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Daily Archives: January 13, 2015

Tbilisi to Have Two Sports Palaces


The second Sports Palace will be opened in  Tbilisi in May. In total GEL 17 million are spent on the project from the state budget. After the construction is completed, handball, volleyball, basketball, boxing and other sports competitions will be held in  the Palace. Some events  of the 2015 Youth …

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Oil price below $45 for 1st time since 2009

Oil Well

Brent crude and WTI have continued their headlong plunge in early trading Tuesday, hitting record six-year lows. Brent crude futures fell 2.64 percent to $46.12 in trading on London’s ICE exchange, while WTI dropped by 2.41 percent, plunging below $45 to $44.96 (10:00 MSK). Brent and WTI prices are now …

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Georgia’s PM Expects Economy to Grow 5% in 2015


We presume that despite the existing challenges in the region, Georgia’s economic growth will reach 5% in 2015, –  Georgia’s PM Irakli Gharibashvili said at the Georgia-Estonia Business Forum. According to him, it is very important for Georgia to have close trade relations with strategic partners. “Estonia is our friend …

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DCFTA: Promising Growth — Grant Thornton’s international business report

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Author: Nikoloz Akhalaia, analyst at Grant Thornton Georgia In 2014 Georgia signed the long awaited association and trade liberalization agreements with the EU. The agreements provide an opportunity to the decrease trade deficit by increasing export capacity, as well as making Georgia more attractive for potential investors. Because of the …

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Russia reveals huge cost of supporting the rouble


The Russian central bank has revealed the huge cost of trying to prop up the value of the rouble. In the past year, the bank spent $76bn and 5.4bn euros as it repeatedly bought roubles on the foreign exchanges. The Russian currency has been under sustained pressure because of Western …

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აჭარული ხაჭაპური

As most of our stories do, this began as an argument. Liz was espousing the virtues of Georgian food, which I had summarily dismissed, and then, during the following geeky discussion of random countries’ cuisines, we began to wonder how each part of Europe stacked up against the others. And …

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Georgian village recognised by CNN Travel


One of America’s leading media outlets has recognised Georgia’s mountainous village Ushguli among the 16 best views of the year 2014. In its Travel section, CNN published a collage of their “favorite” images posted to the CNN Travel Instagram account during 2014. The view of the ancient tower-houses that peek …

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