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Monthly Archives: February 2019

Fitch Upgrades Georgia’s Sovereign Rating to ‘BB’

Fitch Ratings has upgraded Georgia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB’ from ‘BB-‘. The Outlook is Stable. KEY RATING DRIVERS The upgrade of Georgia’s IDRs reflects the following key rating drivers: The Georgian economy proved resilient to negative developments in 2018. Economic growth remained robust, the currency was …

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Georgian Psychiatrist Wins US Everyday Hero Award

Irakli Mania, the seeds for becoming an addiction psychiatrist were planted halfway around the world in Georgia. He said the country’s crumbling economy fostered an environment that led many of his peers to crime and drug abuse. “I felt helpless,” he said. Mania has spent the past 10 years helping …

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Georgian National Museum Presents Exhibition Evolution & Decadance

Georgian National Museum presents the exhibition Evolution & Decadence by Sandro Dalakishvili and Nina Pery at Tbilisi History Museum. Multimedia exhibition Evolution & Decadence unites a sculptural installation, drawings, and graphical works. Shared worldview led the artists to focus on one of the most urgent topics of our time and …

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Levan Surguladze: Pensions Contributions are Safer than Other Assets

Interview with Pension Agency Chief Levan Surguladze -Starting January 1, 2019, The Contributory Superannuation Scheme was launched in Georgia. What are the advantages of similar schemes, and why have we introduced a contributory pension system in Georgia at this specific time? -I would ask why we have not we introduced …

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Trust is Becoming a New Currency for Business and Life

Anna Shevchenko Regional Director at Noblet Media. What is it necessary to hold successful communication with public? I would highlight three important components in this regard. Setting up clear goals and objectives is the basic cornerstone on which successful communication campaign should be built. This is usually the first line …

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Fitch Upgrades Georgia to ‘BB’; Outlook Stable For the First Time

Fitch Ratings has upgraded Georgia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB’ from ‘BB-‘. The Outlook is Stable. KEY RATING DRIVERS The upgrade of Georgia’s IDRs reflects the following key rating drivers and their relative weights: High The Georgian economy proved resilient to negative developments in 2018. Economic growth …

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Food Trucks to Take over Tbilisi Within Night Economy

“Another project will be implemented within the night economy. So called Food trucks will be located in the capital, on specific locations, “said Deputy Mayor of Tbilisi Sophio Khuntsaria. According to her, small businesses are expressing great interest towards this project. According to Sophio Khuntsaria during video tape, a survey …

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EUGBC Suggests Create Monitoring Commission on TBC Bank’s Case

EU-Georgia Business Council (EUGBC) issued an official statement in regards to TBC Bank case. EUGBC expressed its support for TBC by stating that it is a company which has achieved a significant success.  EUGBC has also suggested to create a monitoring commission of the business representatives composed by 8 members …

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