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Monthly Archives: August 2018

Celebration of Coolness and Soft Drinks in Mtatsminda Park

The hottest month of the summer has already started. And as usually, Mtatsminda Park is the best place to find a shelter against the sun. The park administration doesn’t leave its guests with nothing but the richness of the nature this time either, and organizes another event. On this occasion …

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Tornike Rizhvadze Names Key Challenges of Adjara Region

Heavy social situation in villages remains one of the key challenges in the region, Tornike Rizhvadze, head of Adjara Government, noted. “When talking about inclusive development, we imply maximum inclusion of our population in economic activities. We imply our citizens, who is not able to reap real results of economic …

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UNWTO Announces Competition on Global Tourism

With the initiative of the United Nations World Tourism Organization (UNWTO), the competition will be held on global tourism, the competition comprises 164 countries. The aim of the competition is to transform the tourism sector, introduce innovations, demonstrate new business models, including circular economy and share economy. Giorgi Chogovadze, head …

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Pasha Bank Saving Clients from Fines

Pasha Bank’s ROE and ROA have declined to 3.76% and 1.45%, respectively (H1/2017 -4.77%; 1.91% ). As reported, National Bank of Georgia (NBG) has introduced new regulations – additional buffers in capital (concentration and counter-cycle buffers) and the capital coefficient was raised (≥4.5%; ≥6%;  ≥8%). As of July 1, 2018, the …

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PFI Future Plans to Invest 100 Million EUR in Georgia

Mikheil Khidureli, Director of the “Produce Georgia” Agency of the Ministry of Economy and Sustainable Development met with Polish company PFI Future representatives. The company is interested in development of multifunctional tourism infrastructure in Tbilisi and Batumi. The project includes oceanarism, hotel, entertainment center, conference space and other types of …

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Georgian DJ Opened 24-Hour Club in London

Georgian DJ Lasha Zhorzholiani, also known as Voicerone opened 24-hour club in the East part of London. This will be the first club to host 600 guests and stay open 24/7, as Lasha said at Commersant. The Londoners are very strict about the opening of new places. We conducted the …

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Georgian Student Won Silver Medal on International Physics Olympiad

In Lisbon, Portugal, 49th Students’ International Physics Olympiad (IPhO) completed, where Georgia was represented by a group of five students. According to the information provided by the Ministry of Education, the Vekua School student Zurab Jashi showed the best results in the competition and obtained the silver medal. It is …

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Myway Airlines Plans to Transform Tbilisi International Airport into Hub

Recently-founded airline Myway Airlines has entered the Georgian aviation market with quite ambitious plans. By the end of 2018 the airline will launch flights to European countries. In his interview with AviaNews, Igor Aptsiauri, commercial director of the airline, talks about the company plans and operation details. -When have you …

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Winery Khareba to Build Hotels All Over Georgia

Winery Khareba plans to build hotels all over Georgia , the company director general Giorgi Ezugbaia told BM.GE. This year the company opened four-star hotel PORTA CAUCASIA in Kazbegi and at this stage the company also considers other locations too. “We plan to develop hotel business all over Georgia, including …

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