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Monthly Archives: December 2015

A New Coffee Plant to Open in Georgia

A New Coffee Plant to Open in Georgia

The Business Group, an exclusive importer of the Italian coffee Lavazza, has completed the construction of the plant. Amiran Gogitidze, Financial Director  in the New Coffee Company says in his interview with CBW that the plant will be put into operation next year. In his words, at this stage the equipment …

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Azerbaijan to More Seriously Fight Bribery, Corruption and Monopolism

Azerbaijan to More Seriously Fight Bribery, Corruption and Monopolism

Azerbaijan will even more seriously fight bribery, corruption, monopolism and illegal activity, President of Azerbaijan Ilham Aliyev said. He made the remarks during the ceremony of awarding athletes and sports experts at the National Olympics Committee. “From now on, we should even more seriously pursue the policy of economic liberalization,” …

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ISET set New Year Supra Index

Supra Index

ISET has published New Year Supra Index linked to New Year’s approaching. The Index shows the cost (in GEL) of a standard supra meal for a family of 5-6 person. Included in our calculations are such traditional dishes as khachapuri, mtsvadi, satsivi, trout, fried chicken, Olivier salad, pkhali, cucumber & …

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Revenues Increased by 38% to the Banking Sector

Banking sector’s revenues of 11 months exceed 3,1 billion GEL, while 1,8 billion (58%) is gained from loans. Banks’ revenues are grown by 38% year-over-year (01.12.14 – 2,288), which exceeds by 4,9% (more 8 times) comparing to the previous year’s growth year-over-year. The expenditures total to 2,6 billion GEL through …

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Georgia Ships Breeder-1 HEU to Russia

The International Atomic Energy Agency (IAEA) has announced “another achievement in global nuclear non-proliferation efforts”, with the shipment of high enriched uranium (HEU) from Georgia yesterday. The 1.83 kg of HEU was removed from the Breeder-1 Neutron Source at Tbilisi State University in Georgia to a secure storage facility in …

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GPI Holding to Insure Identity Cards of the Citizens

GPI Holding

Insurance company GPI Holding starts a new project jointly with Service Development Agency and House of Justice. According to the new initiative, if identity cards are lost or damaged, the holder will be able to recover it without extra costs in the case of insurance. The sides have represented the new …

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Iran, Azerbaijan, Georgia Decide to Use Combined Transport Route

Iran, Azerbaijan, and Georgia have decided to launch a combined transport route that will consist of maritime, road, and railroad sections, Koroush Ghanbari, a senior expert at Iran’s Ministry of Transport said. The route will take goods from the Black Sea through Georgia, Azerbaijan, and Iran to the Persian Gulf …

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Georgian Prime Minister Garibashvili Resigns

Prime Minister Irakly Garibashvili said on Wednesday he had resigned in a surprise move less than a year ahead of a parliamentary election. “I’ve made a decision today to resign from the post of prime minister. … I’m leaving this position today, but will remain a loyal soldier of my …

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Russia is Issuing New Banknotes with Crimea on Them

Russia confirmed that on one side of the note it shows a Crimean landmark — the “Swallow’s Nest” castle — while on the other side it shows”scuttled ships in Sevastopol Bay.” Nearly two years ago, the Ukrainian peninsula of Crimea was controversially “reunified” with Russia by way of well equipped, …

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2015’s Top 10 Fragrances for a Refreshed New Year

Miu Miu

Picking out a new fragrance for yourself, or someone else, can feel like the most daunting of shopping experiences. The market is wildly oversaturated (Derek Lam just introduced 10 new scents at once—talk about options), and sniffing strips of scented paper is about as fun as watching ice melt, with a …

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Georgian Students Constructed Energy Efficient House

Energy effective House

Students of Georgian Technical University have constructed Energy efficient house with a straw and wood, where temperature approximates 18 degrees, despite summer and winter seasons. Third year energetics student Nino Ambokadze said to Ipress.ge that they have constructed energy efficient house to conduct different kinds of tests. House is built …

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