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Elton John's concerts in Georgia postponed

person access_time2017-09-08 11:39:21

The two concerts of British pop and rock star, singer and composer Elton John scheduled for September 16 and 17 on Black Sea Arena, have been postponed. 

The decision to postpone concerts at Black Sea Arena in Shekvetili has already been approved. Elton John's concerts will not be held this year in Georgia.

According to the latest news, Steve Johnson, one of the member of Elton John’s band has underwent a surgery on his hand, which was named the official reason for the postponement of the concerts. 


S&P: Azerbaijan, Georgia establishing joint venture to operate BTK

person access_time2017-09-25 13:35:00
    Georgian Railway JSC is establishing a joint venture with Azerbaijan Railways CJSC, according to a report from S&P Global Ratings. The joint venture will operate the Georgian part of the Baku-Tbilisi-Kars (BTK) railway, S&P said. S&P Global Ratings revised outlook on Georgian Railway JSC to negative from stable, at the same time affirming its long- and short-term ratings at 'B+/B'. BTK, a direct rail link that will connect...

Pricing Policy in the Georgian Hotel Sector

person access_time2017-09-25 13:28:57
An interview with Regional PR & Marketing Director at Cushman & Wakefield Georgia Nino Rukhadze Today Georgia sees a real hotel construction boom of both international and local brands. What is the reason for such a rise in investors' interest in the hotel industry of Georgia? First of all, this is due to the growth of the economy and the right PR campaign, which Georgia conducts  in various...

The Cost of Grapes Remains Low Despite Growth in Exports

person access_time2017-09-25 12:17:44
Despite the ruling party’s promises made during the pre-election campaign in 2012 that the purchase price of grapes will not be less than 1 GEL per kilogram, the cost of the product does not exceed 70-80 tetri. The financial situation of the wine growers is worsened by the government’s decision to  stop paying subsidies, and now the price is completely determined by the market. Peasants and farmers who grow grapes consider the instability of prices as the main...

Georgian Banks Earned 38 Million from Fines and Penalties in Six Months of 2017

person access_time2017-09-25 12:02:54
  Commercial banks earned GEL 38 from fines and penalties on  loans  from consumers  in  six months of   2017. Liberty Bank received the highest income from penalties which amounted to  GEL 13 063 588, the second is TBC Bank - GEL 10 120 167.    Bank of Georgia which earned GEL 6 357 465 from penalties in the second quarter of 2017 is the third. On  the fourth place is Credo Bank with...

Number of Insured Vehicles in Georgia Grew 12, 3% in One Year

person access_time2017-09-25 11:25:26
According to the Insurance Supervision Service, in  the second quarter of 2016 53,201 vehicles were insured in Georgia, while in the same period of 2017 - 59,763 cars.   Despite the impressive growth, the problem still remains acute - to date only 8.8% of all registered cars are insured in Georgia. Whereas, for example in the USA, this figure is 87.4%. Low indicators in Georgia are evidence of a low level of development of auto insurance, and low level of insurance...

37 Penalties were Imposed for Excessive Noise in August

person access_time2017-09-25 11:09:20
Patrol police imposed a total of 37 penalties throughout Georgia in two weeks for exceeding the allowable limits of the acoustic sound.   This number of fines was fixed  from August 15 to August 31, when the noise law was enacted.   Most of the 24 penalties were imposed in Tbilisi under Article 77 of the Code of Administrative Offenses, followed by Adjara where law enforcers imposed  10 penalties; one case was recorded in Kvemo Kartli,...

Georgia Sees a Shortage of Nurses

person access_time2017-09-25 10:49:50
In developed countries, there are 5 - 8 nurses per doctor, but in Georgia the situation is exactly the opposite - there are more physicians than nurses.   According to the statistical service,  in 2015 there were 24 307 doctors in Georgia and 15 781 nurses. In 2016, the number of both increased, but the ratio remained unchanged - according to the latest data, the number of physicians and nurses makes 26,552 and 17,093 respectively. The expert Sergo...

"Airzena" Starts Direct Flights to Paris and Other European Cities

person access_time2017-09-22 17:07:19
"Airzena" airline starts direct flights to several European cities next spring. As “Commersant” was told in the company, "Airzena" will add Paris, Barcelona, Berlin, Brussels, Bologna and other destinations from April.   "What destinations  will be added, I cannot tell you beforehand. We'll unveil the details sin the near future. The cost of the flight will be known later as well", - “Commersant"   was told at  “Airzena "public...

"Tskali Margebeli" Entered the Soft Drinks Market

person access_time2017-09-22 13:40:34
Tskali Margebeli, Nabeghlavi mineral water bottling company, has launched a new lemonade line –Shakara. The company director Avtandil Svimonishvili told Commersant that the new product has been released to the local market  from today.   The lemonade will be sold in glass and plastic bottles (0.5, 1 and 1.5 liter). The price of Shakara lemonade in a 0.5 ml plastic bottle will be 1 GEL and in a glass bottle – 1.50 GEL.   At the first...

Temur Chkonia Plans to Build a Factory with OPIC and EBRD Loan

person access_time2017-09-22 13:09:12
Businessman Temur Chkonia holds negotiations with OPIC (Private Investment Corporation of the United States Government) and EBRD (European Reconstruction and Development Bank) to attract financial resources for the construction of the factory to produce buns for McDonald's menu. The businessman in his conversation with "Commersant" says that a volume of investment will reach about 5 million euros.   When asked why the businessman does not cooperate with local banks,...

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