Tbilisi Mayor Kakha Kaladze released a special statement that Tbilisi government is working on legislative amendments to ban sales of used spares, scarp iron, inflammable substances, used tires and similar products in residential zones of Tbilisi. Eliava Market is an evident sample of trading in similar products, Tbilisi Mayor Kakha …

The volume of pension fund reached 100 million Georgian Lari. First Channel was informed about the amount by the pension agency. Part of the funds are currently on deposits of commercial banks, while part of them on National Bank account. In the case of the National Bank, the annual interest …

UN Women Organization named Ninutsa Nantitashvili among the leading Innovator Women of Europe and Central Asia. Ninutsa Nantitashvili was 18 years old when she became the first Georgian woman to join Google’s team of developers. She later founded Women Techmakers, a company that supports women’s involvement in technology development. 26-year-old …

According to the recent report published by the National Statistics Office of Georgia (Geostat), the value of Foreign Direct Investments (FDI) has gone up to 1.23 million USD, which is 35% decrease compared to 2017. Moreover, the indicator is the lowest in last five years.  The decrease is connected to …

Georgian Prime Minister Mamuka Bakhtadze said Tbilisi plans to open its embassies in the United Arab Emirates and Vietnam in the course of 2019.  Announcing the move, PM Bakhtadze said the decision was taken with view to enhancing economic cooperation with “rapidly-growing economies of the Gulf and Asia.” “Georgia’s more …

Ujapo company plans to introduce sliced pineapple and Mango to the market the next week, the company founder Giorgi Toronjadze noted. At this stage, the company offers sliced and packed carrot and pomegranate. The demand for the mentioned products is growing, Toronjadze said. In about 6 weeks fruit stands will …

Where can we find or borrow money which would be easy to return at the lowest interest rates? Are there, anywhere, similar creditors? It turns out that similar creditors do genuinely exist. It is a widespread practice in many  countries, where central banks issue loans to commercial banks with the …

My name is Nino and I’m from Georgia. I’m a tech enthusiast and a community builder. I lecture students at ISET school of economics and manage the Innovations Support Fund, a local non-profit organization, founded by me and my friends to promote innovative thinking and tech-enabled transformation. I lead the Google Developers Group …

Foreign direct investments in agriculture sector and fishing industry have increased by 29%. According to preliminary indicators, in the fourth quarter of 2018, FDI inflows in agriculture sector and fishing industry made up 4.9 million USD, up 1.9 million USD (+62.4%) year on year. Over the past 3 years FDI …

A couple years ago, several headlines circulated through the 24-hour news cycle about scientists confirming that bacon was as harmful as human health to smoking cigarettes. This was based off of a decision made by the World Health Organization, to brand processed meats as “carcinogenic to humans,” deciding to list …

The price of Russian natural gas has cheapened for the private sector, under the new contract agreement with GazProm, Natia Turnava, Deputy Minister of Economy and Sustainable Development of Georgia, noted. Tariff lowering for the commercial sector is one of the key achievements of the finished negotiations with GazProm, she …

Government of Georgia plans to develop the mediation institute. At the briefing, prior to the government meeting, Prime Minister Mamuka Bakhtadze noted that the mediation institute will ensure rapid resolution of small disputes and the court system workload will be alleviated. “Today Ministry of Justice will submit a very important …