– World’s most expensive wine producer to start producing wine in Georgia – Influential French winemaker Loic Pasquet, founder of the company Liber Pater and producer of the world’s most expensive wine is interested in launching his first project in Georgia together with the local wine company “Askaneli” which aims to bring Georgian wine to the most expensive segment of the EU market. The project aims to cultivate vineyards in Georgia and grow the vine there to produce higher quality Georgian wine;
– 50 megawatt wind power plant in eastern Georgia to launch in 2022 – A 50-megawatt wind power plant in eastern Georgia is planned to begin operations in 2022. Georgian Economy Minister Natia Turnava met with Ahmet Calık, the chair of Turkish Calık Energy board, which is one of the major investors in the Georgian energy sector. During the meeting, parties spoke about the current and upcoming investment projects in Georgia, including the Nigoza Wind Power plant. Çalık Enerji is implementing the project in cooperation with the Energy Development Fund of Georgia. The $70 million project aims to employ 200 people in the construction process, while 25 people will be employed after it becomes operational.
– World Bank pledges €85 mln to support job creation, firms affected by pandemic in Georgia – About 6,000 micro, small and medium sized enterprises in Georgia impacted by the Covid-19 pandemic are to benefit from €85 million in financing support, approved today by the World Bank’s Board of Executive Directors. The new’ Relief and Recovery for Micro, Small and Medium Enterprises’ (MSMEs) project aims to help businesses and create jobs by expanding and strengthening programs that support MSMEs and by promoting digitalization of Georgia’s economy. The project aims at alleviating the financial constraints of firms and helping them adjust their business to a post-Covid-19 scenario. The project will also help strengthen the country’s financial infrastructure and increase the use of digital financial services. It will also support the design and provision of technical assistance to firms to adjust to the new normal, via the adoption of relevant managerial, digital and other Covid-proofing practice.
Global digital automotive merchandising company SpinCar acquires Georgian startup Pulsar AI -The global leader in digital automotive merchandising software and data SpinCar has acquired Georgian Pulsar AI startup company, the creator of the auto industry’s “most advanced conversational” AI platform. SpinCar has announced that by combining Pulsar’s automated communication technology with its “industry-leading digital merchandising offering”, the company will ‘expand its solution set to drive greater levels of online shopper engagement and lead conversion for auto retailers: “Pulsar’s team of deep learning specialists, developers, data scientists, linguists and operations personnel have developed some of the most powerful conversational AI capabilities available today”, Devin Daly, SpinCar Co-Founder and CEO said. Pulsar’s conversational AI platform leverages proprietary Machine Learning (ML) models and Natural Language Processing (NLP) combined with Artificial Intelligence technology to engage online shoppers in personalized two-way conversations.
New wastewater treatment plant opens in east Georgian city of Telavi – A new wastewater treatment plant has been opened in Telavi in Georgia’s wine region of Kakheti, in which 16.9 million GEL was invested, announces the Municipal Development Fund of Georgia. The project was implemented by the Municipal Development Fund with financial support from the Swedish International Development Cooperation Agency (SIDA) and the World Bank.