Daily Archives: September 2, 2015

1 Billion to Be Invested in Tbilisi Sea “Eco Green City”

Tbilisi Sea

The area surrounding Tbilisi Sea is set to undergo major infrastructural development to turn the area into a bustling district with medical centres, schools, trade districts, an ecologically friendly housing area and more. Georgia’s Prime Minister Irakli Garibashvili visited the 200-250 hectare construction site today, located on the outskirts of …

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Ambassadorial 2015: Belgium’s Ambassador on Poti Port Development

Natali Sabanadze

Georgia’s ambassador to Belgium and representative of the country at the EU Natalie Sabanadze stated at the Ambassadorial 2015 that there is a large interest in economic cooperation with Georgia in Belgium.   According to the ambassador, she is planning to acquaint Belgian companies with the economic projects that are …

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Georgian Managers will be Trained to Enter Germany Market

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The ambassador of Georgia to Germany Lado Chanturia spoke at the Ambassadorial 2015 about his work in Germany. He stated at the annual diplomatic event that he and his teams worked hard to attract investments to Georgia from Germany. “With the initiative of Germany’s ministry of economy we will start …

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Tbilisi hosts 2015 International Art Festival Anima Mundi

ANIMA MUNDI 2015

Georgian National Museum Tbilisi History Museum will host the 3rd International Art Festival ANIMA MUNDI 2015. Opening of the event will take place on 3rd of September, 2015 at 6 pm.   Festival represents a major event which takes place in two countries – Lithuania and Georgia from 24th of …

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Which Countries Have the Most Women in Parliament?

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As budding female politicians in Saudia Arabia sign up to run in elections following historic rulings that allow women to be more involved in local government, we take a comparative look at women’s political empowerment around the world. The statistics on women in parliament comes from the Inter-Parliamentary Union, which has just …

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Aeroflot Buys Transaero to Create Air Transport Giant

aeroflot

Russia’s flagship airline, Aeroflot, will buy one of its largest competitors, Transaero, after the deal was approved by Deputy Prime Minister Igor Shuvalov, the RIA Novosti news agency reported Tuesday. Aeroflot will purchase 75 percent plus one of Transaero’s shares, an Aeroflot spokesman was quoted by RIA Novosti as saying. …

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Does a Tandem of Bankers and MFOs Hamper the Country’s Economic Development?

Does a Tandem of Bankers and MFOs Hamper the Country’s Economic Development?

Recently, Georgia’s microfinance market is expanding exponentially. The first two quarters data show that the sector’s profit has almost doubled. Whether it means that  the funding of real economy has increased, new enterprises and new  jobs have been created? Microfinance institutions are funding high-risk customers, mostly those who have been declined …

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