The FINANCIAL -- Georgian Distribution and Marketing Company (GDMCO), official importer of mayonnaise Sloboda from Russia, ended the year 2013 with 26% sales growth. The tense relations between Russia and Georgia and the recent campaign No to Russian Products did not have any impact on GDMCO’s sales. The final choice on selection made by a store is down to the quality, and not the origins, of a given product.
From InterContinental to InterCo Travel Group - the Company Will Offer Online Sales in 2014
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The FINANCIAL -- While 2013’s mission has been completed and InterContinental LLC successfully ended its initiative to be involved in incoming tourism, the time has now come for the company to set itself a new goal - that is, to offer its customers online sales. New company InterCo Travel Group has been established specifically to provide online sales. The plan is for InterCo Travel Group to replace its mother company InterContinental LLC, and for the company to switch completely to online sales.
The FINANCIAL -- Lopota Resort, which joined the exclusive club of Golden Brand winners this year, is planning to open two new hotels soon. The group is going to offer 30 premium class rooms, the largest size of swimming-pool and a new restaurant able to accommodate 300 guests. The total cost of the upcoming projects is over USD 2 million. “Having confidence in the success of your business” is the main advice of the founder of the complex that brought to fruition a pioneer business plan, which has since been followed by others.
The FINANCIAL -- Barambo, the largest producer of quality chocolate confectionary products in Georgia, plans to increase its production by introducing new kinds of sweets and expanding its ice-cream production line. The company also plans to implement different projects, including charity ones. This year Barambo will be increasing its PR and marketing activities as well.
The FINANCIAL -- Georgian winemakers tested the ground on the Russian market once again when they increased their export to the country in 2013 after seven years of an embargo. This contributed to Tbilvino achieving 35% growth in 2013. The company is aiming for an extra 30-35% increase this year. Georgian wine has been greatly welcomed by Russian consumers.
Kordzadze Law Office: Professionals Oriented at the Best Results
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The FINANCIAL -- “The motto of Kordzadze Law Office is Professionals Oriented at the Best Results,” declared Zviad Kordzadze, the Managing Partner of Kordzadze Law Office, one of the leading legal service providers in Georgia.
Marneuli Food Factory Targeting 20% Growth in 2014
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The FINANCIAL -- Marneuli Food Factory produced more than 5 million cans of a variety of different products in 2013. The company had 15% growth in comparison with the previous year. Next year the company plans to start exporting products. Walnut preserve, wild plum sauce and traditional “ajika” - made in Georgia - have already gained huge popularitywith foreign consumers.
GPI Holding Experienced 20 Percent Increase in Attracted Premiums in 2014
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The FINANCIAL -- Despite the fact that GPI Holding, one of the leading insurance companies in Georgia, does not provide state insurance programmes anymore like other insurance companies in the country, it still experienced an increase in written premium in the first quarter of 2014.
The FINANCIAL -- Smyk, Perspective and DaVinci are new opened in Tbilisi Mall. In total about 10 new brands will be entering Tbilisi Mall in 2014. To compare, year on year the footfall has increased by around 40 percent. There are 7,000-9,000 visitors from Monday to Friday in Tbilisi Mall; 10,000-14,000 visitors on Saturday-Sunday.
Golden Brand
Golden Brand Award Ceremony dates back to 2006. The project was supported by the Ministry of Economy of Georgia, Business Federation of Georgia, American Chamber of Commerce, Tbilisi City Hall and Chamber of Commerce and Industry of Georgia from the very first days of its existence.
