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Daily Archives: January 8, 2016

Amazing Video Shows Best of Tbilisi

Tbilisi

Robbie RG Commercial records a video showing Tbilisi highlights from different angles of the city. Georgia-based director Robert Gevorkov made this incredible video and named it “Tbilisi From the Sky.” According to the director, the video has been in production for one month and shows Tbilisi at every part of …

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Energy Ministry Seeking Investors for the HPP’s Construction

Energy Ministry Seeking Investors for the HPP’s Construction

Ministry of Energy of Georgia, on behalf of the Georgian Energy Development Fund (GEDF), is looking for an investor for the construction of a giant hydroelectric– Namakhvami cascade. The cascade consists of two hydro power plants with a total capacity of 433 MW. It is assumed that the hydroelectric power …

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Different Georgia: Pablo Ferrari Captures Amazing Moments

Different Georgia: Pablo Ferrari Captures Amazing Photographs of Georgia

Argentinian Photographer and Digital Artist Based in Tbilisi Pablo Ferrari, captures amazing photos of Georgia. Photographer travels to Georgia and tries to show the best of Georgia. Photos are breathtaking and reflect the real Georgia and its capital city Tbilisi, photographs are like paintings and mostly show Georgian culture and …

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Georgia Develops Middle Market Sector: Park Inn By Radisson Planned to Open

Radisson

Partnership Fund together with local investment company “Block Invest” is working on opening three star hotel, Park Inn By Radisson. According to Partnership fund, they will build a 200-room hotel with cafe-restaurant, conference halls meeting rooms and etc. Director of investment department of Partnership Fund Giorgi Cherkezishvili says that Georgia is in …

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Founder of Gudauri Heli-Ski Evaluates the year of 2015

Vakhtang Asatashvili

Vakhtang Asatashvili The founder of Gudauri Heli-Ski reviews the year of 2015 for their company . The statistics shows the 2015 results were unsatisfactory. In the January to November period, 2 % upturn was registered in the tourism sector and the inflows of visitors have increased by 7%, while in 2014, …

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Experts React on Introduction of New Player on Georgia’s Pharmaceutical Market

Humanity GeorgiaHumanity Georgia

Humanity Georgia company has entered the Georgian pharmaceutical market. According to the business registry, the company was registered in May 2015. Humanity Georgia will introduce a wide option of medications to the pharmaceutical market in the near future. Quality of the company-manufactured medications is approved by the manufacturer’s EU GMP …

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Currency Crisis in Azerbaijan

Currency Crisis in Azerbaijan

The world met 2016 with declining prices of crude oil and depreciated currencies. Despite the fact that the first days of 2016 saw increasing prices for oil which are down by two-thirds since mid-2014, to form budget revenues relying on temporary price jumps would be a wrong step. To overcome the …

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Economy of Georgia in 2015: Natia Turnava Assesses the Year

Natia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia Turnava

GDP rose by 2.8% (averaged indicator for January to October period in 2015) after 4.5% upturn in 2014. Foreign direct investments declined by 17% to 1.019 billion USD (the January to September indicators), foreign trade plunged by 14%, while international tourism turnover rose by about 7% – these indicators reflect …

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SOCAR Says No Need to Build LNG Terminal in Georgia

vadif-aliyev

SOCAR doesn’t need to build a new LNG terminal on the Black Sea coast of Georgia in the near future. This was noted by Vagif Aliyev, the Head of the Investment Department of Azerbaijan’s state energy company SOCAR, in an interview with local TV channel on January 7. He said …

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