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Monthly Archives: November 2017

Last Night of Tbilisi 20th Jazz Festival

The 20th anniversary Tbilisi Jazz Festival closed yesterday at Tbilisi Concert Hall, performing Papuna Sharikadze, a Georgian jazz artist with special guest, bassist Eddie Gomez. During the concert, the young Georgian musician accompanied Eddie Gomez along with well-known hits, as well as Megrelian ”Nana”. Legendary Stanley Clarke performed on the …

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Products Rising in Price

In October the inflation level rose by 0.8% month on month, while annual inflation rate marked 6.4%. According to Geostat, national statistics service of Georgia, the inflation indicator was shaped by changed prices in the following product groups: food products and soft drinks: the group prices rose by 1.6% and …

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Commercial Banks Rather Harm Economy than Benefit

When appointed as the National Bank President, Giorgi Kadagidze sharply criticized commercial banks and blamed them for frustrating economic development. However, the time passed and Kadagidze has never dared anymore to make sharp statements in relation to commercial banks. We have not heard sharp statements from the current president of …

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Former National Bank Building Sells Out At Auction

Ministry of Finance and Economy of Ajara announces an auction on the former building of the National Bank of Batumi and its surrounding inventory once again. In total 2623,4 sq.m of non-residential space owned by the Autonomous Republic of Adjara, In Batumi. The electronic auction will be announced on 40% …

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The EU to Allocate 2.2 billion Euros for Clean Energy Projects

The program “Horizon 2020” allocates 2.2 billion euros for clean energy projects in four interconnected areas: renewable energy sources, energy-efficient buildings, electric power and storage facilities. It also includes 200 million euros to elaborate and produce next generation electric batteries that will play an important role in reducing dependence on …

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Mtskheta Cinema will Turn Into Archaeological Museum

Georgia has received World Bank funding for the third project of regional development (RDP III). A part of this financing will be used to adapt Mtskheta Cibema building to the Archaeological Museum. The Ministry of Regional Development and Infrastructure has announced tender on construction works. The state procurement is announced …

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Georgia Revises Soil Quality Standards

The new soil quality standards will be introduced in Georgia to replace the outdated normative requirements, which have been in effect since 1980s, and protect soil and agriculture lands from the adverse impact of economic and other activities. The new standards have been developed by the Ministry of Environment and …

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First Georgian Restaurant Supra in Washington DC

The first Georgian restaurant  will be opened in Washington DC On November 7. Easter Washington DC and Ambassador of Georgia spread the news. According to them, the founders of the restaurant are local citizens – Jonathan Nelms and Laura Dunleavy Nelms. The chief driving force of the restaurant will be …

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Legendary Tower of Power Opened Tbilisi Jazz Festival

Tbilisi Jazz Festival opened last night at Event Hall. The place had energetic vibes given by American Soul and Jazz-funk band, Tower and Power originating in Oakland, California. Marcus Scott, Lead Vocals was extremely interactive with the public, swinging their mood from romantic to non-stop dynamic. Emilio Castillo,tenor and alto …

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