News of the day
The US State Department recently published a report lauding the investment environment in Georgia, attributing its success to economic stability and progressive reforms undertaken by the nation.
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Economics
Space International, a subsidiary of TBC Group, has partnered with Thoughtwokrs, a global tech consulting company. This is the first project of Thoughtworks in the Caucasus and Central Asia region. Within the framework of the partnership, Thoughtworks will help the first Georgian international financial-technological company - Space International, in tech transformation, introduction of updated engineering culture and strengthening of technical architecture.
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The leather accessories company Gepherrini is performing with 23% growth in 2022.
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Other news
Teldor, a new fungicide developed by BAYER, represents a breakthrough in crop protection with its innovative mode of action. Thanks to its low toxicity and excellent environmental profile, Teldor has easily passed registration, even in countries with stringent regulatory standards, including the USA.
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A new Pullman brand hotel and residences will be built in the Petra Sea Resort in Tsikhisdziri, Adjara, with the official groundbreaking ceremony recently held. First Vice Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili, along with the Chairman of the Adjara government, Tornike Rizhvadze, and representatives from Accor Group’s Pullman brand, attended the event.
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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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The Coast Guard Department of Georgia's Border Police has arrested the Indian-flagged tanker "NAV DURGA" for violating navigation rules within Georgia's territorial waters.
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