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Daily Archives: March 16, 2015

Orovela Saperavi on The Independent’s Special Mention

“This accomplished Georgian red shows bright, spicy black fruit aromas and appetisingly sappy fresh blackberry fruit,” British publication’s Anthony Rose writes of Orovela brand 2007 Saperavi wine.   The author included this brand of Saperavi in his list of wines that he assigned to particular occasions — Night In, Dinner …

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Golden inflation: Is Gold making a comeback in Trading?  

When the world’s political and economic situation becomes more complicated, gold is often perceived by investors as so-called “Safe haven,” where they can wait out those difficult times. So it was in 1980s, a period rich in numerous conflicts in the world – especially in the Middle East, where stability …

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Azerbaijani gov to revise 2015 state budget

The Azerbaijani government is revising the 2015 budget based on a lower oil price assumption, Fitch Ratings said. “The budget approved by the country’s parliament in November 2014 targeted a state budget deficit of 2.8% of GDP, at an average oil price of USD90/b,” the report said. “A weaker exchange …

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Gov’t Searching for Investors to Develop Real Estate

The government of Georgia offers the investors the real estate development  in the area of 300 hectares near Batumi. Deputy Minister of Economy said in an interview with “fDI Intelligence” at  the Cannes International Real Estate Fair  that Batumi was a small town in the Black Sea region, but today …

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Russia’s VTB Bank Sees Profits Plunge in 2014

Russia’s state-controlled bank VTB Bank could sustain significant losses in 2015 due to the central bank’s high interest rates, VTB’s Deputy Chief Executive Herbert Moos said on Friday, as the bank reported 2014 net profit was almost wiped out. “The main challenge in 2015 is the unpredictability of the rate(s)”, …

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Nazarbayev registered as Kazakh presidential candidate

Kazakhstan’s Central Election Commission (CEC) registered the incumbent president and the member of the Nur Otan Party, Nursultan Nazarbayev, as a presidential candidate in an early election, RIA Novosti reported March 15 citing the CEC website. CEC said that 560,523 valid signatures of the voters from all the 16 regions …

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Moody’s Left Georgia’s Sovereign Rating Unchanged

The global rating agency Moody’s has left Georgia’s sovereign rating unchanged. Finance Minister Nodar Khaduri appreciated this fact as “very positive”. “Despite the difficult economic situation throughout the region, Moody’s has left Georgia’s sovereign rating unchanged at the level of BB and the country’s prospect of economic development is  again …

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Businessmen Prefer Banking Privileges to Abolishing Income Tax

Businessmen prefer the introduction of bank concessions to the abolishing   income tax announced by the government. As reported,  some investors engaged in medical and agriculture spheres will be exempt from paying  income tax. The changes are under development. Whether  this change will be a real help for businesses and what …

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InnDesign.ge – New online catalogue launch

www.innDesign.ge – is a new Georgian online catalogue about architecture, design, construction and home improvement, which will be launched on March 16th. Goals of catalogue: – To acquaint Georgian constructive situation with large society: Building companies and their portfolio, current and completed buildings, constructions in regions etc. – To present …

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BBC about life in Georgia’s high Caucasus Mountains

BBC about life in Georgia’s high Caucasus Mountains

A jeep in the hills The most common way to reach Mestia is by road from Zugdidi, a city in western Georgia that’s accessible by bus or overnight train from Georgia’s capital, Tbilisi. From Zugdidi, local families and visiting trekkers pile together into shared jeeps and minibuses, driving into the …

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