Business Roundup
Compiled by Eter Tsotniashvili
Friday, June 20
Kala Capital names companies for Arsenal City project
On June 16 Kala Capital announced the companies that will plan and build its Arsenal City project.
Kohn Pedersen Fox will manage the planning phase and Arup Group will oversee the construction works.
“When searching for contractors for Arsenal City our main goal was to find those companies that have experience of similar projects,” the head of supervisory board Zurab Noghaideli said.
Japan Tobacco International introduces Camel Natural Flavor in Georgia
Japan Tobacco International (JTI) has introduced Camel Natural Flavor to its tobacco range in Georgia.
“Camel Natural Flavor is an entirely new and unique proposition that complements the Camel family and a fine example of what has been Camel’s top priority over the years: to anticipate smokers’ trends and exceed them,” said Konstantin Fedorov, Japan Tobacco International Vice-President for Belarus and Export Markets.
“We achieve its consistent taste through the selection of 100 percent whole leaf tobacco without the use of flavorings. The result is a smooth, natural, satisfying taste,” he added.
“Georgia represents an important country for our company and we are one of the leaders of the domestic tobacco market, offering Georgian smokers renowned international brands: Winston and Camel,” he said.
JTI has been operating in Georgia since 2000.
TBC Bank opens Gori branch
TBC Bank opened a new branch in Gori on June 13.
The new branch will serve Shida Kartli residents as well as regional businesses. It is the first TBS branch in Shida Kartli and the 46th in the country that offers 24 hour banking services.
TBC Bank offers customers debit cards
TBC Bank is offering clients a new service free of charge: debit cards. They can be used anywhere, company representatives said, and are provided with pin numbers.
Central Bank says government year-end target achievable
Georgian National Bank’s acting president Davit Amaglobeli said interest rates are high enough to slow inflation to the government’s eight percent year-end target.
The inflation rate has declined in the past two months, reaching 11.2 percent in May, down from 12.3 percent in March.
On June 16 Kala Capital announced the companies that will plan and build its Arsenal City project.
Kohn Pedersen Fox will manage the planning phase and Arup Group will oversee the construction works.
“When searching for contractors for Arsenal City our main goal was to find those companies that have experience of similar projects,” the head of supervisory board Zurab Noghaideli said.
Japan Tobacco International introduces Camel Natural Flavor in Georgia
Japan Tobacco International (JTI) has introduced Camel Natural Flavor to its tobacco range in Georgia.
“Camel Natural Flavor is an entirely new and unique proposition that complements the Camel family and a fine example of what has been Camel’s top priority over the years: to anticipate smokers’ trends and exceed them,” said Konstantin Fedorov, Japan Tobacco International Vice-President for Belarus and Export Markets.
“We achieve its consistent taste through the selection of 100 percent whole leaf tobacco without the use of flavorings. The result is a smooth, natural, satisfying taste,” he added.
“Georgia represents an important country for our company and we are one of the leaders of the domestic tobacco market, offering Georgian smokers renowned international brands: Winston and Camel,” he said.
JTI has been operating in Georgia since 2000.
TBC Bank opens Gori branch
TBC Bank opened a new branch in Gori on June 13.
The new branch will serve Shida Kartli residents as well as regional businesses. It is the first TBS branch in Shida Kartli and the 46th in the country that offers 24 hour banking services.
TBC Bank offers customers debit cards
TBC Bank is offering clients a new service free of charge: debit cards. They can be used anywhere, company representatives said, and are provided with pin numbers.
Central Bank says government year-end target achievable
Georgian National Bank’s acting president Davit Amaglobeli said interest rates are high enough to slow inflation to the government’s eight percent year-end target.
The inflation rate has declined in the past two months, reaching 11.2 percent in May, down from 12.3 percent in March.