Daily Archives: September 3, 2015

Turkey’s Tourism Income May Drop 12 Percent

Turkey’s tourism income may decrease by 12 percent this year from last year unless the required measures are taken, according to Detur CEO Firuz Bağlıkaya, who will run for the presidency of the country’s leading tourism association, the Association of Turkish Travel Agencies (TÜRSAB), in December. To overcome losses and …

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Tsinandali – Where Wine and Muses Live Together

Tsinandali

Tsinandali is a manorial estate of Georgian noble house Chavchavadze and a popular place not only for wine lovers. Located in Kakheti region of Georgia, 168 kilometers away from Tbilisi, Tsinandali is open for people with different tastes and interests. For wine lovers The very first winery in the Alazani …

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Parliament Overrides Presidential Veto on Banking Supervision Bill

parliament

The Parliament overturned on September 3 presidential veto on a package of bills that removes banking supervisory functions from the Georgian National Bank (NBG). The veto was overridden by the Georgian Dream (GD) parliamentary majority group with 81 votes, 5 more than required minimum of 76. Opposition lawmakers from UNM and …

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EU Supports Georgia Gaining Visa Free Travel

David Usupashvili

This statement was made at Fourth World Conference of Speakers of Parliaments in New York, by Chairman of Georgian Parliament David Usupashvili, where he participates with 200 parliamentary officials from nearly 140 countries. The conference was organised by the independent body Inter-Parliamentary Union (IPU)and it’s being held at the United Nations (UN) …

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13 Tips to Becoming a Better Online Poker Player

Want to become a better ONLINE player, fast? Follow these 13 tips which we gathered from different sources including onlinepoker, lowdown and poker.about for you. Hope you will boost your poker performance & profits. 1. Pay Attention to Your Human Needs You are human. Humans require constant maintenance and upkeep to …

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Georgia’s Monthly Inflation Rate Grows by 1%

The country’s inflation rate is increasing following price changes of several major commodities in the consumer basket. Today Georgia’s National Statistics Office, Geostat, released latest information about the country’s monthly and annual inflation; the August 2015 monthly inflation rate reached one percent while the annual inflation rate equalled 5.4 percent. …

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Armenia-Russia Trade Has Shrunk by 14,3% in Seven Months 

The volume of external trade between Armenia and Russia during the January-July period constituted $653,5 million, which is 14,3% less compared to the same period of last year, News Armenia reports. It is worth noting that the trade with Russia represents 24,6% of Armenia’s total external trade.  Export from Armenia …

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Small and Medium Business Refuses to Expand

According to the Georgian Association of Small and Medium-sized Enterprises, these industries reduce their activities and give up prospects for growth. Georgia has been suffering a financial crisis for 10 months, the national currency devalued  by 30%, lari depreciation has a negative impact on the purchasing power of the population that …

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Tragic Plight of Syrian Refugees

The full horror of the human tragedy unfolding on the shores of Europe was brought home on Wednesday as images of the lifeless body of a young boy – one of at least 12 Syrians who drowned attempting to reach the Greek island of Kos – encapsulated the extraordinary risks …

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Electricity Tariff for Tbilisi to be Established Today

A preliminary public hearing of calculation of normative electricity  losses at Telasi distribution network will be held at the Georgian National Energy and Water Supply Regulatory Commission (GNERC) today. Telasi insists on increasing the tariff by 4-5 tetri per 1 kWh for all consumers. The Georgian energy generators explain price increases …

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