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Monthly Archives: August 2015

July GDP Growth 3% – Preliminary Data


Georgia’s real GDP grew 3% year-on-year in July, according to preliminary data released by the state statistics office Geostat on Monday. Economy grew 2.6% y/y in the first seven months of this year, according to Geostat. GDP growth in the same period of last year stood at 6.2%. Parliament confirmed …

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Georgia’s Wine and History in Focus at Svaneti Museum

Svaneti Museum

Svaneti region invites visitors to learn about the country’s multicultural history and ancient wine culture. The Svaneti Museum in Georgia’s north-west alpine town Mestia will host two educational programsMulticultural Georgia and Wine and Vines in Georgia from September 1-3 for Georgian youth. The lectures will be held at the Museum’s …

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What If 2008 Crisis Comes Around Again?

crisis 2008

By the end of the week, stocks, currencies and commodity prices weren’t crashing any longer but financial markets were far from settled. Over the past 10 days, markets have plummeted, paused, recovered and fallen again. There’s little sign the anxiety is lifting. Until recently investors had been preoccupied with the …

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Construction of Nenskra HPP Begins in Georgia

Nenskra HPP

Construction of a billion dollar Hydro-Electric Power Plant (HPP) has begun in Georgia’s northwest. Parties involved in the development and construction works signed a special agreement today, signaling the launch of the 280 megawatt Nenskra Hydro-Electric Power Plant (HPP), worth $1 billion USD. The construction phase of the project is …

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Karvasla will Open the First Eurobrand Outlet Store in September


Trading and business center in Tbilisi Karvasla will greet September with new stores and new plans. On September 1 Karvasla will open the first European brands Outlet store in Tbilisi. Brands such as GAP, ZARA, KOTON, H&M, etc. will be available with large discounts at the outlet store. The store …

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Foreign Investors in Iran Will not Have it that Easy — President

Would-be foreign investors in Iran should be prepared to share the benefits of their deals, the country’s president said, indicating Tehran will impose tough terms that could clash with U.S. regulations even after sanctions are lifted.  Business delegations from around the world have flocked to Tehran since the July 14 …

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Washington Post: 5 Georgian Wines to Try

Georgian Wines

Washington Post published an article presenting and offering its readers 5 Georgian wines that are “a taste of history.” Columnist Dave McIntyre, who recently visited Georgia, makes a wonderful case for the wines mentioned below and assesses each of them by three categories: exceptional, excellent and very good. Check out the list …

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