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Daily Archives: November 9, 2015

Partnership Fund Begins two Major Projects in Georgia

partnership fund Georgia

Georgia’s state-owned shareholding company, the Partnership Fund (PF), is teaming up with local company Gino Invest to implement two major projects in Georgia. One project envisioned building an Eco Green City near Tbilisi Sea territory while the other was about building several spa-hotels in different regions of Georgia. The Tbilisi …

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EU Offers €3.6m to Implement 8 Country-Specific Projects

The Council of Europe and the European Union (EU) are presenting eight new projects for Georgia on strengthening human rights standards, social reintegration of prisoners, freedom of media and supporting elections. The eight projects, which have a total budget of €3.6 million (9.4 million GEL), must be implemented in Georgia …

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Georgia Ranks 71th Among World’s Healthiest Nations

Bloomberg specialists have compiled the ranking of the healthiest nations in the world. The information for the ranking was taken from the United Nations, World Bank and World Health Organizations. They primarily took into account such factors as life length, causes of death, share of smokers, the number of people …

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Tbilisi to Host int’l Caucasus Media Forum

The Caucasus International Media Forum will be held in Tbilisi, Georgia, on Nov. 13-14. The event is titled “The World in the Age of Turbulence: Who Will Stand?”. The two-day forum will bring together the heads of leading media, the media experts and young journalists from Azerbaijan, Georgia, Armenia and Russia, …

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Kazakhstan’s Currency Drops to New Record Low

Kazakhstan Tenge

Kazakhstan’s national currency, tenge, dropped to a new record low of 312.65 tenges per US dollar during the morning trading session at Kazakhstan Stock Exchange (KASE) on Nov. 9, KASE announced on its website. The exchange rate of tenge on Nov. 6 was 307.53 tenges per dollar. No transactions were …

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Georgia Looks to Increase State Tax Revenue Plan by 120m GEL

Nodar khaduri

Georgia’s Finance Minister Nodar Khaduri is requesting to increase the country’s tax revenue plan by 120 million GEL. At today’s Governmental meeting Khaduri presented amendments to the 2015 state budget draft, which outlined increasing the tax revenue plan following recent economic growth and tax mobilisation trends. We want reduce loans …

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International Monetary Fund Experts Coming to Georgia

IMF Forecasts Economic Slowdown in Caucasus, Central Asia

Global monetary experts are set to visit Georgia to assess the country’s financial situation. A delegation from the International Monetary Fund (IMF) will meet local authorities and discuss Georgia’s economic environment. The assessment mission was scheduled to arrive in Tbilisi tomorrow and stay here for two weeks. Meetings between the …

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Georgia Technically Ready for Electronic Voting

Tea tsulukiani

Avoiding long lines at polling stations could become a reality for Georgians in future elections as the country is technically ready to launch an online voting system. Today Georgia’s Justice Minister Thea Tsulukiani said Georgia was “technically ready to hold electronic elections” but added it would still take time to …

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Singapore’s ‘Vertical Village’ Named Building of the Year

Singapour

Lage’ in Singapore has been named the World Building of the Year. Judges at the eighth annual World Architecture Festival, held at the prestigious Marina Bay Sands resort in Singapore, awarded the top prize to The Interlace. The village, designed by the Office for Metropolitan Architecture and Buro Ole Scheeran …

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