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Monthly Archives: June 2015

Batumi to Host Adjara Fashion Week

Batumi will host Adjara Fashion Week, for the first time.  Fashion week will be organized by the Association of Fashion and Design with the help of Fashion Group. The event will take place, from 30th of July to second of August at residential complex “Palm Apartments” Works of designers from 16 countries …

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Georgian Tennis Player Beats Argentinian Opponent

Georgian tennis player, Nikoloz Basilashvili, defeated Argentinian Facundo Bagnis on the  first round of the main game at Wimbledon.  Georgia’s first rocket won the game with the score of 6:4, 7:6(7:3), 6:2. Bagnis and Basilashvili occupy 137 and 153 places respectively. Winning this game brought Basilashvili 45 ranking scores.  The …

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Economic Problems Affected the Banking Sector of Georgia

Economic problems and the depreciation of the national currency caused problems to the banking sector. According to the statistical analysis of the National Bank, as of June 1, 2015 the volume of deposits in commercial banks has reduced as well as the amount of their assets, growth dynamics of their …

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Oil Prices Seen Steady Despite Greek Crisis

Oil prices are likely to be stable for the rest of this year and climb in 2016 and 2017 as global demand picks up, shrugging off setbacks from the Greek debt crisis and the possible lifting of sanctions on Iran, a Reuters poll forecast on Tuesday. The monthly survey of …

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Qvevri House to Promote Ancient Georgian Wine Making Custom

A new multi-million GEL facility is being built in Georgia’s Kakheti region to restore the country’s ancient winemaking tradition and develop the region’s historic, cultural, educational, recreational and touristic potential. The main purpose of the SP is popularization of one of the old Georgian tradition of wine making in Qvevri …

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Flood Influence on Georgian Economy

The June 13 Tbilisi flood has left incurable wound on the heart of Georgian citizens. We have lost lives of our compatriots, many families remain unsheltered, motorways and infrastructure have been demolished, animals have been drowned. Besides these losses, the flood has inflicted significant economic and environmental damage to our …

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EU to End Roaming Charges by June 2017

Commission proposals to end huge telephone bills while on holiday and poor Internet connections finally to become a reality. Almost two years after the European Commission put forward its proposal for a telecoms single market, an agreement was found with the European Parliament and the Council. The compromise was reached …

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Natural Disaster in Tbilisi Reduced Economic Growth by 1%

As a result of Tbilisi flood,  the economy of Georgia faces  a new challenge, because of the natural disaster GDP growth in 2015 will fall by 1%. The process will depend on the effectiveness of projects to be implemented by the government and the size of foreign aid, the amount …

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Switchover to Digital Broadcasting to Take Effect Tomorrow

Georgia will switch to digital broadcasting tomorrow. Currently used analog broadcasting will be terminated at 10:00 tomorrow in Tbilisi’s broadcasting zone, which unites Tbilisi, Sagarejo region, Kojori, Rustavi and Marneuli. The same will take place in the regions in about 8-9 weeks. The switchover applies to the part of the …

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