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Monthly Archives: August 2015

Company Livo Comes to Russia and Estonia

Natural juices company Livo plans to  export its products to Russia and Estonia. According to  the company’s  Director Goga Samushia, talks with the parties have been completed and export  of products will start in the near future. Four  types of Livo products will be presented in the two countries’ market both …

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Georgian Lari Depreciated Sharply against All Major Currencies

The Secondary Market of Securities is "Frozen"

The national currency has sharply depreciated against all major currencies. The National Bank set the official exchange rate, according to which, the national currency has depreciated against the dollar. In particular, one dollar will be available for purchase at GEL 2.3238. the national currency has depreciated in relation to the euro. …

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Dubai from Above

Dubai from Above

Dubai is the most populous city in the United Arab Emirates (UAE). It is located on the southeast coast of the Persian Gulf and is one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical …

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Lefthanders Day 2015: 15 Left-handed Celebrities

Lefthanders Day 2015: 15 Left-handed Celebrities

August 13 is designated International Lefthanders Day by Lefthanders International. It was first observed on the 13th of August, in the year 1976. As the name suggests, it is meant to promote awareness of the inconveniences faced by left-handers in a predominantly right-handed world. It celebrates their uniqueness and differences, …

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Tbilisi Assembly Approved a Revised Version of the Mirza Shafi Project

Tbilisi City Council has approved a revised version of Mirza Shafi development plan. The majority adopted this decision at  the City Council session. Before the start, the project should pass through several stages, including dealing with  construction permits. The opposition, the majority of the City Council and representatives of civil society …

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Central Bank Raised its Refinancing Rate Again – Expert Evaluation

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on August 12, 2015 and decided to increase the refinancing rate by 50 basis points to 6.0 percent. According to the central bank’s  statement, the monetary policy decision is based on the macroeconomic forecast, which indicates increase …

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National Bank Increases Refinancing Rate by 50 Basis Points

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on August 12, 2015 and decided to increase the refinancing rate by 50 basis points to 6.0 percent. The National Bank has released a statement about the issue, which we are offering without any change in it: …

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“Heat Batumi” to Host Sven Marquardt’s Photo Exhibition

On August 14th, 20:00, Sven Marquardt’s exhibition “FOTOGRAFIEN” will open the City Sound project “Blick 2015” in the art gallery “Glasshouse”. Notable works from the photographer will be displayed, and residents or visitors of the seaside Batumi will be able to visit the exhibition. It will end on August 19th. …

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The Blue Tablecloths of Georgia: New Life of an Old Tradition

Georgian blue tablecloths

In the past, textile production held a special place in the country of Georgia’s arts and culture. The oldest samples date back to around the end of the seventeenth century, cotton tablecloths painted in various hues of blue. In the eighteenth century, artisans began creating printed textiles, using woodblocks with …

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Georgian Lari Depreciated Again

The official price of  one US dollar is GEL 2.3093. The National Bank set the official exchange rate, according to which, the national currency depreciated against the dollar. In particular, one dollar will be available for purchase at GEL 2.3093. Georgian lari  depreciated in relation to the euro too. In particular, …

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These Countries Spend The Most On Health

Spending on healthcare is a hotly debated topic in countries across the world, as developing nations look to transition from the Millennium Development Goals to the Sustainable Development Goals, and advanced economies aim to maintain coverage while reducing costs. But which countries spend the most on health? The answer depends on …

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