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Daily Archives: November 16, 2015

Georgia Named Among the Best Wine Producing Countries

Georgian Wine

On November 15-17  China’s Guangzhou is hosting the 15th International Wine and Spirits Exhibition – Interwine Guangzhou 2015. 9 Georgian wine companies are taking part: Besini, Askaneli Brothers, Bagrationi 1882, Teliani Valley, Dugladze, Kakhuri Wine Cellar, Khareba, Telavi Wine Cellar, Batono. Wine contest  Interwine Guangzhou 2015 was held in the …

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Agri-Insurance Brings Losses, 3rd Party Compulsory Insurance Promises a Success

“The loss brought by our participation in the government initiative “Agri-Insurance” was unprecedented,” Deputy Director of Georgian insurance company IC Group told Maestro TV’s Business Contact today. “We are still in the process of paying off the 23 million GEL loss brought about by “Agri-Insurance,” while our revenues constituted only …

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A 12 Billion Dollar Merger Between Marriott and Starwood Hotels

Marriott International and Starwood Hotels & Resorts announced a merger.  A $12.2 billion transaction will create the world’s largest hotel chain. Marriott/Starwood will be able to offer 1.1 million hotel rooms in more than 5,500 hotels worldwide. The combined company will include 30 brands – from a group of brands …

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S&P affirms Long/Short-term Credit Ratings on Georgian Government

Standard & Poor's Ratings

Standard & Poor’s Ratings Services affirmed its ‘BB-/B’ long- and short-term foreign and local currency sovereign credit ratings on the government of Georgia. The outlook remains stable. Georgia’s external position is weakening as a result of numerous external shocks, and S&P expects growth will remain low over 2016. Georgia’s economy …

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Georgian Patriarch: Islam has Nothing to Do with Terrorism

Patriarch Ilia 2

Islam has nothing to do with terrorism and blaming human perversion on a religion is wrong, says head of the Georgian Orthodox Church. The Patriarch of Georgia Ilia II expressed his sorrow over the Paris terror attacks in front of hundreds of people during Sunday service at the country’s central …

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Reform of Digital Broadcasting Accomplished Successfully

digital broadcasting

The Digital Broadcasting Agency of the Ministry of Economy and Sustainable Development of Georgia summed the digital broadcasting reform at the special conference held at the Courtyard Marriot Hotel.The presentation was attended by the Georgian authorities, representatives of the European Union, EBRD, USAID, the Consulate of China, non-governmental organizations, representatives …

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Georgia is Attractive Tourism Destination for All Four Seasons

State Budget Bill Calls for Funding Tourism Sector Promo Campaigns by 23 million GEL. The National Tourism Administration’s budget will increase to 23 million GEL as part of the tourism sector promotion state program. The increased budget will mainly finance marketing campaigns, the tourism administration head Giorgi Chogovadze said. Under …

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What is Georgia’s Potential For Energy Independence?

Davit Tsiklauri

Energy independence is a central issue for the Georgian economy. In order to achieve energy independence, Georgia’s rich hydro potential must be fully utilized. For this purpose, over the past several years a special focus has been placed on the construction of new capacity and on attracting foreign investors to …

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Atlasglobal Launches Fantastic Winter Fares

  Now, even more people will be able to enjoy Atlasglobal’s high quality travel experience. This winter 2015 – 2016, 300.000 seats are being released for sale at knock-down prices. Buy your flight ticket before 20th November, and travel up to 26th March to qualify for our special deals From …

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