Business

A meeting on consumer rights protection was held in Akhalkalaki within the framework of the 3rd International Consumer Protection Week organized by 6 regulatory authorities. Representatives of the Parliament, local self-government and heads of regulatory authorities addressed the participants at the event. Representatives of organizations working on consumer rights protection issues attended the meeting.
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David Narmania, Chairman of the Georgian National Energy and Water Supply Regulatory Commission (GNERC), delivered a speech at the Consumer Protection Conference, held within the framework of the 3rd International Consumer Protection Week.
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The Energy Training Center at the Georgian National Energy and Water Supply Regulatory Commission (GNERC) has been awarded the „Energy Globe“ Award for the successful implementation of the project "Raising Students’ and Youth Awareness on Drinking Water and Water Resources," supported by UNICEF.
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The state program supporting hazelnut farmers will continue in 2025, with an increased budget of 23 million GEL, according to the Rural Development Agency. The Georgian government officially approved the program and published the relevant resolution in the Legislative Gazette on February 11.
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The National Bank of Georgia has set a new exchange rate. As a result of trading on February 6, the US dollar depreciated to 2.8095 lari. The current rate for today was 2.8224 lari.
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The Georgian beer market has shown steady growth over the past four years, with a 2% increase estimated for 2024, according to Nikoloz Khundzakishvili, Corporate Affairs Director of Efes Georgia. Speaking to Business Partner, Khundzakishvili highlighted the positive dynamics within the sector, reflecting consistent consumer demand and industry expansion.
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TBC Bank and the Bank of Georgia have announced a joint initiative to allocate ₾5 million in aid. The funds will be directed toward supporting affected citizens, as well as small and medium-sized businesses impacted by the ongoing situation.
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The design and construction of the marine infrastructure for the deep-water port of Anaklia on the Black Sea coast of Georgia has started.
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Loladze Family Winery will soon see its wine sold in Australia, marking a new chapter for the business. Founder Erekle Loladze shared the news with Business Partner, stating that the agreement was finalized in the spring of this year, with the first export expected by the end of the year.
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Borjomi Holding has released its 2023 financial report, showing a revenue increase of $21 million, bringing the total to $436 million. Additionally, the company recorded a profit of $85.6 million for the first time since the imposition of Russian sanctions.
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Restaurant and bakery chain "Entree" has opened its eighth branch in Baku, located in the Narimanov district.
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Wizz Air has announced the resumption of its direct flight service from Kutaisi to Wroclaw, beginning October 30. This route marks the expansion of the airline’s service from Kutaisi to Poland, which now includes four destinations: Wroclaw, Katowice, Warsaw, and Poznan.
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The magical days of the Tsinandali Festival are almost here. The historic estate will once again host one of the most prestigious and large-scale festivals of Georgia's cultural scene eagerly anticipated by music lovers year after year.
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Teliani Valley is ramping up its operations in the United States through partnerships with wine importing companies, Georgian House of Greater Washington and Palmateer Consulting LLC, to represent Teliani Vineyard across all states.
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Recently, TBC Group acquired an international payment platform to help businesses easily and quickly receive and manage payments, increase sales, and provide the best customer experience. This platform has been successfully operating on the international market for over seven years, serving leading companies in the industry.
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The Communications Commission of Georgia is considering designating "Magti" as an operator with significant market power. If granted, this status would allow the Commission to impose new regulations on "Magti," which, according to Commission member Ekaterine Imadedze, would improve competition in the market. The proposed regulations include the admission of virtual operators and other measures to be defined for "Magti."
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The prices of shares of Georgian companies on the London Stock Exchange are falling. As a result of today’s trading, the values of shares of Bank of Georgia, TBC PLC, and Georgia Capital have decreased.
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Georgia's local beer production continues its upward trend this year, paralleling the dynamic growth of the country's economy, according to industry representatives.
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International ratings powerhouse Moody's has boosted Liberty Bank's long-term outlook to a 'stable' status.
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IDS Borjomi Georgia is expanding the "Bakuriani" portfolio by venturing into the flavored water segment, introducing a healthier, fruit-infused alternative to the Georgian market.
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Liberty Bank has successfully acquired the "Topcard" product and retail credit portfolio from Rebank. The integration of this new product into Liberty's existing system is scheduled to be implemented gradually over a two-month period. Starting from today, during this transitional phase, "Topcard" customers will continue to receive retail services from Rebank as usual.
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The recent implementation of visa-free travel to China for Georgians is heralded as a significant boost for Georgian wine exporters, enabling more direct engagement with one of the largest markets in the world.
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The Competition and Consumer Protection Agency has released an interim report on its ongoing analysis of Georgia's blueberry market.
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In a positive trend for the Georgian wine industry, exports have shown significant growth at the start of 2024. January witnessed an impressive export of 6.5 million liters of Georgian wine to 36 countries worldwide, marking a substantial 22% increase compared to the same period in the previous year.
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The Georgian Agency of Competition and Consumer Protection, within the food service sector, has set a standard to safeguard consumer interests by mandating the disclosure of total prices.
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