Daily Archives: September 7, 2015

Rosneft President: Russia Has Most Energy Potential

Russia can potentially extract 367-508 billion barrels of oil, the President of Rosneft Igor Sechin stated at FT Commodities. “This is significantly larger than not only the U.S. but Iraq, Iran and Saudi Arabia’s oil potential,” he added. According to Sechin, Russia’s hydrocarbon potential is the largest in the world. “Thus, …

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The Echoes of Moldovan Protests in International Media

The anti-governmental protest, which took place on Sunday September 6th in Chisinau, had a great echo in international media. Even the Russian press, always unfriendly to all what happens in Moldova, stressed that the protests are organised upon people’s desire. Nevertheless, the portal Russkaya Vesna, one of the most extremist …

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TBILISI – Mice Trends and its Immediate Future

Leah Rusia

Article By Leah Rusia-Beselidze Director | Head of Consultancy Services at Cushman & Wakefield | Veritas Brown  Industry predictions indicate that the MICE (Meetings, Incentives, Conferences and Exhibitions) sector is poised for vigorous growth. On the background of the regional financial instability it’s springing back and is positioned stronger than ever. The …

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Georgian Ambassador to Ukraine: Many Ukrainian Companies Apply to Us

An interview with Georgia’s Ambassador to Ukraine Mikheil Ukleba The government’s desire to strengthen the economic aspect of diplomacy  was named the main reason for appointing the Minister of Economy of Georgia Giorgi Kvirikashvili as the head the Foreign Ministry. New Economy Minister Dmitry Kumsiashvili said that ambassadors to various …

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Ad Black Sea and the Main Purpose of an Advertising Festival

From September 24-27 the International Advertising Festival Ad Black Sea will take place in Batumi, Participants from 20 countries will attend the event. This is a new international advertising festival, which aims to inspire all of its participants – advertisers and creative people – with bold, unusual ideas and nontrivial solutions. This is …

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Currency Volatility Preconditions and Georgian Bank System

The last week recorded a new wave of currency fluctuation. It is interesting how the Georgian sector responds to the existing realities and how steady the Georgian bank system is. Giorgi Tkhelidze,  a TBC Bank deputy director general in risks management field, overviews the current developments. – Mr. Giorgi, how …

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Microfinance Organizations – Heavy Burden on Economy (Infographics)

The last years have recorded an impressive leap in the microfinance sector development. The sector has nearly doubled its profits in the first half of 2015. Does this upturn signify a growth in the real economy financing expressed in new enterprises and new job places? Microfinance organizations issue loans to …

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GlobalGathering Georgia 2015

Global Gathering

Friday 11 September, Rustavi International Motorpark, GlobalGathering Georgia 2015 with glorious Fatboy Slim, top notch Georgian and world leading foreign artists. This event is courtesy of the promoters and the partners of the festival. Each person is granted 2 free tickets after registering as per instructions. Please consider 18+ age …

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Murtaz Kikoria Appointed as CEO of BoG

Murtaz Kikoria-BoG

Murtaz Kikoria has been nominated as the new Chief Executive Officer of Bank of Georgia. Kikoria will take over Irakli Gilauri’s former position, while Gilauri will become a board member of the Bank. Prior to this nomination, Kikoria occupied the post of a Deputy Executive Officer since December 2014. Prior …

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Iran Gasoline Exportation to Stream by Next Year

“ Iran will need no more gasoline imports next year when a major refinery being built in the Persian Gulf becomes operational “ the managing director of the National Iranian Oil Products Distribution Company Naser Sajadi said to IRNA. “Iran would turn to an exporter of gasoline once the Persian …

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Coastal City Celebrates “Batumoba” During September 5-6


Guests were given the opportunity to travel to mountainous Adjara without leaving the city. The Batumoba celebration took place in the coastal city on September 5 and 6. This year’s Batumoba stood out with its interesting events and overall diversity, tailored to people of all ages and tastes from both …

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