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Daily Archives: March 29, 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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