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Daily Archives: October 8, 2015

Russia Has Never been a Reliable Partner – Iran’s Energy Commission

Russia has never been a reliable partner, First Secretary of Energy Commission of the Iranian parliament Amir-Abbas Soltani said in an interview with Trend Oct. 8. “During construction of nuclear power plant in Bushehr, Iran, Tehran has witnessed Russia’s position on Iran,” said Soltani. The station was planned to be …

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Wine and Spirits Exports of Georgia Continue to Decline

In the past months the wine and alcoholic beverages export of Georgia reduced by 44% compared to the same period of  last year, the National Wine Agency reports. The Agency reps say political and economic developments  in the region led to a sharp decline in exports to two largest exporter …

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Georgian PM Met Asian Development Bank’s New Head in Georgia

Irakli Garibashvili held an introductory meeting with Asian Development Bank’s new Director in Georgia Yesim Elhan-Kayalar. The two sides discussed the issues of cooperation between ADB and Georgia. The discussion focused on Asian Development Bank-funded projects in Georgia and future mutual. Cooperation for 2014-2018 Strategy (CPS) was especially stressed during …

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Radisson Telegraph Hotel to be Built in Tbilisi Former Post Building

CBW has been informed that Silk Road Group decided not to build Park Inn hotel in the former building of the Georgian Post. According to the company’s representative, Radisson Telegraph hotel will be located on Rustaveli 31 and can be considered as Radisson’s expansion in Tbilisi. According to Silk Road, a …

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A Loan Earmarked by Gazprombank not Reached the Georgian Hydropower Plant

Setstroyservis management suspected of embezzlement As the Russian Kommersant has learnt, the police raided the office once the largest contractor in the construction of power company Setstroyservis. Investigative actions were carried out in the framework of a criminal investigation of the theft of credit funds earmarked by Gazprombank. In total, …

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Saudi Prince Now Owns 5% of Twitter

Saudi billionaire Prince Alwaleed Bin Talal has given Twitter a big vote of confidence just months after suggesting CEO Jack Dorsey should step aside. Alwaleed has increased its stake in Twitter over the last six weeks to 5.17%, making him the second biggest shareholder after former CEO and co-founder Evan …

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Second European Students for Liberty Conference in Tbilisi

Tbilisi Regional Conference 2015

Tbilisi hosts Second European Students for Liberty(ESFL) Regional Conference, which will be held on October 17th, 2015. The Conference will co-hosted by Georgian Students for Liberty and Young Liberals of Georgia, which are two biggest youth pro-liberty organizations in the Republic of Georgia. We are proud that pro-liberty ideas will …

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Samsung Surprises withThird-Quarter Profit Forecast


South Korean tech giant Samsung Electronics expects its third-quarter operating profit to beat market forecasts on the back of strong semiconductor sales. It forecasts that operating profit jumped nearly 80% from a year ago to 7.3 trillion won ($6.29bn; £4.13bn). The guidance figures for the three months to September exceeded …

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Liberty Bank Awards Teachers of Children with Special Needs

To celebrate the Teachers International Day, Georgia’s Ministry of Education and Science and the Teachers National Center held a celebratory evening on October 5. Georgia’s PM Irakli Garibashvili, Education and Science Minister Tamar Sanikidze, Liberty Bank director Armen Matevosian and the Teachers National Center head Giorgi Machabeli greeted the gathered …

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Revenue From Wine Materials And Brandy Spirits Constituted $100 m

Georgian wine

Revenue from exporting Georgian Wine materials and brandy spirits in January-September constituted $100m.  According to Georgian national wine agency, 97 000 bottles of Chacha worth $372 000 is exported to 20 different countries. Georgia received $100 m revenue from exporting wine, brandy, chacha, wine materials and brandy spirits.

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