Issue 4, 2018. August-Septembe

 

INVESTMENT NEWS

Investor.ge provides a brief update on investments and changes in government policy that could impact the business environment. The information in this issue was taken from agenda.ge, a government- supported website, and other sources.
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INVESTOR SPOTLIGHT

Investor.ge is starting a column on new investments and investors to the country. Investor.ge spoke to Infinity Energy's Kresimir Condic about the company's plans to build a new wind farm in Georgia.
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INNOVATORS AND DISRUPTORS: IDEAS TO BRING CHANGE

Georgian entrepreneurs are pushing the country's development forward. This column is about how Georgia's best and brightest are challenging the limits of technology and the market to create the businesses that will change our lives today and shape our future. In this issue, Investor.ge's Nino Bakradze spoke with Zura Jishkariani and Sandro Asatiani about Anima Chatbots - Interactive programs (cognitive agents) with a "soul."
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THE BEST MINDS IN THE BUSINESS: FAMOUS ECONOMISTS WEIGH IN ON GEORGIA

Investor.ge is piloting a new column: questions with internationally renowned economists. We are reaching out to economists from all over the world who have written popular and well-regarded books on the issues that are important to the Georgian economy and to developing economies, and to economists working at think tanks that are at the forefront of development policy. We pose questions about the issues they are working on that apply to the challenges Georgia is facing.
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GEORGIAN PM NAMES NEW ECONOMIC TEAM

New Georgian Prime Minister Mamuka Bakhtadze has overhauled the country's economic team on his streamlined cabinet.
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GEORGIA IN MID-2018: A POSITIVE ECONOMIC TREND CONTINUES

In 2017, the Georgian economy grew well. By mid-2018, economists have observed a continuation of this trend. GDP increased by 5 percent in 2017, and during the period of January-May 2018, growth even accelerated to 6.1 percent. This economic growth is broad-based - agriculture is the only exception to this growth, with a decline in 2017.
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GEORGIAN HOUSEHOLDS: POSITIVE LONG-TERM TRENDS, THOUGH POVERTY REMAINS

In early June, UNICEF published the results of its biannual Welfare Monitoring Survey. Some of the headline findings, such as the increase in children growing up in poverty, drew much public attention. In social media, the findings sometimes were truncated to "poverty in Georgia is up," and some commentators saw this as an indictment of recent government policy.
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GEORGIAN BANKS EYE INTERNATIONAL WEALTH MANAGEMENT

Georgia has entered a new financial market - international wealth management, the domain of "high net worth" individuals. The sector, worth $63.5 trillion according to the latest World Wealth Report from international consulting group Capgemini, could be well worth the banks' efforts.
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SOUTHERN GAS CORRIDOR: DELIVERY OF CASPIAN SEA GAS TO EUROPE THROUGH GEORGIA

BP and its partners announced the startup of Shah Deniz 2 on June 30, 2018, including its first commercial gas delivery to Turkey utilizing new pipeline, compressor stations, and metering facilities in Georgia. BP Georgia spoke to Investor.ge about the Shah Deniz 2 and the South Caucasus Pipeline expansion project, the Georgian part of the Southern Gas Corridor.
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GEORGIAN WINES ON MARS? A NEW INITIATIVE TO GROW GRAPES IN SPACE

A working group has been created to start researching how to cultivate grapes and produce wine in space.
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BANK OF GEORGIA SPLITS, CREATES TWO FTSE COMPANIES

The Bank of Georgia has demerged into two separate entities, creating the Bank of Georgia Group and Georgia Capital. Investor.ge spoke to Bank of Georgia CEO Kaha Kiknavelidze about the demerger and its impact for the bank and the Georgian banking sector.
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GEORGIA'S TOBACCO GAMBIT: NEW REGULATIONS IMPOSE STRICT CONTROL ON TOBACCO USE

A series of new regulations has strictly curtailed where cigarettes can be smoked and how tobacco products can be advertised. This follows significant increases in taxes on cigarettes in recent years and proposed further increases in the future.
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REDUCE, REUSE, RECYCLE: INNOVATIVE WAYS LOCAL BUSINESSES ARE HELPING THE ENVIRONMENT

Eco-friendly building material, parks, investing in local incinerators - companies in Georgia are finding ways to help the environment every day.
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OFF THE BEATEN PATH: GEORGIA'S UNTAPPED POTENTIAL FOR AGROTOURISM

Georgia's rural communities represent an underutilized market for tourism, both domestic and foreign. From wine-making and spa treatments to cooking classes and wilderness trails, the potential for tourism beyond the Tbilisi-Kazbegi-Batumi corridor continues to attract interest and investors.
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TASTING GEORGIA: AN INTERVIEW WITH AWARD-WINNING AUTHOR CARLA CAPALBO

Investor.ge interviewed Carla Capalbo, the author of Tasting Georgia: A Food and Wine Journey in the Caucasus, about her book and Georgia's potential as an agritourism destination.
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