Daily Archives: September 6, 2017

Georgia Hosts Exchange Program: Migration – Challenge of Modernity

Migration – Challenge of Modernity

International Centre for Peace and Integration is hosting an exchange program entitled “Migration – Challenge of Modernity” from 4th to 11th of September. The project is funded by European Commission in the frameworks of Erasmus+. It is a two-stage program which holds the purpose of the participant countries sharing each …

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Creative Collaboration of Georgian Artist and German Brand Villeroy & Boch

German Company Villeroy & Boch founded in 1748, nowadays, brand’s production is available in more than 120 countries. German porcelain products, including dishes, can be purchased since 10 years in Georgia. To celebrate this anniversary, Georgian Delegation of Villeroy & Boch decided to create special and exclusive products in agreement …

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EBRD President Names Challenges before Georgian Business

“Need of domestic currency denominated financial resources is one of the key challenges before Georgian business”, EBRD President Suma Chakrabarti told Business Course. Foreign currency denominated loans bring risks to small and medium businesses, the EBRD president added. “Attainability of financial resources is very important for business sector of Georgia”, …

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Opportunity for Civil Society Leaders from Eastern Neighbourhood

Young civil society leaders from the six Eastern Neighbourhood countries (Armenia, Azerbaijan, Belarus, Georgia, Republic of Moldova and Ukraine) are invited to apply for the Eastern Partnership Civil Society fellowship programme and increase their leadership capacity. Supported by Eastern Partnership Civil Society facility, the fellowship programme aims to identify young, …

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NBG Keeps Its Policy Rate Unchanged At 7%


The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on September 6, 2017 and decided to keep the refinancing rate unchanged at 7 percent. The inflation dynamics is in accord with the existing forecast. The annual inflation in August has decreased to 5.7%. According to the …

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Georgia Looks East for its Greatest wine Hope

Riding on the back of strong Georgian wine export performance to China and a newly signed Free Trade Agreement between the two countries, Georgian wines are racking up interest among trade professionals and consumers, bolstered by expected exemption of 14% import tariff on Georgian wines which could take effect as …

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Georgian Tea-producing Company Modernizes and Expands

With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (ERBD) helped Geoplant, a tea-producing company in Georgia, expand into a one-stop-shop for the entire tea production process. Founded in 1996, “Geoplant” Ltd. is currently the largest tea-producing company in Georgia. The company owns …

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Georgia to Develop E-Commerce Strategy

The Ministry of Economy and Sustainable Development of Georgia has started to work on developing e-commerce strategy with the support of the EU and German International Cooperation Society (GIZ) “Small and Medium Business Development and DCFTA in Georgia”. The strategy aims to identify products with high potential in this direction …

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