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Daily Archives: December 16, 2015

Biggest Bitcoin Data Center Opened in Georgia

 Energy efficient cooling data center with a capacity of  40 mgwt opened in Tbilisi. The Prime Minister attended the opining of the center equipped with innovative system. “ I am very pleased that such a well-known company like BitFury enters in Georgia. He has already declared about the investment of  …

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NBG Strengthens Its Policy Rate By 50 Basis Points To 8.0%

The Monetary Policy Committee (MPC) of the National Bank of Georgia met on December 16, 2015 and decided to increase the refinancing rate by 50 basis points to 8.0 percent. The monetary policy decision is based on the macroeconomic forecast, according to which the tightening of the monetary policy by …

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PM Unveils Datacenter with Innovative Energy-efficient Cooling System

PM Unveils Datacenter with Innovative Energy-efficient Cooling System

Georgian Prime Minister Irakli Gharibashvili has unveiled a datacenter with innovative energy-efficient cooling system. The PM welcomed the fact the worldwide distinguished company of BitFury has made investments in Georgia. In cooperation with the Co-investment Fund, the company has already invested 30 million USD in Georgia, while the mentioned datacenter is …

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Azerbaijan to Ban Alcohol Sale for Cash From 2016

Azerbaijan to Ban Alcohol Sale for Cash From 2016

Azerbaijani President Ilham Aliyev signed a decree on applying amendments to the Criminal Code and the Code of Administrative Offences, which stipulate a ban on the sale for cash of alcoholic drinks, as well as the wholesale of tobacco products. Under the amendments, the sale of excise goods for cash …

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Remittances Fell 18% in November

Remittances Fell 18% in November

According to the National Bank of Georgia (NBG), in November 2015 the volume of money transfers into the country amounted to $  85.2 million or GEL 204.6 million, which is 18.3 percent ($ 19.1 million) less than in November 2014. The volume of money  transfers  from 13 largest donor countries …

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Schuchmann Wines Georgia to Promote Wellness Tourism in Georgia

Schuchmann Wines Georgia to Promote Wellness Tourism in Georgia

An ultra-premium winery “Schuchmann Wines Georgia” will promote welness tourism in the country. According to the company’s Director  General,  work on the design of  “Schuchmann wine spa” complex  has already begun. Nutsa Abramishvili says it’s going to be  a complex offering  relaxing, spa and wellness procedures. In her words, the …

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Mercedes-Benz is the Top Imported Vehicle in Georgia in 2015

Mercedes-Benz is the Top Imported Vehicle in Georgia in 2015

Wth 13,069 units, out of a total of 53,300 vehicles imported in Georgia during January-October 2015, Mercedes-Benz is the bestselling auto brand in Georgia, The FININCIAL writes. The German brand is followed by Japanese Nissan and Toyota, each counting more than 5,000. The current year has been another difficult year …

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