Category: Business

In an exciting development for businesses and individuals in Georgia, Domenebi.ge, the largest registrar of .GE domains, has announced a special promotion. Starting today, users can register or renew their .GE domains for a period of three years at a significantly reduced rate of 60 GEL, down from the regular price of 150 GEL. This offer is expected to benefit a wide range of users, from small businesses to major…

The Georgian government has signed a significant agreement with the Belgian company Jan De Nul to advance the construction of the Anaklia Deep Sea Port. This strategic partnership aims to enhance Georgia’s maritime infrastructure and boost its competitiveness in the region. The agreement, signed at the Ministry of Economy and Sustainable Development, marks a crucial step in the development of the port, which is expected to play a pivotal role…

In a promising development for Georgia’s wine industry, Minister of Environment Protection and Agriculture, Otar Shamugia, has projected a revenue of GEL 350 million from the 2024 vintage. This significant increase in revenue is attributed to effective government policies and the growing demand for Georgian wine. The announcement was made during the inauguration of the 2024 vintage coordination headquarters in Telavi, where Shamugia emphasized the positive impact of public-private collaboration…

TBC Bank and the Dutch development bank FMO have signed a USD 30 million Nasira portfolio guarantee to support local micro, small, and medium-sized enterprises (MSMEs) in Georgia. Co-funded by the European Commission, the Nasira program aims to enhance access to finance for underserved segments, including young entrepreneurs, start-ups, women-owned businesses, and rural enterprises. This partnership underscores TBC’s and FMO’s shared commitment to fostering inclusive economic growth in Georgia. Strengthening…

In a significant move to bolster financial inclusion and support small and medium enterprises (SMEs) in Georgia, Crystal has signed a USD 15 million senior loan agreement with FMO, the Dutch entrepreneurial development bank. This partnership aims to enhance Crystal’s capacity to provide innovative financial services to micro-entrepreneurs, women, youth, and farmers across the country. The agreement underscores the longstanding and reliable cooperation between Crystal and FMO, which has been…

The Georgian Competition and Consumer Protection Agency (GCCA) has recently issued new recommendations aimed at improving the online provision of services by hotels and accommodation facilities. These recommendations focus on ensuring fair competition and transparency in the market. The GCCA’s guidelines emphasize the importance of justified contractual relationships and the avoidance of exclusive supply conditions that could hinder healthy competition. These measures are expected to enhance the quality of services…

TBC Bank, a leading financial institution in Georgia, has been honored with the prestigious title of Best Digital Bank in Georgia by Euromoney. This accolade recognizes TBC Bank’s significant advancements in digital banking services and its commitment to providing innovative solutions for its customers. The award highlights the bank’s efforts to enhance customer experience through technology, solidifying its position as a market leader in the Georgian banking sector. Recognition of…

In a significant boost to Georgia’s tourism sector, 324 new hotels are set to be built across the country between 2024 and 2028. This ambitious project, spearheaded by the National Tourism Administration, aims to enhance Georgia’s appeal as a top travel destination. The new hotels will add a total of 18,778 rooms and 37,101 places, including 22 international brands. This development is expected to create numerous job opportunities and stimulate…

Red Wings Airlines has announced plans to increase the prices of its avia tickets in response to rising operational costs. The airline, which served 2.7 million passengers last year, aims to boost its traffic by 5% this year, reaching up to 3 million passengers. However, the increasing costs of airport taxes, fuel, and aircraft spare parts have necessitated a review of ticket prices. The final decision on the price hike…

Nestled near the picturesque Lisi Lake, Lisi Event Hall has quickly become a standout venue in Tbilisi. Just a 15-minute drive from the city center, this hall offers breathtaking views of the capital and has hosted numerous large-scale events since its inception. Combining European and Georgian traditional styles, Lisi Event Hall is renowned for its unique approach to event planning, ensuring each occasion is distinct and memorable. A Versatile Space…