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Monthly Archives: February 2019

Volume of Lending by Commercial Banks Decreased by 170.2 million GEL

The volume of lending by commercial banks (including loans to non-residents) in January 2019 decreased by 170.2 million GEL or by 0.6 percent compared to the previous month (exchange rate effect excluded volume of lending decreased by 0.2 percent) and constituted 26.4 billion GEL by February 1, 2019. The volume …

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Georgia- Homeland of Wine – Special Website Created in Japan

In Japan, a special website – georgia-homelandofwine.com was created in connection with the implementation of the project “Georgia – Homeland of Wine”. Ministry of Environment Protection and Agriculture disseminates this information. The website was developed with Sony Music Communication, the world’s largest company. Exhibition “Georgia – Wine Homeland” is held …

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Prices and Georgia’s Karma

Over the past period, the current developments in the Georgian finance sector were being widely discussed in our society. The reasons are not positive – at this stage, everybody talks about tightened regulations that have brought serious negative effects, and the new norms are aim curb the accumulation of unreasonable …

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Georgian Capital to Arrange Major Network of Private Schools in Georgia

Georgian Capital plans to arrange a major network of private schools in Georgia, the report published by the investment group reads. Under the Georgian Capital project, this is a major private investment on Georgia’s universal education market, which aims to create the network of affordable and high-quality private schools in …

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Wine Experts from Georgia Invited to Berliner Wein Trophy Jury

Wine experts from Georgia – Irina Cholobargia, Head of Marketing and PR Department of the National Wine Agency, Ana Godabrelidze, chairman of the National Wine Agency’s tasting commission, were invited to the Berliner Wein Trophy” Jury. More than 1 400 wine producers from 41 countries have presented various products. The …

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Kerten Hospitality – Operator of International Hotels Enters Georgia

Kerten Hospitality, operator of international hotels has entered Georgia. According to BMG, two hotels will open in Tbilisi and Kvareli under the management of Kerten Hospitality in 2019 and 2020. Namely, a 17-suite hotel will open in Tbilisi and 80-suit hotel will open in Kvareli. “Kerten Hospitality is interested in …

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Austrian Director Sponsors Film on Tusheti with 31 000 EUR

The Austrian director has allocated 31 thousand euros from his budget for filming the film on Georgia. The film director Reinhard Fostinger gives details about a film, and it turns out the main focus will be made on Tusheti region and its tourism potential. “I traveled to Georgia about 16 times. …

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Legalhub- New Co-Working Space for Lawyers Opened

Legalhub is a newly opened co-working space. Everyone can use it as an office, but founders focus on lawyers. They say that they want to create a kind of legal community where they will establish close professional connections, share experiences or new trends and develop more. 12th km of Aghmashenebeli …

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Prime Minister: Current Account Deficit is Key Source of Poverty

The current account deficit is one of the key sources of poverty in Georgia, Georgian Prime Minister Mamuka Bakhtadze noted. The narrowing deficit in balance of payments is one of the reasons why Fitch rating company has improved Georgia’s credit rating, Prime Minister Mamuka Bakhtadze noted. “We have managed and …

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New program to build and upgrade 100 km of East-West Highway

Georgia will be better connected to the EU and enjoy safer travel conditions within the country thanks to financial and technical aid from the EU. On 19 February, the European Investment Bank (EIB) and other EU institutions announced their support for a wide-ranging programme of transport infrastructure upgrading, approved by …

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