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Monthly Archives: August 2016

Georgia’s c.bank Buys $20 mln at Currency Auction on Tuesday

NBG

Aug 23 Georgia’s central bank has bought $20 million at a currency auction on Tuesday, as the country’s lari currency has strengthened, Reuters reports. The central bank has bought $258.35 million on the foreign exchange market since March until today after selling $60 million in January.

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Belarus, Georgia Seek to Increase Trade Turnover

Belarus and Georgia have been successfully working on reaching $200 million in mutual trade, Georgian Ambassador to Belarus David Kotaria told a press conference. The diplomat noted that concrete tasks on increasing bilateral trade were outlined after Georgian Prime Minister Giorgi Kvirikashvili’s recent visit to Belarus, BelTA reported. “Active steps …

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Iran Adds 532 mb of Oil, 522 bcm of Gas to its Reserves

Iran Adds 532 mb of Oil, 522 bcm of Gas to its Reserves

Iran added 532 million barrels (mb) of oil and 522 billion cubic meters (bcm) of gas to its extractible reserves since the beginning of Hassan Rouhani’s presidency in mid-2013, an Iranian official told Trend Aug.23 on condition of anonymity. “Currently the country’s recoverable proved oil and gas reserves stands at …

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Georgian Paralympic Wheelchair Fencer Irma Khesturiani to Qualified for Rio

Irma khetsuriani

Georgian wheelchair fencer, Irma Khetsuriani to compete at Rio 2016 Summer Paralympics, committee of Paralympics in Georgia told Ipress. Russia will not compete at next month’s Paralympics in Rio after losing an appeal against a ban imposed for state-sponsored doping, this fact let Irma Khetsuriani to compete in Rio.  As for swimmer …

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Georgia to Host NATO Council on 7-8 September

On September 7-8 the North Atlantic Council (the NAC) will visit Georgia. This is an indication of unparalleled support for Georgia on the part of the North Atlantic Alliance and recognition of achievements attained by the country, – Prime Minister Giorgi Kvirikashvili indicated prior the Cabinet session. According to him, …

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Georgia Deepening Relations with IMF

Mercedes Vera-Martin

Georgian Finance Minister Nodar Khaduri has met with Mrs. Mercedes Vera-Martin, head of the International Monetary Fund (IMF) mission for Georgia, who is paying her first visit to Tbilisi. The parties discussed Georgia-IMF cooperation issues, the current economic situation in Georgia and the whole Region, fiscal policy issues, institutional and …

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National Bank Gave 8.5 mln GEL to the Market

GEL, Lari

The National Bank of Georgia (NBG) supplied more than 8.5 million GEL to the market. At the currency auction, the NBG purchased 8.5 million GEL to the market. The averaged weighed exchange rate made up 2.2802. Investment bankers do not expect this intervention to provoke strengthening the GEL exchange rate. …

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Guylian World’s Favorite Belgian Chocolate to Produce Nuts in Georgia

Belgian chocolate manufacturer Guylian has expressed interest in starting nut production in Georgia. Company representative Paul Bevers has stated that Guylian is already using Georgian nuts in chocolate production, and is now interested in investing in nut production. During a meeting held at the Georgian Ministry of Agriculture, Mr. Bevers …

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Regular Flights to Commence Between Tbilisi and Ashgabat

Regular Flights to Commence Between Tbilisi and Ashgabat

A new flight destination has been added to the Tbilisi International Airport. Following negotiations between representatives of Turkmenistan Airlines and TAV Georgia officials, it has been confirmed that Turkmenistan Airlines is to conduct regular flights on the Ashgabat-Tbilisi-Ashgabat route from September this year. Flights will be performed twice a week …

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Head of IMF Mission’s Visit to Georgia

Head of IMF Mission’s Visit to Georgia

Head of the International Monetary Fund Mission, Mercedes Vera-Martin, is conducting a visit to Georgia. As part of the visit, she has already held a meeting with Finance Minister Nodar Khaduri. According to the Ministry, the two sides discussed issues regarding IMF’s cooperation with Georgia, the existing economic situation in Georgia …

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