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Daily Archives: April 3, 2017

10 People to Lose Houses Due to Tbilisi-Rustavi Highway Construction

10 people will lose their houses due to Tbilisi-Rustavi Highway Construction. Municipality Development Fund already received confirmation from the Minister of Economy for expropriation. Asia Development Bank supports the fund to implement Tbilisi-Red Bridge Highway Reconstruction-modernization project.  Currently, resettlement of A and B highway inhabitants take place. Houses which are …

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Georgia’s Revenues from Foreign Tourism Totaled $481 million

In the fourth quarter of 2016 Georgia’s revenues from foreign tourism constituted 481 million USD, up 12.5% year on year (+54 million USD). According to National Tourism Administration, in 2016 Georgia’s total revenues from foreign tourism exceeded 2.2 billion USD, up 11.9% year on year (+230 million USD). Tourism sector’s …

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Kazakhstan Reveals Plans for Cargo Transportation via Azerbaijan

Kuryk port

Kazakhstan plans to export over 450,000 tons of gas oil via the new Kuryk port and then through Azerbaijan and Georgia until late 2017, Head of Kazakhstan Railways National Company Kanat Alpysbayev told reporters in Baku. He made the remarks on the sidelines of the general meeting of the Union …

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Caucasus Epos Published in Georgian and Ossetian

Ivane Javakhishvili Tbilisi State University hosted a presentation of “Nart Saga for Children” in Georgian and Ossetian languages and the third edition of the Georgian-Ossetian and Ossetian-Georgian Dictionaries. Both books have been published by the non-governmental organization “Caucasus Mosaic” with assistance from the European Union (EU) and United Nations Development …

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TBC Bank Inks Three Loan Agreements Worth USD100 Million

TBC Bank Affirmed Distribution of Dividends in the Amount of GEL 54 Million

TBC Bank Group PLC said it has signed three loan agreements for a total of USD100 million, denominated in Georgian lari, with the European Bank for Reconstruction & Development. The European bank will provide the funds through three loan facilities, with USD60 million in lari to support implementation of the …

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Construction Of Golf Courses to Complete in Autumn

Lower Kartli NGO, Sida organized an information-consultation business meeting with the representatives of lower Kartli business. They discussed the perspectives of improvements in the field of economy and were introduced to different government programs for the development of agriculture. The governor of Low Kartli, Paata Khizanishvili gave an interview about …

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SES Celebrated 5th Anniversary in Georgia


World-leading satellite operator SES organized an event for partners and media – “5th Spring in Georgia”- dedicated to the 5-years successful operations on local telecommunication market. The event was held in “Museum Café” and more than 50 guests from leading media, communication companies and other business representatives attended the celebration. …

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Georgia’s Okruashvili Tops Podium on Final Day in Tbilisi

The final day of the Tbilisi Grand Prix saw home favourite Adam Okruashvili roar to the heavyweight title. In football, support at home is often regarded as having an extra man on the field. In judo, perhaps it equates to having an extra 20kg on your back. However you want …

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Georgia’s External Debts Mark 15.5 billion USD

As of December 31, 2016, as compared to 2015, Georgia’s external debts have grown by 416 million USD and totaled 15.5 billion USD. Because of upturn in debts and GEL depreciation, external debts’ correlation to total GDP considerably increased. Georgia’s external debts accounts for 108% of the 2016 GDP. External …

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