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Daily Archives: February 2, 2017

NBG Published Economic Growth Forecast

National Bank of Georgia (NBG) expects economic growth within the frame of 4 percent. According to the central bank, the growth will be basically conditioned by increase of total consumption and investments, which will be supported by the fiscal stimulus, infrastructural projects and business environment improvement. Forecast made by the …

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Liberty Act and Its Abolition Initiative

“Abolition of Liberty Act would be a major evil before our population”, economist Zviad Khorguashvili noted and unveiled key provisions of Liberty Act: “What is Liberty ACT and what its abolition signifies: Liberty Act is a law that may be revised or abolished by a constitutional majority. It says: Employees …

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European Parliament Approves Visa-Free Schengen Travel For Georgia

The European Parliament has voted overwhelmingly to approve visa liberalization for Georgia, paving the way for Georgians to travel to the European Union’s Schengen zone without obtaining visas. European lawmakers backed visa liberalization, long anticipated in Georgia, by a vote of 553 to 66, with 28 abstentions. Georgians will still …

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History is Made: Final Vote Unblocks Visa Regime to Georgia

History is made, soon Georgian citizens will have free visa regime with European countries, as 553 out of 647 members of EU parliament vote in favor of unblocking visas. The EU-Georgia visa liberalisation dialogue started in 2012 and is expected to go into effect by the end of April 2017, …

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Today is A Historic Day: Giorgi Kvirikashvili

“Today is a truly historic day as the European Parliament is about to vote on visa-free travel for Georgian citizens in the Schengen zone. Today’s decision will be an important demonstration of the EU’s strong political support for Georgia. I am convinced that it will be decided in Georgia’s favor, …

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The Income from International Tourism Exceeded 2 Billion USD

The head of Tourism National Administration of Georgian Ministry of Economy, Giorgi Chigovadze presented the summary of 2016 to private tourism sector and media. Chigovadze talked in details about the projects Tourism National Administration implemented in 2016. “We estimate 2016 as a successful year and first of all,it is proved by …

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Badagi -Georgian Product of the Year

Badagi is a Georgia Churchkhela producer company which was established in 2011. The company was a winner of Business Awards 2016 in the nomination: The product of the year. The founder of the company, Vakhtang Kajarishvili talks about where the idea of Bagadi comes from and how the business succeeded. Tell us, how …

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National Food Agency Tightens Labeling Rules Control Mechanisms


 National Food Agency officials have updated representatives of major supermarkets on obligatory requirements for labeling milk, dairy products and products with milk content. Special focus was made on cheese that is widely consumed and, at the same time, it is considered to be a high-risky product. “It is important to …

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TAP Gas Pipeline can Gauge Customer Interest in Capacity

The Trans-Adriatic Pipeline (TAP) that will take gas from Azerbaijan to Europe is in a position to offer capacity on the line via so-called “open seasons” to gauge interest among potential customers, senior TAP executives said, Reuters reported. “We have prepared the ground for 200 kilometers out of a total …

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