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Daily Archives: December 1, 2015

Russian Tour Operators could Substitute Turkey for Georgia

Russian Tour Operators could Substitute Turkey for GeorgiaRussian Tour Operators could Substitute Turkey for Georgia

Managers of travel agencies in Omsk (Russia) don’t consider the closure of  Egypt and Turkey a big problem. One can rest in Batumi as  in a  small Abu Dhabi, and in Baku –  as in Dubai. This issue was discussed at a meeting  of journalists,  managers of tourism companies and …

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Trump Says he’ll Debate on CNN if It Donates $5M

Trump Says he'll Debate on CNN if It Donates $5M

Business mogul Donald Trump demanded on Monday that CNN, the host of the next GOP debate, pay him $5 million dollars to participate, with the proceeds to be donated to veterans. “I won’t do the debate unless they pay me 5 million dollars,” Trump said. Trump floated being paid to …

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Demand for Russian Products Increased in Georgia

Demand for Russian Products Increased in Georgia

Import to Georgia from Russia increased, while exports from Georgia to Russia fell sharply. According to the Statistics Service, over the past 10 months products worth $ 467,5 million were imported from Russia to Georgia that is  30 million more than in the same period of 2014. With regard to …

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Lado Gurgenidze will Remain Chairman of Liberty Bank for One More Year

Former PM of Georgia Lado Gurgenidze

Lado Gurgenidze will remain at Liberty Bank, according to news agency GBC. On December 18, Georgia’s Liberty Bank will hold a shareholders meeting to renew the contract with Lado Gurgenidze as the Chairmain of the Board and plans to remain as Chairman of Liberty Bank for 1 more year. The shareholders meeting …

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Toyota Unveils Regional Training Center of Great Importance in Tbilisi

Toyota Tbilisi

Toyota’s official training center was unveiled at Kindzmarauli Street 5, Tbilisi on November 27. To celebrate Caucasus’ biggest training center launch, Toyota Caucasus, the Toyota’s official representation in the Caucasus region held a solemn reception. To ceremony was attended by heads of Toyota training divisions from European head office, which …

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Ephrem Urumashvili: Bitcoin is the Least Risky Crypto Currency

Efrem Urumashvili

The present-day finance system is actualizing the technology of crypto currencies. Fortunately, Georgia is zealously pursuing the development of this innovative technology and our country is expected to lighten up on the global map of new technologies thanks to the very BitCoin Mining. The last developments, acts of terrorism in …

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Co-Investment Fund Plans to Launch Five New Projects Worth One Billion USD

Giorgi Bachiashvili

Since the Georgian Dream coalition came to power in 2012, the then Prime Minister Bidzina Ivanishvili proposed setting up the Co-Investment Fund with focus on drawing foreign investments to Georgia and implementing large-scale projects. The Fund united major investors from the very inception. The Fund was established two years ago …

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Egypt Replaces Turkey in the Russian Market


Cairo has asked Moscow to provide it with the list of banned Turkish goods, saying it is ready to export Egyptian products to Russia. The issue was raised at the meeting between Egyptian Trade Minister Tarek Kabila and his Russian counterpart Denis Manturov, according to Egypt’s Ministry of Trade and …

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