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Monthly Archives: March 2019

Georgia’s Gross External Debt Exceeds 7.4 Billion USD

The gross external debt of Georgia amounted to 17.8 billion USD (47.5 billion GEL) as of 31th of December 2018. It accounted for 109.6 percent of the last four quarters’ GDP. During the fourth quarter of 2018, the gross external debt of Georgia increased by 533.3 million USD. Out of …

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60 New Kindergartens to Be Built in Georgia

This year alone, the Municipal Development Fund will start building 60 new kindergartens, and we will invest up to 60 million GEL to this end, Georgian Prime Minister Mamuka Bakhtadze stated during the briefing before today’s Government meeting. According to the Head of Government, smaller kindergartens with 50 or fewer …

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Railway Transport College Announces Spring Reception

The Railway Transport College is pleased to announce Spring reception on the following professional educational programs: railway track construction, wagon farm, railway power supply, railway rolling stock, railway signal alarms, centralization and railway transportation. The study of 6 programs will be available in college using the dual method. This method …

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Vardzia Resort Welcomes Guests in New Season with a Vardzia Resort

If you haven’t been to Samtskhe-Javakheti and haven’t experienced the taste of Meskhetian wine, then you know nothing about Georgia! This part has a very special hospitality that is clearly visible even in their traditional dishes. Their taste and fragrance will make any guest fall in love with the Meskhetian …

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Silknet Raises $200 Million in Eurobond Issue

JSC Silknet (“Silknet”), one of Georgia’s leading telecommunications operators, has successfully priced a debut $200 million 5-year 11% senior unsecured bonds issue (the “Notes”). The Notes were subscribed by investors from a wide range of geographies. The Notes are expected to be rated B1 by Moody’s and B+ by Fitch, …

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Untitled Gallery Tbilisi Opening to be Held on March 30

Untitled Gallery Tbilisi is delighted to invite you for the opening on 30th of March at 18:00 The Gallery is located in the most charming historic buildings of Tbilisi, Georgia. The space specializes in both emerging and established contemporary artists from South Caucasus to bring people and art together. Untitled …

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Batumi at World Travel Awards

Batumi is nominated as the “Europe’s Leading Emerging Tourism Destination 2019” by the “World Travel Awards” among Sofia (Bulgaria), Matera (Italy), Baku (Azerbaijan), Ljubljana (Slovenia), Derry (Northern Ireland), Kutna Hora (Czech Republic) and Mostar (Bosnia and Herzegovina). World Travel Awards was established in 1993 to acknowledge, to reward and celebrate …

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TBC Capital Conducted Large Research of Residential Real Estate Market

TBC Capital’s research on the residential real estate sector includes a complete analysis of 2018. Preparation of research was henced by the growing demand of the market participant developers, to receive relevant, reliable and competent information about the sector. Consequently, the research aims to show companies and potential investors the current …

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CROSTY Teams with Zaza Pachulia

Designer Sneaker Brand Appoints the Two Time NBA Champion as their First Brand Ambassador. Georgians who challenge boundaries are coming together this Spring for an exciting new partnership. Designer sneaker brand CROSTY is excited to announce a partnership with their fellow Georgia native, two-time world champion, Zaza Pachulia. The announcement …

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Demand for Real Estate Increases on Renewed Bambis Rigi St.

The new initiative of “Meidan Group” means restoring the historical function of Bambis Rigi Street. As it is known, the production and sale of different products of cotton were done on Bambis Rigi street. Over the past few years, the main part of the commercial spaces located on the street were …

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Tourism Agency to Train 1500 Operators in 2019

National Tourism Administration plans to open intense training courses for tourism sector staff. The project inauguration was held at Radisson hotel on March 27. Trainings will be held all over Georgia, in all cities and settlements in the directions of accomodation, food and agro tourism, culture tourism and wine tourism, …

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