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Daily Archives: April 29, 2015

Azerbaijan reduces import of goods from Georgia

Azerbaijan reduced the import of goods from Georgia by 2.3 times in January-March 2015 compared to the same period of 2014, the Georgian National Statistics Service’s report as of January-March 2015 says. Georgia exported goods worth $63.49 million in January-March 2015, which is 12.6 percent of the total Georgian export, …

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Georgian Building is Among The 12 most Absurd Soviet-era Buildings

Business Insider listed Bank of Georgia Headquarter building (Georgian Building) among the 12 most absurd buildings from Soviet-era. American technology and business news website,described our famous building as it has been photoshopped. The Bank of Georgia headquarters (Georgian: საქართველოს ბანკის სათავო ოფისი) is a building in Tbilisi, Georgia. It was …

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Georgia Joins International Jazz Day

Georgia will join the global celebration of International Jazz Day, bringing together the brightest Jazz musicians to perform on stages around the globe. UNESCO Director General Irina Bokova and UNESCO Goodwill Ambassador Herbie Hancock announced 185 countries had confirmed to participate in the fourth annual International Jazz Day. To celebrate …

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Minister of Sports Resigns, Cabinet Needs New Vote of Confidence

Minister of Sports resigns, Cabinet needs new vote of confidence

Georgia’s renewed Cabinet will need to regain a vote of confidence from Parliament following today’s resignation of the country’s Minister of Sport and Youth Affairs. Despite several Ministers departing their posts recently, the country’s Prime Minister Irakli Garibashvili doesn’t expect major changes ahead. Minister Levan Kipiani, who announced his resignation earlier …

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World Bank Group approves $60 million IBRD loan for Georgia

The World Bank Group has confirmed a $60 million USD loan for Georgia to increase its competitiveness and economic growth, which are two of the most important components of the cooperation strategy between the World Bank and Georgia in 2010-2013. This was an IBRD (International Bank for Reconstruction and Development) …

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President of Dutch Senate Visits Georgia

President of Dutch Senate Visits Georgia

President of the Senate, the upper house of the Netherlands’ Parliament Ankie Broekers-Knol, is paying her first official visit to Georgia. Today the Dutch official met with Georgian high officials, President Giorgi Margvelashvili and Prime Minister Irakli Garibashvili. At her meeting with Margvelashvili at the Presidential Palace today, the pair discussed …

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Crude Oil Markets Nervously Await US Inventory Report

Hedge funds increase bullish bets, especially in Brent crude WTI crude has rallied, but near-term nervousness still persists First signs cut in US oil rigs is negatively impacting production Crude oil, both WTI and Brent crude, has stabilised following the strong rally earlier this month. The rally was driven by lower …

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Azerbaijan to Imprison for Unlawful Import of GMOs

Azerbaijan to Imprison for Unlawful Import of GMOs

Azerbaijan has made the amendments to the amendments to the Code of Administrative Offences and the Criminal Code. During the discussion of the amendments, the head of the Parliamentary Committee on Legal Policy & Government Structure, Ali Huseynov, has stated that the amendments provide for the application of penalties for …

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Nepal earthquake: Georgian Ambassador Meets Georgian Tourists in Kathmandu

Nepal earthquake: Georgian Ambassador meets Georgian tourists in Kathmandu

No Georgian citizens are reported to be among the victims of the Nepal earthquake, although there were several Georgian tourist groups in Nepal when the powerful earthquake hit the country. Georgia’s Ambassador to India, who is also accredited to Thailand, Sri Lanka and Nepal, visited the devastated area yesterday. Ambassador …

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Georgian Fuse Tea to Compete with a Cold Tea from Azerbaijan

Georgian Fuse Tea to Compete with a Cold Tea from Azerbaijan

Businessman Temur Chkonia launches an iced tea – Fuse Tea domestic production. According to the businessman, the company will bring the equipment in early May, after which production will begin that will stop import of the product from Azerbaijan. In his words, the construction of the plant is already underway …

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