With a more cigarette-like experience, the next generation of electronic cigarettes could make vaping obsolete. The future of cigarettes may be “smoke free,” as Philip Morris International (NYSE:PM) says, but it is a new platform of electronic cigarettes using heat-not-burn technology that may also kill off vaping as we know …

National Bank of Georgia (NBG) plans to broaden supervisory range. The NBG president has announced the second phase of separating noncore assets from commercial banks in Kutaisi. Details of the second stage will be unveiled soon after the bill will be developed by NBG, Koba Gvenetadze said. Gvenetadze has not specified …

On January 25 Monetary Policy Committee of National Bank of Georgia (NBG) increased refinancing rate by 25 base point to 6.75%. The decision is based on macroeconomic forecasts, under which in 2017 inflation will be mainly above the target indicator. However, in 2018 inflation will decline and will be maintained …

Partnership Fund of Georgia plans to sign an agreement with China Development Bank to authorize the latter to enter all projects of Partnership Fund, David Saganelidze noted at his meeting with businessmen at Employers Association. Under the agreement, China Development Bank will participate in all projects and finance Partnership Fund, …

The Ministry of Environment and Natural Resources Protection of Georgia and United Nations Development Programme (UNDP) completed a 7-year programme to promote the long-term financial sustainability of Georgia’s protected areas. With USD 1 million from the Global Environment Facility (GEF), the programme was implemented by the Agency of Protected Areas …

Currently, project implementation has been suspended, David Mirtskhulava, technical director for Trans Electrica, a Khudoni HPP investor company, noted. “After signature of a final agreement in London, nothing has been done, in reality. The project has been suspended. We have conducted certain exploitation works for 18 months, but then the …

 CLEAN ENERGY GROUP GEORGIA will implement Namakhvan HPP cascade project.  According to the Georgian Energy Development Fund, 3 companies participated in the process which presented proposals. These were: LLC, “General Development”, „POWERCHINA RESOURCES“ LTD and „CLEAN ENERGY GROUP GEORGIA” LLC. After considering all the proposals carefully, the evaluation commission of …

The EU is making great efforts to totally remove the visa regime with Georgia and Ukraine, European Commissioner for Neighborhood Policy and Enlargement Negotiations Johannes Hahn said during PACE winter session. He said Georgia should meet more than 40 and Ukraine more than 150 economic and political conditions of the …

Georgia-Italy business forum will be held in Rome in Spring. Italian ambassador to Georgia Enrico Bartoli told the Business Contract that Georgian Prime Minister Giorgi Kvirikashvili will attend the Forum, as well as major trade agencies of Italy and representatives of Italian business companies. “Italy ranks second in Europe in …

The Eurasia Mobile Challenge (EMC) is an opportunity to enhance your entrepreneurial skills, showcase your unique and innovative thinking and also win BIG. This challenge is not only for people with technical skills, but for people with great ideas that can translate into viable solutions that meet a need in your …

Georgia is open for business and the country has a lot of potential in this field-declared the director of BP, Chris Schlueter which was appointed at the head of Georgian-EU business council as well. According to him, considering his new post, the priority for him will be supporting more investments …

According to the Director of the concert hall Black Sea Arena Dmitry Beridze, the cost of tickets for the performance of the American rock band Aerosmith will be lower than the average in Europe – GEL 70-400. According to him, a small correction in prices is not excluded due to …