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Daily Archives: January 6, 2016

Angela Merkel: Germany Will Remain Georgia’s Reliable Partner

angela merkel

“Germany will remain Georgia’s reliable partner on your way to economic and democratic development,”Angela Merkel writes in her letter of congratulation to Georgia’s Prime Minister Giorgi Kvirikashvili. I am confident that relations between our countries will continue to develop with positive directions. Germany will stay Georgia’s reliable partner alongside democratic and …

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Philip Morris Releases A Clarification About Increased Prices on Cigarettes

Philip Morris releases  clarification about increased prices on specific cigarettes. In relation to recent media reports about steep price increases at retail for Philip Morris Georgia LLC products, including MARLBORO and PARLIAMENT, Philip Morris Georgia would like to clarify that it has not made any increase to its prices to …

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Georgia Among Where to Go Countries by Guardian

The Guardian BatumiThe Guardian Batumi

Guardian is impressed  by Georgia. For the second time this year UK based website publishes where to go article listing Georgia among top travel destinations. “Georgia is less crowded than much of Europe but offers much more bang for your buck. Flights are cheap and Pegasus’s route to Batumi makes …

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Bright Side: Take Me To Georgia (Gallery)

Georgia

Now Georgia’s turn! famous blog Bright Side which enjoys 4 million visitors a day makes bucket list of countries they offer to visit, category is named “Take me to”. In this small and wonderful country, you can find happiness at any time of the year here. In fact, you can find everything in Georgia. In a few …

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Vakhtang Butskhrikidze Reviews Performance of Banking Sector in 2015

Vakhtang Butskhrikidze

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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Lasha Papashvili Reviews Annual Performance of Private Sector in 2015

Businessman Lasha Papashvili to Start a New Project Next Year

What has the year of 2015 brought and what the year of 2016 will bring? Amid the current social and economic tendencies in Georgia, a part of the major business sector representatives negatively evaluate the year of 2015, while another part shows content with the current year’s performance. Lasha Papashvili The …

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Georgian Wine Export Declined by 47 Percent

36,07 million bottles (0,75 l) wine, cost of 98,1 million USD, are exported in 46 countries through 2015 (2014 – $185 million). Despite the sales decline of 47% (y-o-y), the industry positively estimates 2015 at the background of current challenges and exporting markets.  Year mln bottles 2015 36,07 2014 59,0 …

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