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Monthly Archives: September 2016

The IMF Welcomes NBG’s Policy to Support Larization

The IMF Welcomes NBG’s Policy to Support Larization

“The IMF welcomes the recent increase in reserve requirements for foreign currency deposits, and reduction for Lari deposits, which will help promote de-dolLarization”, – IMF Mission Chief Ms. Mercedes Vera Martin noted in an interview with Forbes magazine. Representative of the Fund notes, that since mid-2014, Georgia has been hit …

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Populism in Election Pledges

Populism in Election Pledges

Political temperature rises along with coming parliamentary elections. Consequently, political parties compete with each other in terms of economic and other promises. Generous promises frequently remain on the election program papers and therefore, our population remains disappointed because of unfulfilled promises. Economic promises made by various political parties frequently become …

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How Winemaking Companies Are Getting Ready?

How Winemaking Companies Are Getting Ready?

Intense preparatory works are underway in the Kakheti Region for the coming vintage. This yearthe Kakheti Region expects to pick about 200 000 tons of grapes of which, according to preliminary forecasts, 150 000 tons will be used for industrial processing. Giorgi Samanishvili, head of the vintage coordination center and …

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Eight old Tbilisi Streets to Become Pedestrian Streets

In the near future Tbilisi City Hall plans to make eight of old Tbilisi streets car free, pedestrian streets, mayor announced. As the announcement reads, streets such as, Agmashenebeli from #44 to Saarbrucken squire, Erekle II, Botanical, Aleksandre Duma and Gorgasali Alley will be closed from any kind of transport. …

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Shopping In Georgia: Facts

An eclectic culture laden with years of mesmerizing history and coupled with an expanding arts scene, is slowly helping Tbilisi in creating a unique experience of shopping in Georgia, Europe. The elegant shopping capital of Georgia, Tbilisi is making a name for itself with its ever-expanding array of shops in …

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PMCG: State Budget Expenditures in 1H16 Rose by 7.4%

PMCG: State Budget Expenditures in 1H16 Rose by 7.4%

In the first half of 2016, the state budget expenditures rose by 7.4% (+277 million GEL) and constituted 47% of the 2016 planned expenditures (8.5 billion GEL). According to the Policy and Management Consulting Group, this year we should expect the government to balance expenditures. The state budget expenditures have …

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Georgia is One of the Major Mineral Water Suppliers to Russian Market

Georgia is one of the major mineral water suppliers to the Russian market. ROIF Expert marketing agency has examined the mineral waters market of Russia and prepared a corresponding report, under which, mineral water imports to Russia in 2015 increased by 59.6% compared to the 2012 indicators. According to the 2015 …

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Makeathon is Starting: Create Urban Element Prototype

“Municipal Services Development Agency” is announcing Competition of ideas – “Create Urban Element Prototype”. Competition Is open for any Citizen who has attained the age of 16 years. In order to participate in Makeathon, You must register on the webpage of the Fab Lab – Business Incubator – fab.labgov.ge Fill in …

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Ajara Budget Records Surplus Fulfillment

The consolidated budget of the Autonomous Republic of Ajara was fulfilled by 22.5% surplus, while the republican budget was fulfilled by 29.8% surplus. According to the Ministry of Finance and Economy of Ajara, in January-August of 2016, the Ajara consolidated budget plan was 157.458 million GEL, but the real fulfillment …

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