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Daily Archives: April 11, 2019

From Oligarchy to Democracy

Ukraine is getting ready for a presidential runoff vote, where a TV personality  and comedian Vladimir Zelenski will compete with the current president Petro Poroshenko. The existing situation in the country shows how political and economic systems differ in the post-Soviet countries. If we do not recall eastern dictatorial regimes, …

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Oil Shipments from Georgia’s Batumi port drop 29% in Jan-March

Oil and oil-related shipments from Georgia’s Black Sea port of Batumi dropped 29 percent in the first three months of 2019 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Wednesday. Shipments of crude oil and refined oil products from Batumi have fallen in …

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Energy Transition Dialogue 2019 Held in Berlin

Deputy Minister of Economy and Sustainable Development, Natia Turnava, participated in Energy Transition Dialogue 2019 held in Berlin, Germany, where she delivered a speech on Energy Diversification and New Technologies as Preconditions for Stability and Peace in Country. Natia Turnava overviewed the global importance of the diversification of energy resources …

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George Kobulia Met with ITB Berlin Representatives

Minister of Economy and Sustainable Development of Georgia, George Kobulia held a meeting with the management of the world’s leading travel trade show – the ITB Berlin, who are having a working visit in Georgia. The ITB Berlin 2022 and the possibility to make Georgia official host of the event …

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Georgian Railway Handled Record Volume of Containers in 1Q19

Georgian Railway transported 18 000 containers in the first quarter of 2019 and this is a record volume, up 31% compared to the first quarter of 2018. Moreover, growth was recorded in other directions too. As a result, Georgian Railway is regaining the 2015-2016 growth indicators. The growth is preconditioned …

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Installations of Upside Down Cars Appears in Tbilisi

Installations of damaged cars displayed upside down appeared in Tbilisi. The installation should serve as a reminder to drivers to drive safely and obey speed limits. The cars appeared on Tamarshvili Street, Chavchavadze Avenue and Vazha Pshavela Street. At first, the reason for the installation was unknown. Tbilisi City Hall …

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Georgian Business Ombudsman has New Deputy

Georgian business ombudsman Irakli Lekvinadze has a new deputy. Guram Giorgadze replaced Zurab Dznelashvili who has been working as Deputy Head of the Revenue Service. Giorgadze was previously working at the Audit Department of the Revenue Service. work experience 2019 (March to April 10) – Chief Auditor of N1 Division …

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TBC Bank acquires leading Uzbek payment platform Payme

TBC Bank Group PLC of Georgia has entered into an agreement to acquire a 51% stake in LLC Inspired, a leading payment platform in Uzbekistan trading under the Payme brand. Payme is a leading payment service provider in Uzbekistan that supplies high-quality payment solutions to its 1.3 million customers. It …

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