Daily Archives: September 23, 2015

Govt Targets 3% Economic Growth in 2016


The Georgian government proposed state budget for 2016 will set next year’s economic growth forecast at 3%, PM Irakli Garibashvili said at a government session on September 23. The government was initially expecting 5% growth this year, but it had to cut it to 2%. Real GDP growth stood at 3.2% …

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Novel Bashi-Achuki Transformed into Modern 3D Theatre Show


Georgia’s Nodar Dumbadze Professional State Youth Theatre is celebrating the 175th birthday of the prominent writer and public figure Akaki Tsereteli by staging a contemporary production of his famous historical novel Bashi-Achuki with three-dimensional (3D) production elements. The September 27 premiere of the novel’s theatrical adaptation was made possible after a host of …

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ADB Provides $75m Loan to Georgia


The Asian Development Bank (ADB) is offering Georgia a loan of $75 million USD to help the Georgian Government implement reforms to increase savings and better use of internal resources as well as creating investment potential to avoid unequal distribution of income. The programme supports the Government’s action plan which …

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Levan Songulashvili Features at Sotheby’s Art Auction

Photo from Artinfo.ge

New York’s famous Sotheby’s art auction will feature a piece of work by up-and-coming Georgian artist Levan Songulashvili this October in collaboration with the New York Academy of Art. The Jellyfish by Songulashvili will feature in the Take Home a Nude auction and party event on October 15, organised to …

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Jean-Elie Malkin: Georgia Should Put Few Regulations on Pharmaceutical Issues

Jean-Elie Malkin: Georgia Should Put Few Regulations on Pharmaceutical Issues

Conference hall of National Center of Disease Control and Public Health of Georgia (NCDC) hosted a conference on The Quality of Medical Products in Georgia. Minister David Sergeenko, Dr. Jean-Elie Malkin, Dr. Caroline Mascret, Deputy minister Valeri Kvaratskhelia and other members of regulation agency attended the conference. Georgia has signed …

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Egypt’s President Abdel Fattah al-Sisi Pardons Al Jazeera Journalists


Egypt’s President Abdel Fattah al-Sisi pardoned 100 prisoners including three Al Jazeera television journalists on Wednesday, a day before he plans to head to the annual United Nations summit of world leaders. Canadian Mohamed Fahmy, Egyptian Baher Mohamed and Australian Peter Greste were sentenced to three years in prison in …

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Demand for Georgian Gold increases Worldwide


Demand for Georgian gold increases in export markets. Over  a year export of unprocessed or semi-processed gold increased by 70%. According to Sakstat, unprocessed or semi-processed gold worth $ 40.3 was  exported  in January-August 2015, while  in 2014 –  this figure amounted to  $ 23.64 million. In the reporting period, the …

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Pre-Ordering Starbucks Coffee Via Mobile App is Available in America

A paper coffee cup and Starbucks logo.   Starbucks will

NEW YORK (AP) – Starbucks says its mobile app that lets people order and pay in advance will be available nationally starting Tuesday. That means lattes, breakfast sandwiches and other items you want could theoretically be waiting for you by the time you arrive. Starbucks Corp. introduced order-and-pay ahead in …

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National Bank Increased the Refinancing Rate from 6% to 7%

National Bank of Georgia Recommends Gov’t to Cut Spending

Monetary Policy Committee (MPC) of the National Bank on September 23, 2015, decided to increase the refinancing rate from 6% to 7%. A statement released by the National Bank reads that the decision was based on a macroeconomic evaluation showing that inflation expectations increased sharply against the background of the …

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Europe’s Biggest Mosque Opened in Russia Today

Europe's biggest mosque

Today President of Russia Vladimir Putin and Grand Mufti of Russia Rawil Ganetdin opened a Europe’s biggest mosque in Moscow. The new mosque was built on the place of the historic mosque demolished in 2011, near “Olympiskiy” and “Prospekt Mira” metro stations. Moscow’s new Mosque is the biggest in Europe. It …

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