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Monthly Archives: February 2015

There are no Signs of a Banking Crisis in the Country

There are no signs of a banking crisis in the country. President  of the Association of Banks of Georgia  Zurab Gvasalia says that despite the drop in the exchange rate, there are no signs of the crisis. He notes that proof of this  are non-bank deposits  increased by  almost 2.5 …

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Currency Wars: when Zero is too much

By John Hardy, Saxo Bank The reason central bank policy makers are so afraid of current deflationary pressures is that a deflationary dynamic is particularly dangerous in economies with heavy public and/or private debt loads, which virtually all developed economies find themselves in. The mix in each individual economy is …

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OPEC to hold extraordinary meeting if oil plunge continues

The OPEC member states are discussing the possibility of an emergency meeting should oil prices continue to fall, said Nigerian Oil Minister, and OPEC President Diezani Alison-Madueke. Prices have dropped by than half since their peak last summer. If the price “slips any further it is highly likely that I will …

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Georgian govt to cut spending as lari drops rapidly-DFWATCH

TBILISI, DFWatch–The government in Georgia has proposed to cut spending in order to deal with a drastic drop in the value of the national currency, the lari. The lari began falling in November last year, and went from a level of 1.75 lari against the US dollar to 2.1971 laris …

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Lionel Messi transfer news

Barcelona presidential candidate Agusti Benedito believes that the club’s board cannot be trusted and that they seriously considered selling star player Lionel Messi. With speculation rife in January that Messi was going to leave for a blockbuster fee of £200 million, current president Josep Maria Bartomeu said that the superstar …

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Two Tourist Centers of Georgia: Tbilisi and Batumi

Tbilisi Tourism Profile Tbilisi is one of the largest cities in the Caucasus as well as one of the largest in Eastern Europe, with a population of 1.2 million. Tbilisi accounts for over 25% of the national population. It is the industrial, cultural and social centre of Georgia.Spread over a …

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Georgia intends to attract more tourists in 2015

Georgia intends to attract more tourists in 2015, than it was in previous years, the Public Relations Department of Georgian National Tourism Administration told Trend. Georgian Tourism Administration said the country will host three large-scale events in 2015: the European Youth Olympic Festival, the UEFA Super Cup and the Annual …

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PSP Decreased Prices for the Most Requested Medicines

From February 24 , PSP pharmacy network  decreased prices for the most popular medicines. From now on, prices of antipyretic, antiallergic, spasm, anesthetic , PSP pharmacy, analgesic, sedative and other medications of daily consumption are reduced by 20%. “We had intensive talks with our suppliers and despite the euro  and …

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IC Group is actively involved in popularizing healthy life style

Insurance company IC Group is actively involved in popularizing healthy life style. On February 22 Georgian institute public affair (GIPA) held a mountain skiing competition in Gudauri. Insurance company IC group and hotel Lopota awarded the winners with the special prizes. IC Group granted the skiers who took second place …

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Crowne Plaza Hotel to be Opened in Borjomi

Crowne Plaza hotel will be  opened in  Borjomi.  The hotel construction is carried out by “Dizon Limited”  included in the “Intercontinental Group “. A representative of the company states “Commersant” that the construction will be completed in the spring and the hotel’s opening is scheduled for the end of May. …

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