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BUSINESS WEEK Partner News Agency WWW.ABW.GE ajara business week
August 24, 2015 #7
August 24, 2015, Issue 7
Be informed, do business in ajara
Prime Minister Visits Ajara
Avtandil Beridze: Supreme Council Efforts Will Soon Resolve Land Legalization Issues Pg. 3 Joseph Alexander Smith Betsson Acquires Europe-Bet in $85 million Deal Pg. 2
The Bestselling Spring Water Brands in Batumi The Ajara Business Week (ABW) and Market Intelligence Caucasus, a market research company, continue a join project for conducting weekly research works in Batumi in order to determine five top-selling brands in the specific product categories on the local consumer market. Market Intelligence Caucasus, a subsidiary of the market research global network of TNS, applies modern and international-standard methodologies. Within this project, we have explored the soft drinks retail market and questioned 500 respondents in
the 18 to 65 age category. The ratio of female respondents marked 57%. At the same time, 42% of the respondents were of 18-34 years old and 58% were of 35 to 65 years old. 56% of the respondents were employees. Before we introduce the report, several interesting facts should be also submitted. Namely, 59% of the respondents enjoy spring water at home, 39% in the street, 8% at cafes, 15% at offices, 5% at fiends’ home, 3% at bars, 4% at restaurants, 1% at transports, 2% at motorcars, 4% during travel and 5% everywhere. Pg. 5
Pg. 8
New Ski Resort to New Oil Refinery Open in Ajara in Batumi
The ski resort construction works at the Goderdzi Pass has reached a final phase. The first stage of the resorts infrastructure construction works will be finished in autumn 2015. Ajara Finance and Economy Minister David Baladze says the ski resort will launch operation in the 2015-2016 winter season. The tourism infrastructure construction works at the Goderdzi Pass are financed by 8 million GEL. The final stage of the works at the Goderdzi Ski Resort proceeds in an active regime. All infrastructural projects will be finished in 2015 and the ski resort will receive first visitors in the winter period. The length of skiing tracks is 4 kilometers. The highest point of the ropeway is located at 2350 meter high and this adds special importance to the ski resort. The Goderdzi Ski Resort has already become an interesting destination for foreign tourists. The asset will attract more visitors in the course of time. Pg. 7
The new enterprise will be built on several tens of hectares on the territory of the former refinery, the Akhali Taoba newspaper reads. The new asset will employ local residents. The refinery will be equipped by modern European-standard technologies and the asset will be the most modern refinery in the post-Soviet space. The project’s investment value exceeds 100 million USD. According to the edition, the project is associated with Multiplex company. The Georgia Oil and Gas Corporation (GOGC) says Georgia has extracted 27.7 million tons of oil on average. For the last 10 years an average annual extraction marked 70.6 thousand tons of oil. “The government is actively working on the mentioned project implementation. This project is of vital importance for our country. The new oil refinery will not only strengthen our energy independence and ensure production of European standard products in the Region, but also lower oil prices and regulate the market prices”, the newspaper reads. Pg. 7