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, …
Read More »Daily Archives: July 29, 2015
Agriculture Support Project Ends Successfully
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 …
Read More »Hype Around the Law on the NB is Unacceptable for PM
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 …
Read More »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 …
Read More »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 …
Read More »Georgian Judoist Gains First Olympic Gold at European Youth Olympic Festival
Georgian native Robinson Beglarishvili has become a champion of the European Youth Olympic Games in judo. Robinson won in the 60 kgs category against the Italian Manuel Lombardo, thus gaining the first Golden medal within the Games. “The Georgian sportsman’s advantage could be seen from the very first seconds of the …
Read More »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 …
Read More »TBC Bank Wins Multiple Awards for Corporate and Consumer Digital Banking
TBC Bank has been recognized by Global Finance Magazine with the fourth consecutive Best Consumer and Corporate Digital Bank in Georgia awards in 2015. The Bank’s consumer digital banking has also been recognized for the Best SMS/Text Banking 2015 in the Central & Eastern European (CEE) region. According to the …
Read More »GPI’s Unprecedented Initiative – Free Natural Disaster Risks Insurance for Vehicles
GPI Holding insurance company has introduced an unprecedented insurance product. The company offers a natural disaster risks insurance package to vehicle owners free of charge. The company held in the product’s presentation at the Tbilisi Zoo territory, one of the most damaged placed after the June 13 natural disaster. …
Read More »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 …
Read More »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 …
Read More »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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