Home / 2015 / May / 22

Daily Archives: May 22, 2015

Sales of New Apartments Fell

Sales of New Apartments Fell

Recently, sales of new apartments have decreased due to the difficult economic situation in the country. According to the developers, due to the devaluation of the national currency, people refrain from making major purchases, while banks refrain from lending. According to General Director of “Archi Group” Ilya Tsulaia, sales were …

Read More »

National Bank Deprived of Levers of Control over Commercial Banks

National Bank Deprived of Levers of Control over Commercial Banks

A draft law providing for the transformation of the Supervision Agency over commercial banks in an independent structure was sent to the Parliament. According to Tamaz Mechiauri, the head of the Budget and Finance Committee of the Parliament , it will remain in the National Bank’s structure but will operate …

Read More »

Georgia Prepares to Celebrate 97th Independence Day

Georgia Prepares to Celebrate 97th Independence Day

In four days’ time Georgia will celebrate the 97th anniversary of its independence from the USSR. Each year on May 26 celebrations are held throughout Georgia to mark Independence Day. In recognition of Georgia’s independence, a group of Georgian singers have come together and performed a famous Georgian song. Georgian …

Read More »

Rare Death Mask of Napoleon Bonaparte Exhibited in Tbilisi

Rare Death Mask of Napoleon Bonaparte Exhibited in Tbilisi

What does Paris, London, Havana and Zugdidi, in western Georgia, have in common? These four cities house a unique treasure that’s of world importance – they each have one of four genuine copies of the death mask of former French emperor Napoleon Bonaparte. For the first time, the death mask …

Read More »

Germany Supports Georgia’s Visa Liberalisation Policy, says PM

Germany Supports Georgia’s Visa Liberalisation Policy, says PM

Georgia’s efforts to achieve visa free travel to European Union (EU) states appears to be resonating with EU leaders, particularly Germany’s Chancellor Angela Merkel. The German official has voiced her support for Georgia’s EU visa free travel ambitions after earlier being sceptical about Georgia’s plans at an official meeting with …

Read More »