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Monthly Archives: February 2015

Banks Extend the Repayment Terms of Loans to Customers

Amid  the devaluation of the national currency, the Georgian banks announce the introduction of favorable payment terms. According to the CEO of “TBC Bank” Vakhtang Butskhrikidze, on the basis of individual analysis, in each case a new loan repayment schedule will be developed, which will be adapted to the real …

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Trade: ASX to rally on strong overseas leads, Saxo Bank

Saxo Capital Markets (Australia) Trading Desk / Saxo Capital Markets Overseas markets rose following the Fed chair’s comments and news on Greece Copper led the base metals, up 1.8%, while gold and oil fell AUDUSD continues to seek clear direction and is trading within 0.7850 and 0.7730 Overnight US stocks …

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Hotel Business to be Promoted within “Produce in Georgia” Program

The hotel business joins “Produce in Georgia” program which will cover  all the regions. Recall that this year  a hotel component is planned to be enacted  within the framework of “Produce in Georgia” program. The Minister of Economy and Sustainable Development of Georgia Giorgi Kvirikashvili stated a few days ago. …

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Georgia Plans Reform Drive to Cope with Economic Crisis

TBILISI-Georgia plans a reform drive including privatizations, budget cuts and restructuring of foreign currency bank loans to contain the country’s economic crisis, officials said on Wednesday. The former Soviet republic’s economy has been battered by a plunge in the Russian rouble and the conflict in Ukraine. Declining foreign investment and …

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Lady Gaga will join the cast of “American Horror Story”

lady gaga

Another “monster” is set to join the cast of American Horror Story. Pop superstar Lady Gaga posted a photo on twitter Wednesday, teasing her appearance in the FX television show. The tweet also announced the theme and title of the fifth season as “Hotel,” adding to an array of terrifying …

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Georgia on Bloomberg’s ‘World’s next big wine regions’

“I’ve always been a wine-discovery junkie, constantly on the hunt for new grapes, new vintages, new winemakers, and especially new places where vines may never have been planted before,” — writes Bloomberg’s wine corespondent Elin McCoy. “In these eight spots, good wine is on its way to becoming great wine, with …

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Georgian Gov’ t Submitted a Plan for Overcoming the Economic Crisis

The Georgian government presented a plan to overcome the economic crisis, stabilize  the national currency  designed in both  long-term and short term period at a meeting with the  members of the Georgian Business Association. In particular, the process of privatization is expected to be intensified and in the coming days …

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NBG President Says Lari to Stabilize Soon

According to the President of the National Bank of Georgia (NBG)  Giorgi Kadagidze, lari will stabilize soon. “Much has been said about the fundamental factors that led to a decrease in foreign exchange inflows in the country, which ultimately caused  the devaluation of the national currency. As of today, the …

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“PSP” Founder Predicts Currency Crisis to End in May

Business representatives are satisfied with  the plan worked out by the  government to  stabilizing the lari. The monetary crisis will become stable by May, said Kakha Okriashvili, one of the founders of PSP, after a meeting of government representatives and businessmen. According to him, the GEL exchange rate will stabilize, …

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15 books that could make history this year

best-books

Organisers of the Walter Scott Prize for historical fiction have announced the longlist for this year’s prize, the winner of which will be revealed in June at the Borders Book Festival at Melrose in the Scottish Borders.

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