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Daily Archives: November 5, 2015

Mercedes-Benz Fashion Week Opens in Tbilisi

Mercedes Benz Tbilisi

National and international designers are coming to Tbilisi to present their latest collections at Mercedes-Benz Fashion Days Tbilisi, which will transform Georgia’s capital into a vibrant fashion metropolis, for the second time this year. Mercedes-Benz Fashion Days Tbilisi will host more than 20 domestic and international designer labels. The event will …

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National Bank Raised the Refinancing Rate by 50 Basis Points to 7.5%

The National Bank of Georgia (NBG) increased  the refinancing rate to 7.5%. According to the NBG, the central bank’s monetary policy committee decided to raise the refinancing rate by 50 basis points and  monetary policy rate amounts to 7.5%. It also reported that a decision on monetary policy is based …

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PASHA Bank hosted representatives of Diplomatic Corps

On November 4th PASHA Bank Georgia hosted representatives of Diplomatic Corps in Georgia. PASHA Bank is a regional corporate and investment bank serving large and medium enterprises in Azerbaijan, Georgia and now already in Turkey. PASHA Bank, being an active member of EU-Georgia Business Council, gladly agreed to host a …

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Vogue Names 9 Georgian Girls As “It Girls”

Nino EliavaNino Eliava

Famous fashion publishing Vogue, writes an article about Georgia’s booming fashion industry. Article names 9 Georgian women and suggests readers to follow them on instagram for the latest fashion trends. Writer also outlines fact that recently Georgian designer Demna Gvasalia appointed as a Balenciaga’s art director. Vogues assesses Georgia’s runway …

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These are the World’s 10 Safest Airlines


With 21 fatal accidents and 986 fatalities, 2014 was marred by some major commercial-aviation crashes. That said, flying is still one of the safest forms of transportation in the world. According to Australian consumer-aviation website AirlineRatings.com, the airline industry transported 3.3 billion passengers on 27 million flights last year. Airline …

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Apple Gears up to Distribute $3 billion to Shareholders


On November 12, Apple will pay shareholders of record a quarterly dividend of $0.52 per share, but investors must have settled ownership of the company’s stock by Thursday November 5 in order to qualify. Apple has been paying its shareholders a dividend about a month and a half after the …

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New Weather Station Benefits Georgian Farmers in Lower Kartli


Farmers in Georgia’s Lower Kartli region are now able to receive precise real-time weather data thanks to a new Agricultural Meteorological Station established in the area. The recently built weather station, installed by Georgia’s National Environmental Agency, will provide valuable information to farmers including weather temperature and humidity, precipitation, wind …

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Air Arabia, Georgia Team up for Indian Roadshow

Giorgi Chogovadze

Air Arabia has teamed up with the Georgian National Tourism Administratio to organize a roadshow in India. The events, which were held in Delhi and Mumbai, were designed to showcase Georgia as a destination to the Indian travel trade, as well as providing an update on Air Arabia’s flights and services. Events were …

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Georgia Unveils Collection of Iranian Short Stories

Iranian Short Stories

Ebrahim Hassan Beigi’s book White Spotted Horse, the first collection of Iranian short stories, was translated and unveiled in Georgia. The unveiling ceremony for the book White Spotted Horse by Ebrahim Hassan Beigi was held in the hall of Georgia’s National Library in Tbilisi on Tuesday evening attended by several …

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NBG Tightens Monetary Policy to Avoid Further Inflation

Inflation Geogia

The Monetary Policy Committee of the National Bank of Georgia  met on November 4, 2015 and decided to increase the refinancing rate by 50 basis points to 7.5 percent. The monetary policy decision is based on the macroeconomic forecast, according to which the National Bank of Georgia continues the monetary …

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Consumer Loan Regulations Turned Adrift

Consumer Loan Regulations Turned Adrift

Agrowth in the consumer loans portfolio – the new challenge before the Authorities that creates problems to the economic development, aggravates social condition, stimulates the imports and consequently, undermines the national currency stability. The consumer loans portfolio exceeds 2.3 billion GEL and this amounts grows on monthly basis. In whole, …

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