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Daily Archives: November 9, 2017

Terabank Announces the Best Loan Terms

As it’s the best time to buy an appartment, villa, arrange or renovate house with new furniture, Terabank announces the best loan terms. The best way to get money is low-interest rate from 6.5% (effective 6.8%). If you are already using another bank loan, you can review your schedule, combine …

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New Mayor Promises to Simplify Issuance of Construction Permits

Kakha Kaladze

Kakha Kaladze, new Mayor of Tbilisi, has met with about 30 representatives of construction and development companies. Besides technical regulations, at the meeting the parties also discussed bureaucratic barriers at Tbilisi City Hall. Issuance of building permits takes a long period, while decisions are made easily in case of distinct …

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Georgia to Introduce Performance Appraisal System in Civil Service

Best models of performance appraisal in civil service were discussed at a workshop on November 8, 2017, attended by over 60 Georgian Government officials and representatives of international organizations. The event is part of the preparations for introducing a performance appraisal system in Georgia’s civil service starting from January 1, …

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Georgia was Granted with Status of First Fab-Country

In the 11th Fab Conference, Georgia was mentioned as a Fab Country and there are now 22 Fab Labs throughout the country. Modern and developed world is facing many challenges: environmental pollution, crowded cities, consumption of natural resources, etc. Fab City is a global initiative to solve the problems which …

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New Investment Instrument Goes to G&T Trader

In September 2017 Galt&Taggart enabled its clients through G&T Trader platform to make investments in investment instruments attached to Bitcoin price. Starting today Galt&Taggart offers investment instruments built on Ethereum price. Taking into account the clients’ growing interest in cryptocurrency, Galt&Taggart has added two new investment instruments to G&T Trader: …

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Georgian Winemakers Again Are in the Focus of Napa Valley Register

Napa Valley Register, an American professional wine business resource, has published a new article on Georgian wines. “I first tried wines from the Republic of Georgia more than a year ago and wrote a piece titled “The Weird and Wonderful Wines from the Republic of Georgia.” In that piece, I …

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The first Hydropower Plant in Georgia to be Rehabilitated

JSC “Georgian Energy Development Fund”, together with the Ministry of Energy, Culture and Monument Protection, takes part in the rehabilitation project of the Hydropower Plant in Borjomi Municipality Mineral Water Park. After granting the status of the Industrial Cultural Heritage Monument to the project, the issue of restoration was put …

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EBRD has Increased Georgia’s Economic Growth Forecast

The European Bank for Reconstruction and Development is expecting  (EBRD) 4,5% economic growth in Georgia this year, which is a 0.6% increase compared with previous forecast. EBRD is expecting one of the highest growth in Georgia among Eastern Europe and the Caucasus region. The current year’s forecast for the region …

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Government Approves Changes to Enterprise Georgia Program

Marina Morgoshia

Government of Georgia has made changes to Enterprise Georgia state program. The package of amendments was approved at the November 8 government meeting. After the meeting Marina Morgoshia, head of Enterprise Georgia agency of Ministry of Economy told reporters that the package of amendments will enhance the interest toward the …

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