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Loladze Family Winery Expands to Australian Market

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 Increases Revenue to $436 Million in 2023

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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"Entree" Opens Eighth Branch in Baku with €450,000 Investment

Restaurant and bakery chain "Entree" has opened its eighth branch in Baku, located in the Narimanov district.

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Wizz Air to Resume Direct Flights from Kutaisi to Wroclaw Starting October 30

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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Silknet Presents Sixth Edition of Tsinandali Festival

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 Expands Activities in the United States

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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TBC Launches New International Payment Platform for Businesses

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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ComCom Considers Granting "Magti" Significant Market Power Status with New Regulations

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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Shares of Georgian Companies Plunge on London Stock Exchange

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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Beer Production Hits Record High in Georgia

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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Moody's Elevates Liberty Bank's Outlook to Stable

International ratings powerhouse Moody's has boosted Liberty Bank's long-term outlook to a 'stable' status.

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Bakuriani Launches New Fruit-Flavored Natural Mineral Water

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 Acquires "Topcard" from Rebank

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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Visa-Free Travel to China Opens New Doors for Georgian Wine Exporters," Says Baya Wine's Founder

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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Georgia Sees Surge in Blueberry Exports, Reveals Interim Report

The Competition and Consumer Protection Agency has released an interim report on its ongoing analysis of Georgia's blueberry market.

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Georgian Wine Exports Surge by 22% in Early 2024

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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Restaurants are required to display prices inclusive of VAT and service charges on their menus

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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Visa Partners with TBC to Launch Visa Direct in Georgia

Visa and TBC have joined forces to launch Visa's international payment platform, Visa Direct, in Georgia. The cooperation agreement was signed by TBC General Director Vakhtang Butskhrikidze and Ivan Ponomarov, the Head of Visa VDA for the Central Europe, Middle East, and Africa (CEMEA) region.

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Visa Partners with TBC to Launch Visa Direct in Georgia

Visa and TBC have joined forces to launch Visa's international payment platform, Visa Direct, in Georgia. The cooperation agreement was signed by TBC General Director Vakhtang Butskhrikidze and Ivan Ponomarov, the Head of Visa VDA for the Central Europe, Middle East, and Africa (CEMEA) region.

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Four Pharmaceutical Companies Fined for Price Collusion in Georgia

Georgia's National Competition Agency has imposed fines on four pharmaceutical companies for anti-competitive practices, specifically for violating Article 7 of the Law of Georgia "On Competition". This violation occurred within the state-funded program for oncological medicines.

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Sales Surge for Georgian Chocolate Pitchers - A Local Twist on Kinder Surprise in the Works

Georgia's chocolate industry is witnessing a delightful surge, particularly with the rising popularity of its domestically produced chocolate pitchers. These unique confections have become a hit among both locals and tourists, who often purchase them as gifts to take abroad. Consequently, the sales of these chocolate pitchers have been doubling year after year.

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Monks Revive Ancient Bread Baking Tradition with a Modern Twist

In the village of Khutsubani, at the St. George Monastery, an age-old tradition of bread baking is being revitalized with a unique and innovative approach. The monks use natural yeast, crafted from machchi and mchadi flour, for their bread-making process. This method, deeply rooted in ancient customs, requires 14-16 hours of meticulous attention.

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How to start a business in Georgia easily

Starting your own business is a cherished desire of almost all of us, and its successful implementation requires correct commercial calculations.

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Tourism Revenue Hits $3.3 Billion in First Nine Months of 2023

The tourism sector has marked a significant milestone in 2023, with earnings from international visitors reaching a record-breaking $3.3 billion in the first three quarters.

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Effective Resource Allocation through Media Planning: Interview with Tamta Kalandadze

"Business Partner" has unveiled a new weekly feature titled "Digital Partner". This column delves deep into pressing topics in the burgeoning realm of digital marketing.

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