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Monthly Archives: March 2015

Telegraph: Open up the Six Nations and let Georgia in

English newspaper telegraph’s journalist writes about Georgian National rugby team. Quietly, almost imperceptibly, Georgia vaulted above Italy in rugby’s world rankings this week. And quite right, too, given that Jacques Brunel’s Azzurriseem to be receding faster than some galaxies, while the sleeping giants of the Caucasus have just finished top …

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Central Bank Keeps Its Policy Rate Unchanged At 4.5%

The Monetary Policy Committee  of the National Bank of Georgia met on March 25, 2015 and decided to keep the refinancing rate unchanged at 4.5 percent. The monetary policy decision is based on the macroeconomic forecast, according to which the risks and expectations affecting the forecast inflation have risen due …

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American Chamber of Commerce in Georgia Addressed Georgia’s Parliament

The American Chamber of Commerce in Georgia has comments on the  amendments developed  by the government to the law on  agricultural land ownership. The AmCham Georgia explains that  Moratorium for foreigners to register agricultural land in ownership on December 31, 2014. The government has prepared a new document that includes …

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Businessmen Expect Economic Situation to Stabilize by the Summer

The Georgian lari’s  shock devaluation has been quite problematic for business. The lari’s  floating  rate  is a  factor hindering business activities, as it is difficult to forecast precisely, so business refrains both from investing and  taking real actions. George Chirakadze,  President of the Business Association of Georgia, told journalists. “It is …

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Saba Construction Begins Building Student Housing at Lisi Lake

Saba Construction Begins Building Student Housing at Lisi Lake

Saba Construction started building a modern student housing on the slope of Lisi Lake in Tbilisi. The building will house 300 people and was surveyed today by Tbilisi’s mayor David Narmania, First Deputy Minister of Regional Development and Infrastructure Giorgi Amashukeli, CEO of the Municipal Development Fund Ilia Darchiashvili and …

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“Foreign patients ask when they can have sex post surgery, Georgians — when they can resume drinking” — David Sergeenko

Health minister David Sergeenko addressed Hepatitis C-affected individuals to follow healthy lifestyle principles, prior to starting the treatment. He stressed that patients should not consume alcohol or abuse painkillers. Discussing the issue with journalists Mr Sergeenko made a quite original remark regarding rehabilitation expectations among Georgian patients: “Foreign surgeons say that …

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Margvelashvili and Sergeenko named country’s most popular politicians

Georgia’s President, Giorgi Margvelashvili and the Labor, Health and Social Affairs Minister, David Sergeenko were named the country’s most popular politicians following sociological research held by the International Republican Institute, Novosti-Georgia reported March 25. Some 62 percent out of the total respondents said Margvelashvili and Sergeenko are the most popular …

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Anne Frank’s Diary on display in Tbilisi

A copy of the Diary of Anne Frank – one of the most widely recognised pieces of texts describing the horrors facing Jewish victims of the Holocaust, is on display in Georgia’s capital Tbilisi this week. The copy of the famous diary is being exhibited by Europe House. The exhibition …

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Expected foreign currency inflow this summer will stabilise Georgian Lari

The ongoing depreciation of Georgia’s national currency, the Lari, against the United States (US) Dollar is continuing to raise concern in Georgia, but the country’s Economy Minister has voiced a way to stabilise the depreciating currency. Georgia’s Economy Minister Giorgi Kvirikashvili told reporters yesterday that the Lari would stablilise soon …

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Second Industrial Zone to be Launched in Kutaisi in October

“Hualing Group” will launch a Free Industrial Zone (FIZ)  in Kutaisi in October this year. According to the Government’s resolution, the period of operation of  the industrial zone in the territory of  the machine -building factory makes 30 years. According to the resolution, “Hualing” is obliged to ensure conditions specified …

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Georgian Wine among Top 100 Wines

Wine and Spirits magazine  “USA Wines and Spirits Magazine ” conducted tasting  of  dry white wine produced by “Schuchmann Wines Georgia”   which was awarded 90 points  out of  100 and included  it in the list of the top 100 wines as the only wine from Eastern Europe. Georgian wine  will …

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