Ministry of Economy and Sustainable Development, Georgian Tourism Department and Hualing Group are proudly representing the project of Phoenix TV (one of the largest TV channels in China) – Miss China Cosmos Pageant 2015. 16 Semi-Finalists and TV Crew members will be living during 12-22 September at Hotels and Preference …

The Partnership Fund has started the construction of the controversial Nenskra Hydropower Plant. The fund, along with the Korean company K-Water, the Georgian government, Commercial Operator of Electro-energetic Systems and JSC Georgia Electric System have signed the implementation agreements package at a meeting at Radisson Blu hotel on August 31. …

Organisation for Economic Co-operation and Development (OECD) worsens its prognosis of global economic growth for the next two years. A lot of it stems from economic uncertainty coming from China. It is now expected that the growth of the global GDP will constitute 3% against the June’s 3,1% prediction. Whereas, …

The first international festival Caucasian Cheese 2015 is due to be held in Tbilisi on October 10-11. The cheese makers guild of Georgia will hold this event in Rike park in the center of Tbilisi. The Festival will feature products of cheese makers from Armenia, Azerbaijan, North Caucasus countries, as …

According to the Statistics Service, the volume of remittances from abroad to Georgia decreased by 35.1% in August 2015.  In the same period of 2014, remittances amounted to $84.4 million, that is $45.7 million less. Twelve largest partner countries account for 89.4% of the total volume of transfers from which at …

According to Vice-Mayor of Tbilisi Irakli Lekvinadze, the city authorities are not considering the introduction of paid traffic in order to combat the traffic congestion on Tbilisi roads. “A statement  made by the head of Improvement Department of Tbilisi City Hall about such a solution to the problem does not …

According to the Georgian Economy Minister Dimitri Kumsishvili, revenues of the tourism industry received from Russian tourists in Georgia amounted to more than $315.3 million in January-August period of 2015. In January-August of 2015 the number of visitors from Russia increased by 15% compared to  the same period of last …

Financial markets that have been buffeted by the prospect of the first US interest rate hike in almost a decade are buckling up as the Federal Reserve begins meeting Wednesday to weigh its decision. An uncommon debate has raged over whether the US central bank should go ahead with a …

“If the dollar continues to strengthen, it will have a serious negative impact not only on the energy sector, but also other economic sectors,” the Minister of Energy Kakha Kaladze states. According to him, after Georgian Dream came to power, the electricity tariffs declined significantly but returned to the previous level …

In 8 months of  2015, Georgian wine exports went down by  46%. The current economic situation in the region was named the main reason for this. The National Wine Agency officials say that the sharp decline in exports in the two  largest exporter countries – Russia (-58%) and Ukraine (-63%) …

Georgia’s Minister of Economy Dimitri Kumsishvili discussed the profit Georgia earned by letting the Russian airlines enter Georgian air market. Georgia is enjoying significant financial and economic benefits since launching direct flights between Georgia and Russia, Agenda.ge reports. Latest figures revealed increasing numbers of people traveling between the two nations …

Exhibition season opens at Alexander Chavchavadze Museum from September 19 to 24th  with the contemporary French artists Francois-Marie Anthonioz and Mino’s exhibition. The display is organized by Silk Road Group, Silknet company and by the Embassy of France in Georgia. Tsinandali Palace has always been a host to French culture and has …