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Daily Archives: July 29, 2015

Cuisines That Deserve World Attention – Georgia Ranked First Place

International media company Mashable, publishes the list of 6 delightful regional cuisines that don’t get enough love, among those cuisines Georgia is lised on the first place.  Mashable  says, Georgia has been overshadowed by its neighboring countries, Russia and Turkey for too many years. Writer talks about special Georgian dish, Acharuli Khachapuri, …

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Agriculture Support Project Ends Successfully

Agriculture support Georgia

Tomorrow, Ministry of Agriculture of Georgia, will host press conference on behalf of completing Agriculture Support Project (ASP), which is financed by the International Fund for Agricultural Development (IFAD). Deputy Minister of Agriculture – Nodar Kereselidze, IFAD- Project Manager – Ms. Durmishidze and Reclamation Department of the Ministry of Agriculture …

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Hype Around the Law on the NB is Unacceptable for PM

national bank

The Prime Minister of Georgia says the hype around  the separation of supervision service  from the National Bank is categorically unacceptable. PM Gharibashvili made this comment for journalists today, when answering a question about the President’s possible use of the power to veto on the issue. “I think the noise, artificially …

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Largest Investment to be Made for the Revival of Mountain Tourism

Development of tourism infrastructure begins in the resort of Bakuriani. The Memorandum of Cooperation was signed between the state and the private sector at Radisson hotel. The Memorandum was signed by the Ministry of Economy, National Agency for State Property Management, Mountain Resorts Development Company and a representative of  New …

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FOREX-Dollar rebounds against euro, yen as focus turns to Fed

The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies and favored the greenback on expectations that the Federal Reserve could take a hawkish bias in a policy statement on Wednesday. Traders said anticipation that the central bank could reinforce …

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Nokia Reveals Ozo, a Futuristic New Camera for Filming Virtual Reality

Nokia today announced OZO, the first commercially available virtual reality (VR) camera designed and built for professional content creators and the first in a planned portfolio of digital media solutions from Nokia Technologies, the company’s advanced technology and licensing business.“We’re thrilled to introduce OZO to the content creation world, and …

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Big Hydro-Electric Stations Are Essential For Tariff Stabilization

“The Association of Young Financiers and Businessmen – AYFB” comments on the tariff correction resolution adopted by the Government and makes some references regarding the issue. Georgian National Energy and Water Supply Regulatory Commission adopted resolution increasing tariff fees for thermal power plants.  Such increase in tariff was completely due …

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Dollar Exchange Rate above 60 Rubles in Russia

On Tuesday’s Moscow trade exchange the exchange rate of the ruble against the dollar exceeded the mark of 60 rubles, which is roughly double the amount prior to the introduction of Western sanctions. The dollar was traded per 59,73 rubles (+2,3%) at the trade exchange; the euro was traded at …

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How should the Georgian Capital Market be Reformed?

An interview with Deputy General Director of  TBC Bank David Tsiklauri In your opinion, why the Georgian capital market is so underdeveloped, and what is the main reasons for this? Unfortunately, for many years, nobody paid attention to the promotion of factors that can encourage the development of the capital …

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