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Daily Archives: July 28, 2015

Bill has Affected Investor Attitudes, NBG President

NBG-president

President’s veto on the bill concerning the National Bank is yet another opportunity for Members of Parliament to reconsider their decision, NBG’s President Giorgi Kadagidze told reporters. According to him, the bill may create serious dangers for Georgia. “First of all, even from a legal point of view, the bill cannot stand …

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Lali Andriashvili: Primary Health System Services should Be Optional

Healthcare Georgia

Doctor of medicine Lali Andriashvili, a head of  the Therapy House, appraises the current situation in the primary health system. Today the primary health system remains in unfavorable conditions, while the medical staff’s professional level is questionable and unreliable, Lali Andriashvili noted. “The primary health system is a very serious …

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Georgia Free Screenings and Vaccines for World Hepatitis Day

Hepatitis Day Georgia

Today is the sixth annual World Hepatitis Day and free testing, screening for hepatitis B and C and vaccinations for hepatitis B are being offered throughout the city to staunch an epidemic that kills 4,000 people a day worldwide. About 30% of Georgian residents are believed to have the hepatitis …

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We will Have a Stable Lari Eventually, Says Minister of Economy

We will Have a Stable Lari Eventually, Says Minister of Economy

George Kvirikashvili, Minister of Economy and Sustainable Development and Vice Premier of the country, says it is no surprise that the GEL exchange rate did has not returned to its the previous position yet, because local currencies of all our trade partners are experiencing devaluation. George Kvirikashvili made this comment …

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Antiques Market Losing its Relevance

Antiques Market Losing its Relevance

The antique market in Georgia is not profitable – owners of antique shops say in one voice. In particular, according to one of them, sales were down 25%, and demand began to decline after the devaluation of the national currency. “Foreign tourists are not interested in old things, but the …

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Adidas Made Sports Shoes From Recycled Ocean Waste

Adidas

Sportswear brand Adidas has launched a prototype shoe with an upper made entirely from yarns and filaments produced using plastic salvaged from the ocean. British designer Alexander Taylor’s running shoe for Adidas was unveiled during an event for Parley for the Oceans – an initiative that encourages creatives to repurpose ocean …

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PUTIN: Sepp Blatter deserves the Nobel Prize

Putin-Merkel-Blatter_body

At the 2018 World Cup preliminary draw in St. Petersburg, outgoing FIFA president Sepp Blatter received a strong endorsement from Russian president Vladimir Putin. Speaking on a Swiss TV station, Putin said he not only believes the soon-to-be ex-FIFA president is being unfairly criticized, he thinks Blatter should receive a Nobel prize for his work, …

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World’s Smallest and Fastest USB Flash Drive

usb

Strontium Technology has launched Nitro Plus Nano USB 3.0, which it says is the world’s smallest and fastest USB drive. Strontium Technology has launched Nitro Plus Nano USB 3.0, which it says is the world’s smallest and fastest USB drive. The Nano USB 3.0 is designed in an ultra-small form …

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Top 12 Countries That Transfer Money To Georgia (Infographics)

money transfers Georgia

In June 2015, the volume of money transfers from abroad constituted 100.4 million USD (227.3 million GEL), which is 20.8 percent (26.3 million USD) less than the amount in June 2014. 91.4 percent of the total money transfers from abroad came from 12 big donor countries, with the volume of …

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China Shares Fall More Than 8% On Growth Concerns

china

Shares in mainland China have recorded their biggest one-day fall for more than eight years following a sell-off towards the end of the trading day. The Shanghai Composite closed down 8.5% at 3,725.56 after more weak economic data raised concerns about the health of the world’s second largest economy. Profit …

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