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Daily Archives: November 25, 2014

Coca-Cola Launches Production of Milk

Coca-Cola is launching a new kind of milk nationwide that the company says will “rain MONEY.” The product is called Fairlife and it will sell for twice the price of regular milk when it hits store shelves nationally in December, Coca-Cola’s North American chief Sandy Douglas said at Morgan Stanley’s …

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Georgia to Develop Energy Market New Model by the End of the Year

A work on  Market Model and Electricity Trade Mechanism (GEMM 2015) will be completed by the end of 2014, while its implementation will begin in 2015. According to the Ministry of Energy, considering the new realities and needs, the market modernization will contribute to private sector development in the hydropower …

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Georgian Lari Started “Traditional” Depreciation in November

The official rate of the Geoegian national currency against  US dollar established at 1.8217 that is  0.0279 points deteriorated index compared to the previous day. US dollars can be sold for GEL 1.81 in exchange booths and bought for  GEL 1.83. A week ago, on November 18, price of one …

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IMF urges structural reforms for Turkish economy

Despite continued growth in Turkey’s economy, the International Monetary Fund (IMF) has warned that the country’s government must put forward structural reforms to continue economic momentum. Turkey’s economy has grown on average by 6 percent annually since 2010, but this has come at the expense of a persistently large external …

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World 12th Telecommunication Symposium took place in Georgia

Georgia is hosting the 12th annual World Telecommunication ICT Indicators Symposium (WTIS), which brings together international experts and gives them the opportunity to discuss global ICT telecommunication and measurement issues. Georgian Prime Minister Irakli Garibashvili today opened the two-day event, which is being held at the Radisson Blu Iveria hotel …

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Railway towards Russia through Abkhazia can not be restored without Tbilisi

The implementation of Georgia’s transport and transit potential is an exclusive and sovereign right of the country, Georgian Foreign Minister Tamar Beruchashvili told reporters Nov. 25. He was commenting on Russian President Vladimir Putin’s statement. So, no one else has the right to implement such projects as the Russia-Georgia railway …

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