Home / 2017 (page 30)

Yearly Archives: 2017

Stronger Together – Musical Prelude to the Eastern Partnership Summit

The concert will be held on 23rd November, on the eve of the 5th Eastern Partnership summit. The concert will consist of two parts classical and jazz, where musicians from Armenia, Azerbaijan, Belarus, Georgia, Moldova, and Ukraine will perform together for this unique occasion where culture and politics will meet. …

Read More »

Cost of Living Grows in Georgia

Cost of Living Grows in Georgia

Cost of living rose in October and the figure made up 174 GEL for able-bodied male, up 5.2 GEL month on moth and up 14 GEL year on year. Cost of living of an averaged consumer constituted 514.10 GEL, up 4.6 GEL month on month and up 12.3 GEL year …

Read More »

Expenditures in Agriculture Sector VS Results

Expenditures in Agriculture Sector VS Results

Having won the 2012 parliamentary elections, Georgian Dream named agriculture sector as a key priority direction. Billionaire Bidzina Ivansihvili stressed that he would invest about 1bln GEL in the sector development. Over the past 5 years, many state programs were implemented in agriculture. Some of them do not function today, …

Read More »

Electric Buses to be Produced Soon in Georgia

The company “Fregobus” plans to start production of electric buses within German-Chinese partnership. Fregobus will sign Memorandum with German company EURABUS and ZTE Corporation, the largest Chinese corporation, on November 23, according to “TV Pirveli”. The memorandum envisages establishment of a single consortium and founding an enterprise within it. The …

Read More »

A Spectacular H&M Party Debuts The First H&M Store in Tbilisi

The excitement over H&M’s arrival in Tbilisi reached fever pitch as nearly 900 VIPs, celebrities, fashion enthusiasts and members of the media gathered for an exclusive shopping party at its 3,000 sqm store at Galleria Tbilisi. The night of November 16th will stay remembered not only for exclusive launch but …

Read More »

NBG Vice President: Public Expectations Make GEL exchange Rate Volatile

NBG Vice President: Public Expectations Make GEL exchange Rate Volatile

GEL exchange rate volatility was preconditioned by public expectations after importers have intensified activities. Archil Mestvirishvili, National Bank vice president: We have noted that Georgia has set floating exchange regime, which is accompanied by market fluctuations. As to the factors affecting exchange rate, we have made comments on the issue …

Read More »

Startup Insurance – Joint offer of Startuper and TBC Insurance for Startupers

TBC Insurance and TBC Bank Program ”Startuper” offers a special product for startupers entitled ”Startup Insurance”.  Starting from today, startup business representatives have the opportunity to use the joint product of the property insurance, and use special discount on automobile insurance service. Startupers will be able to insure company automobile …

Read More »

River Side Hotel, Tbilisi Earns 2017 Tripadvisor Certificate Of Excellence

River Side Hotel, Tbilisi Earns 2017 Tripadvisor Certificate Of Excellence

River Side Hotel, Tbilisi announced that it has received a TripAdvisor® Certificate of Excellence. Now in its seventh yea r, the achievement celebrates hospita lity businesses that have earned great traveler reviews on TripAdvisor over the past year. Certificate of Excellence recipients include accommodations, restaurants and attractions located all over …

Read More »

Bakhvi 3 HPP to Issue Bonds

Bakhvi 3 HPP to Issue Bonds

Bakhvi 3 HPP offers to invest free financial resources in its loan securities – 10-year bonds. Nominal value of total issuance is 1 267 000 USD. Nominal value of a bond is 1000 USD, while annual yield constitutes 9.4%. Bonds are denominated in USD and yields are also paid in …

Read More »

Nenskra HPP Project Investor Company K-water Celebrates the 50th Anniversary

Nenskra HPP Project Investor Company K-water Celebrates the 50th Anniversary

The investor company of Nenskra Hydropower Plant Project, Korea Water Resources Corporation K-water on November 16, 2017, celebrates its 50th anniversary. The company implemented 67 projects of high complexity in 24 countries. At present the company manages 16 multipurpose dams. As of 2016, company’s income was 3 billion US dollars, …

Read More »

Ukrainian Real Estate Trends in 2017

Nick Cotton, Managing Director of Cushman & Wakefield in Ukraine (formerly operating as DTZ). What are the main Ukrainian real estate market trends? Cushman & Wakefield are witnessing strengthening occupational activity in all sectors (office, retail and logistics) in the Kyiv region and, in both offices and retail in the …

Read More »