Georgian National Museum Shalva Amiranashvili Museum of Fine arts invites you to the exhibition of traditional Iranian handicrafts and garments of various ethnic groups. The opening event will take place on September 29, 2016 at 6 pm. The event will be accompanied by the musical group „Mehraiin” from the Mazandar …

Oil refinery complex will be constructed in Supsa. Georgian-Iranian company GEOPARS will invest in implementation of the project. In exchange for performing the relevant investment obligations, the state has granted the company a land plot located in the village of Supsa. Relevant privatization agreement was concluded between the GEOPARS and …

Designed by Mohammad Reza Nikbakht, Niavaran Residential Complex is located in Tehrans, Shemiran area. Shemiran, being spread along Alborz Mountains slope, used to be a summer resort of Tehran until 40 years ago due to its numerous gardens. Presently, still a good number of old trees exist in Shemiran area. The …

On September 27, 2016 Fund “Cartu” donated Niko Pirosmanashvili’s “Roe at a Stream” to Georgian National Museum. “Roe at a Stream” was preserved in Tsitsishvili-Gedevanishvili family from 1949 until 2011. It was never exhibited to the public before. In 2011, the artwork left Georgia and was sold at Sotheby’s auction. …

Georgia is ranked as the 75th in terms of transport infrastructure in the Global Competitiveness Index, published by World Economic Forum. Georgia worsened position by 14 positions comparing to 2015. However, the position is worsened by 20 positions comparing to 2012. Index of roads is worsened by 22 positions comparing …

Much has been written about the Belt and Road initiative since Xi Jinping made it Beijing’s flagship initiative in September 2013. There are many interpretations of the initiative’s ultimate objectives, but one objective is clear. The belt and road scheme will bring huge improvements in regional and international connectivity through …

Max Chups, Truvox International export manager in Europe, has paid the visit to Clean World company. He has talked about the principles of applying the most modern equipment for cleanup specialists of Clean World company. During his visit Max Chips received information about ongoing works at new facilities  and explained …

Georgia has advanced in the rating by 6 positions. The Economic Freedom of the World has recorded changes. Georgia shares 5th-9th   places among 159 countries with equal scores. The rating reflects indicators since 2014 and measures economic freedom level (freedom of choice, markets penetration, private property protection, rule of law …

Institute says anti-tobacco lobbying has led to drop in demand for locally grown crop, impacting livelihood of Indian farmers. The Tobacco Institute of India (TII), which represents the country’s farmers, manufacturers, exporters and ancillaries of cigarette segment of the tobacco industry, has requested the Indian government to allow tobacco farmers …

Implementation of Anaklia Port project will be launched, – an investment agreement between the Government of Georgia and “Anaklia Development Consortium” will be approved today at the Government meeting, following which the document will be signed. The Prime Minister of Georgia indicated that the working process will start within this …

Designing of the biathlon track of the Olympic standards will start in cooperation with the French Company ABEST, 796 500 GEL will be allocated for the purpose of implementation of this program. According to Giorgi Kvirikashvili, the need assessment demonstrated that the said infrastructure will sufficiently increase the year-round visibility …

The ratio of bad loans in the bank sector remains at low level, around 4%. The amount of nonperforming loans accounts for 669 million GEL. In relation to loan portfolio, the most positive coefficient is recorded for Bank Republic (5.2%), ProCredit Bank (5.7%) and TBC Bank (5.7%). The highest ratio …