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Daily Archives: December 30, 2015

Batumi is Getting Ready For New Year’s Grand Concerts

Batumi is Getting Ready For New Year's Grand Concerts

From Today official rehearsals for New Year’s grand concerts have started in Ajara‘s capital town Batumi. Grammy award winner group Inner Circle and clarinetist  Giora Feidman will perform tomorrow. Feidman together with Georgian national orchestrate and Capella have made special collaboration to people who love classic music. Concerts will last two …

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Georgian Oil Market Tendencies of 2015 at a Glance

Vano Mtvralashvili

55 million GEL Fine by the competition agency, GEL devaluation and global tariffs volatility – these main factors have determined the Georgian oil products market tendencies in 2015. In his interview with the Caucasus Business Week, Vano Mtvralashvili, the head of the Union of Oil Products Importers, overviews the 2015 …

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Georgia Healthcare Group Launches Two New Ambulatory Clinic Clusters

Georgia Healthcare Group PLC on Wednesday said it has launched two new ambulatory clinic clusters in Georgia, in the capital Tbilisi and in Kutaisi, the capital of the western region of the country. Georgia Healthcare Group appeared  public on the London stock market recently. The Georgia-based medical insurance and hospital provider …

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REUTERS: Georgia, with Eye on 2016 Election, Switches Prime Minister

Giorgi Kvirikashvili

London based international news agency Reuters publishes an article stating Georgia’s new prime Minister Giorgi Kvirikashvili’s appointment by parliament yesterday. “An appointment widely seen as an attempt to boost the ruling coalition’s flagging popularity amid an economic slump,” says Reuter. Kvirikashvili, 48, who was also first deputy prime minister before …

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A 33-storey Luxury Residential High-rise to be Built in the Capital

A 33-storey Luxury Residential High-rise to be Built in the Capital

The construction of  a 33-storey luxury residential high-rise  Didube  Tower,  which pretends  to be one of the highest in the capital , is underway on Tsereteli Avenue of the Georgian capital. A representative of  the project implementing company Royal Group says  that the quality of construction meets high standards. According to him, …

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Tourism Sector Greets 2016 with A Positive Outlook

Tourism Sector Greets 2016 with A Positive Outlook

The National Tourism Administration positively appraises the 2015 tourism season. The administration head Giorgi Chogovadze assures the 2015 report will register record figures. The administration will continue campaigns for attracting foreign tourists in 2016. The next year Georgia will host the first international wine conference that is organized bye the …

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Georgia’s Banking Sector Looks to 2016 with Optimism

The Fitch rating for the Georgian bank sector is “Stable”. This signifies considerable reserves of commercial banks will compensate the quality of assets affected by the GEL depreciation. The 36% devaluation was the main challenge in 2015. The bank sector has showed steadiness amid the GEL depreciation, GDP growth slowdown …

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