Home / 2015 / November (page 2)

Monthly Archives: November 2015

Georgia to Boost Tea Production

Tea Georgia

The Georgian Authorities has found impetus for promoting the Georgian tea production sector and drawn up the Georgian Tea state program that calls for rehabilitating the tea plantations. The state program consists of two components based on the co-financing principle for rehabilitating both privately owned and leased tea plantations and …

Read More »

Institutional Investors Acquired TBC Shares of DEG

TBC bank

Shares of DEG (Deutsche Investitions- und Entwicklungsgesellschaft) in TBC Bank were acquired by institutional investors. According to TBC Bank, the investors are from UK and Continental Europe. However, an accelerated transaction was managed by Renaissance Capital. To remind, DEG (Deutsche Investitions- und Entwicklungsgesellschaft) issued the announcement on November 26, that …

Read More »

Clearstream Opened Correspondent Account of GEL in Bank of Georgia

Bank of Georgia

Bank of Georgia announced about opening of correspondent account in GEL by International Central Securities Depository Clearstream in Bank of Georgia. According to the management of the Bank, national currency of Georgia – GEL has been added to the settlement currency of Clearstream, which becomes available to make operations in GEL …

Read More »

Nikoloz Begadze Wins Gold at Youth Boxing Championships

Nikoloz Begadze

A budding Georgian boxer has been crowned European youth champion while two other aspiring Georgian athletes received bronze medals at the same competition. Georgia ended the 2015 European Confederation Youth Boxing Championships on a high note, with several of its boxers winning top accolades. The competition took place in Kolobrzeg, …

Read More »

Which Countries Use the Most Antibiotics?


With antibiotic resistance and overuse a major global concern, and a significant challenge for global healthcare providers and policy-makers alike, understanding the world’s use of antibiotics is an important step. The following chart shows the 10 countries with the highest levels of antibiotic use. It’s based on data from the …

Read More »

New Dairy Factory Opens in Georgia

Dairy Factory

A new dairy factory has opened in Georgia; raw milk will be used to make a variety of butter and cheese products to supply the local market, leading Georgia to reduce the amount of such imported goods. The Vita Product factory opened in Georgia’s Tsalka municipality over the weekend. The …

Read More »

Georgia Reduces Export to Turkey

turkey export

The volume of Georgia’s export to Turkey in Jan.-Oct. 2015 has dropped by 18 percent ($35 million) compared to the same period in 2014 and exceeded $160.5 million, Sputnik Georgia reported citing the National Statistics Office of Georgia. Georgia has exported semi-finished products of iron or non-alloy steel valued at …

Read More »

Real “Wolf of Wall Street” Gave Master Class in Tbilisi

Jordan Belfort

Today Hundreds in Tbilisi had an opportunity to learn how to “ethically persuade people” the real “Wolf of Wall Street” Jordan Belfort came to Georgia to give a master class. Belfort, an American author, motivational speaker and former stockbroker whose life was the basis of Martin Scorsese’s 2013 film The Wolf …

Read More »

Turkey-Russia Jet Downing: Moscow Announces Sanctions

Russia has announced a package of economic sanctions against Turkey over the shooting down of a Russian jet on the Syrian border on Tuesday. A decree signed by President Vladimir Putin (in Russian) covers imports from Turkey, the work of Turkish companies in Russia and any Turkish nationals working for …

Read More »

Georgian Pianist Will Play for Coldplay’s Latest Album

Khatia Buniatishvili album

Coldplayzone have posted an exclusive on their website, which previews Coldplay’s seventh album (due for release on December 4th!). Georgian pianist, Khatia Buniatishvili is another collaboration on ‘A Head Full Of Dreams’ and will be playing the piano on the mentioned track. Inspired by the work ‘The Guest House’ of …

Read More »

The Second Meeting of Business Café

Business Café – Second meeting of the joint project by Insource and PASHA Bank

Consultancy company Insource and PASHA Bank hosted the second meeting at Business Café. The meeting was held at Holiday Inn Tbilisi. Among the guests were representatives of top management of the leading Georgian businesses. The meeting was moderated by Mr. Alexander Jejelava and the main topic of this very interactive …

Read More »