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Daily Archives: September 16, 2015

Miss China Cosmos Pageant 2015 Takes Place in Georgia (Gallery)

Miss China 2015

Ministry of Economy and Sustainable Development, Georgian Tourism Department and Hualing Group are proudly representing the project of Phoenix TV (one of the largest TV channels in China) – Miss China Cosmos Pageant 2015. 16 Semi-Finalists and TV Crew members will be living during 12-22 September at Hotels and Preference …

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Construction of Nenskra HPP Begins

Nenskra HPP

The Partnership Fund has started the construction of the controversial Nenskra Hydropower Plant. The fund, along with the Korean company K-Water, the Georgian government, Commercial Operator of Electro-energetic Systems and JSC Georgia Electric System have signed the implementation agreements package at a meeting at Radisson Blu hotel on August 31. …

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OECD Changes its Global Economic Growth Predictions, China is at Fault

Organisation for Economic Co-operation and Development (OECD) worsens its prognosis of global economic growth for the next two years. A lot of it stems from economic uncertainty coming from China. It is now expected that the growth of the global GDP will constitute 3% against the June’s 3,1% prediction. Whereas, …

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Remittances from Abroad to Georgia Continue to Trickle

Here's How the Dollar's Rise is Affecting Businesses Around the World

According to the Statistics Service, the volume of remittances from abroad to Georgia decreased by 35.1% in August 2015.  In the same period of 2014, remittances amounted to $84.4 million, that is $45.7 million less. Twelve largest partner countries account for 89.4% of the total volume of transfers from which at …

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Tbilisi City Hall Does Not Consider Introduction of Paid Traffic

According to Vice-Mayor of Tbilisi Irakli Lekvinadze, the city authorities are not considering the introduction of paid traffic in order to combat the traffic congestion on Tbilisi roads. “A statement  made by the head of Improvement Department of Tbilisi City Hall about such a solution to the problem does not …

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Russian Tourists Spent $315.3 m in Georgia

According to the Georgian Economy Minister Dimitri Kumsishvili, revenues of the tourism industry received from Russian tourists in Georgia amounted to more than $315.3 million in January-August period of 2015. In January-August of 2015 the number of visitors from Russia increased by 15% compared to  the same period of last …

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Global Markets Wait Nervously for Fed’s Rate Decision

Financial markets that have been buffeted by the prospect of the first US interest rate hike in almost a decade are buckling up as the Federal Reserve begins meeting Wednesday to weigh its decision. An uncommon debate has raged over whether the US central bank should go ahead with a …

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