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Daily Archives: January 8, 2015

Bitcoin Named the World’s Worst Currency


Which was the world’s worst currency in the past year? Bloombergview’s columnist Mark Gilbert published analytical material on this topic noting that despite  problems with the Russian ruble and Ukrainian hryvnia, Bitcoin  suffered a truecatastrophe. Bitcoin isn’t dead, but it may be mortally wounded, according to Mark Gilbert. It was …

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MFO Crystal: Fluctuations in GEL Rate Spooked Companies


Director  of the  MFO Crystal states in an interview with radio  “Commersant” that 2014 was productive for the company and the sector, but the recent national currency fluctuations  and the uncertain situation have spooked  the companies. In the words of Malkhaz Dzadzua,  if there is no surprises in this regard …

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GT Group Enters Wine Business


GT Group plans to bring new brands this year. According to  GT Group Director General , the company’s turnover increased by 20% in 2014, and the same growth is planned in 2015. In the words of Levan Gogsadze, in 2014  the holding will create another subsidiary that will deal with …

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Fuel Prices to Continue to Decline


Accoring to the Union of Oil Products Enterprisers, Importers and Customers, since 2015 the country moves to Euro 4 fuel. The Chairman of the Union states in the air of radio “Commersant” that the import and sale of fuel, which sulfur content is greater than a standard of 50 units, …

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A 7-star Presidential Hotel to be Opened in Tbilisi


“Commersant” exclusively reports  that Dhabi Group plans to open a 7-star presidential hotel behind the so-called Imeli building. Dhabi Group Executive Director told us that it would be Millennium Biltmore, which is functioning only in the United States, California, and the second hotel will be opened in Tbilisi. In an …

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Infographic: World Oil Prices

world oil prices

2014 has been quite a crisis year for the world economy, which is associated with a significant drop in oil prices. The process began in the spring of 2014 and further accelerated in the summer. The decrease in prices is still taking place daily. Currently, the price of a barrel of …

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Georgia to introduce electronic form for obtaining visa


Georgia’s government will supposedly introduce an electronic form for obtaining visa on Feb. 1, Giorgi Chogovadze, the head of the national tourism administration of Georgia, said Jan. 6. He said this will help to simplify the procedures for obtaining visas by tourists for entering Georgia.

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Ukrtransgaz: Russian gas exports to Ukraine dropped by 50%


Ukraine only received half the amount of gas from Russia this past year after massive debt halted flows for a 6-month period between June and December. Kiev only bought 14.5 billion cubic meters (bcm) compared to 28.5 bcm in 2013. Source: Ukrtransgaz In total, Ukraine sourced 36 percent of its …

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Colliers International Georgia reviews different sectors in 2014


Retail Market The total amount of retail space in the three main Georgian cities amounts to around 1.1 million sqm, out of which 80% is concentrated in Tbilisi. During the last two years the total volume of shopping centre supply in Georgia grew by 28% approximately and currently amounts to …

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Tour-operator in Georgia summed up 2014


Info-Tbilisi Travel operates from 2003 in Georgia, and we provide a full of range of the higest quality services. With the working experience of eleven years, we now can say that 2014 was a quite successful year, as new targeted groups and places were identified. Statistically, the number of tourists …

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