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Daily Archives: March 26, 2015

Google Project Ara Phones – The Future of Mobile Devices?

google project ara

Imagine your phone as the ultimate Swiss Army knife, the perfect toolkit. What would you want on yours? A mini screwdriver, a fingerprint scanner, a bottle opener? With Google Project Ara phones, the attachment possibilities are endless. Ara’s mix-and-match nature lets you upgrade components a la carte, and play around …

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Premier Forecasts Georgian Lari to Stabilize by Summer

According to Georgia’s Prime Minister, the lari  will further strengthen in the summer. The forecast was made by the Prime Minister at the press conference. Irakli Garibashvili says that in  experts’ and analysts’ opinion,  a period of crisis has been  overcome and the national currency will not depreciate  even more. …

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National Tourism Administration Doubles Spending on Marketing

In  2015  the National Tourism Administration will spend GEL 7.8 million on advertising campaign abroad, which is almost 2 times more than in 2014. According to George Chogovadze,  Director  of  the National Tourism Administration, despite the economic and political situation, Russia and Ukraine still remain the main target markets to …

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Jamaica to be Turned into a Global Logistics Hub

As Jamaica joins a rush to lure the bigger, deeper-drafting boats expected to cross an expanded Panama Canal by mid-2015, political leaders and civic boosters envision the Old Harbor area as a cornerstone of what they envision as a transformative, dream development for the Caribbean island. Jamaica aims to become …

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Telegraph: Open up the Six Nations and let Georgia in

English newspaper telegraph’s journalist writes about Georgian National rugby team. Quietly, almost imperceptibly, Georgia vaulted above Italy in rugby’s world rankings this week. And quite right, too, given that Jacques Brunel’s Azzurriseem to be receding faster than some galaxies, while the sleeping giants of the Caucasus have just finished top …

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Central Bank Keeps Its Policy Rate Unchanged At 4.5%

The Monetary Policy Committee  of the National Bank of Georgia met on March 25, 2015 and decided to keep the refinancing rate unchanged at 4.5 percent. The monetary policy decision is based on the macroeconomic forecast, according to which the risks and expectations affecting the forecast inflation have risen due …

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American Chamber of Commerce in Georgia Addressed Georgia’s Parliament

The American Chamber of Commerce in Georgia has comments on the  amendments developed  by the government to the law on  agricultural land ownership. The AmCham Georgia explains that  Moratorium for foreigners to register agricultural land in ownership on December 31, 2014. The government has prepared a new document that includes …

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Businessmen Expect Economic Situation to Stabilize by the Summer

The Georgian lari’s  shock devaluation has been quite problematic for business. The lari’s  floating  rate  is a  factor hindering business activities, as it is difficult to forecast precisely, so business refrains both from investing and  taking real actions. George Chirakadze,  President of the Business Association of Georgia, told journalists. “It is …

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