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Daily Archives: December 4, 2017

Georgian Wine Among 8 Food and Drink Predictions for 2018

Leading resource for business intelligence in the foodservice industry, Nation’s Restaurant News has published an article listing eight food and drink predictions for the year of 2018, one of which is Georgian wine. Every year, NRN senior food editor Bret Thorn shares his food and beverage predictions for the coming 12 …

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NBG President Refuses Larization Signifies GEL Exchange Rate Stabilization


Larization program is not to stabilize GEL exchange rate, National Bank President Koba Gvenetadze noted at the parliament’s finance and budget committee meeting. “Government has carried out the social program of Larization with the technical support of NBG. Expediency of the social program may be always disputable”, Koba Gvenetadze said. …

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Georgian Wine Company Awarded At International Wine Challenge

Vaziani has been awarded at one of the world’s most influential competition – International Wine Challenge (IWC) 2018, which is held annually in London. All types of Vintage 2016 Qvevri wines presented by Makashvili Wine Cellar were awarded with medals – Gold for Mtsvane, Silver for Khikhvi and Kisi, Bronze …

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Terabank Gldani Branch has Renewed

 Today another branch of Terabank has been renewed by the Concept of Financial House. Terabank’s Gldani branch moved to the new address # 17 Khizanishvili. The renewed branch network is fully compatible with the Bank’s main message: “My Financial House”. Terabank branches offer simultaneous home coherence, qualified financial advice and …

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WB Allocates Additional Finances for Highway Improvement

World Bank

The World Bank (WB) has allocated additional financial resources for East-West highway corridor improvement. Government of Georgia and IBRD have signed an agreement on Additional Financing of East-West Highway Corridor Improvement Project. The document was signed by Minister of Finance Mamuka Bakhtadze and WB regional director in South Caucasus Merci …

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Georgia Close to Finalising New Energy Law in line with EU Standards

Georgian national authorities and representatives of the Energy Community Secretariat recently met in Vienna to finalise the country’s new Energy Law. Agreement was reached on the majority of the law’s provisions. The main and final goal is to ensure its compliance with the Third Energy Package. The discussion mainly focused …

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Giorgi Kadagidze Appointed Acting Dean of Iliauni Business School

Giorgi Kadagidze has been appointed an acting dean of Iliauni Business School. He will occupy the position of a dean after the official competition. Today, the board voted for his candidacy on the position of an acting dean. Before, the mentioned position was occupied by Nino Pataraia, who will lead …

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Poti Seaport Makes Our Corridor Development Perspectives Questionable

“Poti Seaport makes the Black Sea corridor development perspectives questionable”, Minister of Transport Merab Adeishvili wrote on his own Social network page. Cargo turnover in the Black Sea seaports made up 500mln tons in 2016, he said. Novorosiisk – 131.4mln tons; Constanza – 46.2mln tons;  Iujni – 39.2mkn tons; Kavkaz …

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