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Monthly Archives: September 2016

Georgian Handmade Crafts Are Sold Abroad

Inca handmade

Inca refers to the name of startup created by young Georgian businesswomen Gvantsa Kordzakhia. The main products of Inca are handmade crafts, one of which are called Dream Catcher, which has become very popular in Georgia in recent period. In some Native American cultures, a dreamcatcher is a handmade object …

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TAP: Over 17km line Pipes Strung & 5km Welded Along the Pipeline Route

TAP: Over 17km line Pipes Strung & 5km Welded Along the Pipeline Route

The Trans Adriatic Pipeline has said over 17km line of pipes were strung and 5km welded along the pipeline route, Azertac reported. Connecting with the Trans Anatolian Pipeline (TANAP) at the Greek-Turkish border, TAP will cross Northern Greece, Albania and the Adriatic Sea before coming ashore in Southern Italy to …

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SOCAR Eyes Entering Bulgarian Oil Products Market

Azerbaijan’s state oil company SOCAR is interested in entering the Bulgarian oil products market, head of SOCAR Balkan Murad Heydarov told reporters. He noted that currently SOCAR is holding talks on the possibilities of benefiting from Bulgaria’s gas and oil products markets. “Such talks are underway. We believe this market …

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Gas Production at ACG Exceeds 124 Billion Cubic Meters

President of Azerbaijan’s State Oil Company (SOCAR) Rovnag Abdullayev has revealed the volume of production at Azeri-Chirag-Gunashli (ACG) block of oil and gas fields. In his article published in local state newspapers, Abdullayev said that 407 million tons of oil and 124.3 billion cubic meters of associated gas have been …

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New UK Envoy to Iran Hopes to Boost Tourism Ties

New UK Envoy to Iran Hopes to Boost Tourism Ties

The new British envoy in Iran, Nicholas Hopton hopes that during his tenure in Tehran, the tourism industry will see a huge boom in the land of the rich Persian culture. “I think Iran offers huge potential for a developed tourism market as it used to have in the past…,” …

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National Bank of Georgia has Set a New Exchange Rate

National Bank of Georgia has Set a New Exchange Rate

GEL has dropped against USD, while strengthened against EUR. National Bank of Georgia has set a new exchange rate by September 20, according to which price of 1 USD will become 2,3167  GEL, 1 EUR /2.5866 GEL. Starting with September 19, the GEL has devaluated by 0.0056  point  against USD, …

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Lasha Papashvili: Middle-Segment Hotels are More Perspective in Georgia

Lasha Papashvili: Middle-Segment Hotels are More Perspective in Georgia

Middle-segment hotels are more perspective in Georgia. Lasha Papashvili, founder of company Redix, has reviewed the market with TV-company Maestro (Business Contact). He noted, that middle segment does not mean cheap, but it deferens from luxury sector. He gradually expects demand decline on luxury. He noted, that there are several premium …

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Georgia Misses List of World’s Best Universities

Education level is one of the main indicators for success and development of a country. Education sector plays one of the most decisive roles in economic advancement. Unemployment problem is the major challenge in Georgian reality. When analyzing unemployment reasons, specialists frequently conclude that the education quality and lack of …

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Societe Generale Offered Position for Georgian Banker Ramaz Kukuladze

Ramaz Kukuladze, general director of “Bank Republic” remains in the French group. The Top Manager took offer from Societe Generale, it is unprecedented case in the history of the banking group, which is represented in 5 continents. The banker manages “Bank Republic” from 2011 and the strategic goal of the …

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Hotel Museum is Opens in Tbilisi

Another hotel museum is opened in Tbilisi. The museum is located in Atoneli str, former Place of Maiko Orbeliani. The hotel includes 46 rooms and 3 cafeterias. Official opening of the new hotel was attended by Vice-Premier on Monday. He has noted that more than 1200 hotels  represented in Georgia today …

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Production Price Index Declined by 3.4% in August

tb market

In August the production price index decreased by 3.4%, but increased by 0.04% compared to July 2016. According to Geostat, the national statistics service of Georgia, in August 2016, compared to July 2015, prices in the processing industry sector increased by 0.2% and the sector’s ratio in total index made …

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