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Daily Archives: January 11, 2016

Georgia’s New Techno Park In Pictures

Techno Park

The construction of Techno Park Georgia has begun in 2015, the overall cost of the project is ₾5 million. The High Technology and Innovation Center consists of small incubators as well as educational centers and laboratories, large offices for companies, rooms for co-work and recreation areas. The accelerator, training-centers, show-rooms, …

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Georgia’s First Technology Park is A 5 Million Project: PM

Technology Park

Fists Technology park has opened in Georgia today, center is located in Okrokhana, Tbilisi’s recreation area near Mtatsminda Park. Upon the initiative of the former Prime Minister of Georgia the Innovation and Technology Agency of the Ministry of Economy and Sustainable Development of Georgia constructed the High Technology and Innovation …

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Gazprom Uses Georgia As A Transit Country: Economy Minister


The Minister of Economy Dimitri Kumsishvili talked with reporters about existed agreement with Gazprom. According to the Minister Gazprom uses Georgia to transit gas to Georgia’s neighboring country Armenia. Negotiations with largest Russian energy company Gazprom is being carried on because our country is used to transit their gas to …

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Sandro Bazadze Wins World Cup Competition in Fencing

Sandro Bazadze

Young Georgian fencer Sandro Bazadze celebrates first wining competition of 2016 at Fencing World Cup competition in Turkey over the weekend. Apart from Sandro Bazadze, two Georgian fencers also succeed at competition; Mikheil Mardaleishvili and Beka Bazadze. Bazadze defeated every opponent and came on first place at play-off, The tournament featured by eight …

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Bureaucracy is the Biggest Problem faced by the Georgian Business

Bureaucracy is the Biggest Problem faced by the Georgian Business

The new Prime Minister of Georgia Giorgi Kvirikashvili promised businessmen to deliver them from what they consider the biggest problem – the bureaucratic barriers. According to him, it’s necessarily to minimize the bureaucratic pressure on business, and simplify procedures for the private sector. The Prime Minister mainly touched on the …

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Mikheil Dundua Reviews the Year of 2015 in Georgian Economy

Mikheil Dundua

Mikheil Dundua an economic expert for the 20/30 civil organization reviews the year of 2015 in Georgian economy.  The 2015 economic indicators should be considered a real success and maximum available achievement amid the current economic realities in the region, Mikheil Dundua told the CBW. The outgoing year brought many problems …

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Kakha Magradze: Business is Restricted Unjustifiably

Kakha Magradze

Chairman of non-Alcoholic producing association, Kakha Magradze talked about labeling law at Georgian television show Business Contact. Why do your members think that mandatory labeling law contradicts Constitution?  The main argument is that business is restricted unjustifiably, this type of registration is not really necessary and we are protesting this regulation, because we …

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Golden Globes Red Carpet


The Golden Globes are the first major red carpet event of 2016, and the stars are taking the opportunity to show off their most glamorous looks. From the moment Hollywood favorites like Alicia Vikander and Brie Larson arrived on the red carpet, we knew it was going to be a …

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Foreign Exchange Reserves of Georgia Totals to 2.5 billion

Foreign exchange reserves georgia

Georgia owns Foreign exchange reserves of 2.5 billion USD by January 1, 2016. The growth amounts to 1,6% in December. While decline of 6,6% has been fixed year-over-year. NBG made intervention of $20 million in December, while brought $20-20 million in November and October. However, $26 960 000 were sold …

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