Chuberi bypass (945 m) was partly rehabilitated: the river-bed was cleaned, the existing road was widened and bankstrengthening measures were undertaken. Corrugated pipes and wire grids were arranged to ensure the safety of residents in the vicinity of the village Lari-Lari. Currently, rehabilitation works on the damaged road are being carried out on the project area (14.4 km): a stone embankment and temporary wooden bridges have been set up and the river-bed cleaned.

many economies in terms of concerns in currencies, declining commodity prices, and dwindling investor confidence. According to the publication, on this background, Georgia is among those countries that are characterized by impressive growth and growing interest from investors. “Whether it is true that every great challenge offers great opportunity, emerging markets were certainly handed plenty of both over the past several months. Between global trade tensions and homegrown problems, 2018 proved to be an especially transformative year for many economies. Currency concerns, declining commodity prices, and dwindling investor confidence only added to the turbulence”, reads the publication. “Global Finance describes Georgia as

a country that is characterized by rapid improvements in the business environment with high growth and strong links with the EU. For the above-mentioned assessment, Global Finance relies on the following sources: • IMF, World Economic Review (WEO), October 2018 • UNCTAD, World Investment Report, June 2018 • WORLD ECONOMIC FORUM, Global Competitiveness Report, 2018 • TRANSPARENCY INTERNATIONAL, Corruption Perception Index, 2018 • WORLD BANK, ease of doing business, 2019", - reads the statement released by the Ministry of Economy and Sustainable Development of Georgia.

Profile for Georgia Today

Issue #1158 Business  

June 11 - 13, 2019

Issue #1158 Business  

June 11 - 13, 2019

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