The year of 2016 registered a record number of tourists. Inflow of international  visitors reached a historical maximum and exceeded 6 million persons. A tourist from the Netherlands turned out the 6 millionth visitor in Georgia. A special reception was arranged to meet him at Tbilisi International Airport, where he …

In 2016, most of investments were implemented in Transport and Communication sector. According to the preliminary statistics of National Statistics Office of Georgia, 645 million USD was invested in this sector which is 39% of all foreign investments.  Energy Sector is on the second place with the volume of investments-203 …

Georgian writer Anna Kordzaia-Samadashvili’s book, Me, Margarita, has been listed among 365 Books by Women Authors to Celebrate International Women’s Day All Year, compiled by New York Public Library. This list includes a vast range of women authors, and we hope you find some old favorites and some new discoveries. And …

Children clothes producer Georgian Brand Spilow exported its products to London.  Georgian company started collaboration with Igloo Shop and exported own production to London 3 weeks ago. One of the owners of the company, Taso Japaridze declared that mainly dresses and jackets were exported. “Except that, concerning W0rld Book Day, we …

Azerbaijan’s Southern Gas Corridor CJSC has set initial price guidance in the 5.875 percent area for a tap of its existing $1 billion bond, according to one of the banks leading the transaction. Citi, J.P. Morgan and UniCredit are the joint lead managers. In March 2016, Southern Gas Corridor Company …

The Fund Cartu handed over the Rugby stadium of the international standards to Batumi City Hall located on Leonidze Street, Batumi.   The Chairman of the Fund Cartu Nikoloz Chkhetiani, the Minister of Youth and Sports of Georgia Tariel Khechikashvili, the Chairman of Ajara AR Government Zurab Pataradze, the Mayor …

Archil Kontselidze, CEO of VTB Bank explains legislative initiative of deposit insurance by several benefits, despite the high trust of banking sector. He regards, that many positive is supposedly envisaged for the sector. He considers that there is not the need of insurance. The sector is grown dynamically, trust is …

In 2022, energy efficiency projects will be launched in construction sector, which will include not only private but public buildings. The initiative belongs to European Commission. EU delegation visited the Ministry of Economy and Sustainable Development to discuss the the issue and the head of the delegation was a EU …

“Balneological resort construction will start before summer” – declared head of Meidan Group, Ketevan Khurodze. Currently, they hold a competition for the sketch to choose an architect who will prepare the project. According to Ketevan Khurodze, after the project is processed, it will be negotiated with City Hall.  Investor wants …

Need of money is perceived as acute as a desire for life. Our access to money or our solvency to spend money determines our needs and desires. All financial problems take origin from insufficient money. A major part of population suffers from insolvency and this factor fractures economy on global …