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Daily Archives: January 11, 2018

Georgia’s External Debts Exceed 5.1 billion USD

Financial Pyramid In Georgia Grows Unprecedented Internal Debts

As of December 31, 2017 Georgia’s foreign debts constituted 5.177 billion USD. According to Ministry of Finance, foreign debts of the Government marked 5 091 942 USD, while 3 765 041 is owed to multilateral creditors. World Bank is a major creditor. 5 091 942 13 199 331 3 765 …

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CNN: Tbilisi is the Best Destination to Explore in 2018

CNN names 7 most interesting cities to travel in 2018. Tbilisi is among the list. Edition reports that Tbilisi became a hub of fashion and art during last years. CNN notes, that Tbilisi’s newly elected Mayor, former football player Kakha Kaladze’s priorities for the next year will be the development …

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Passenger Flow Increased by 49% at Kutaisi Airport

Passenger flow increases at Kutaisi Airport. The airport served 405 173 passengers in 2017, and 271 363 passengers in 2016. Accordingly, in 2017, the flow at the international airport of Kutaisi has increased by 49.31% compared to 2016 and 121%  comparing 2015. The number of flights from the airport is …

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Georgia will be an Honorable Guest at Frankfurt Book Fair 2018

Georgia will be an honorable guest at Frankfurt Book Fair 2018. In this regard, the National Book Center of Georgia and the Ministry of Culture and Sport of Georgia invite interested companies to prepare the concept of the Pavilion and National Stunt of the honorary guest country of the Frankfurt …

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European Bank to Finance Enguri HPP Modernization Project

European Bank for Reconstruction and Development (EBRD) backs the project for modernization and rehabilitation of Enguri HPP. The Bank has already allocated 28 million EUR sovereign loan to LLC Enguri HPP for the project implementation. This loan is to ensure safe operation of the facility, increase electricity generation and alleviate …

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Ana Chubinidze’s Animation ‘The Pocket Man’ wins 10 Awards

The first Georgian-French co-production, the animation “Pocket Man” continues to win international awards. “Pocket Man” is an animated film by Ana Chubinidze based on film studio “Trace XXI”. The animated film was set in French film theaters and was shown in 185 cinemas between September 27 and October 31, 2017. …

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