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Daily Archives: January 13, 2016

The 20 Most Amazing Photographs of Shuakhevi HPP

The 20 Most Amazing Photographs of Shuakhevi HPP

Company Adjaristsqali Georgia (AGL) is actively working on the construction of Shuakhevi HPP. This is the most impressive project which is currently being implemented in Georgia. We offer you the 20 most amazing photos from the construction. These photos really reflect the grand scale of the project.

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PM and Energy Minister Holding Meeting with SOCAR Representatives

PM and Energy Minister Holding Meeting with SOCAR Representatives

Prime Minister of Georgia Giorgi Kvirkashvili is holding a meeting with the SOCAR Company representatives at the moment. The meeting is underway at the governmental administration and is attended by vice PM Minister of Energy Kakha Kaladze and Deputy Energy Minister Mariam Valishvili. SOCAR President Rovnag Abdulaev and SOCAR Georgia …

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Prices of Oil Products Still Not Reduced in Georgia

Prices for Oil Products not Reduced in Georgia

The global trend of reducing prices on petroleum products has not had any impact on Georgia. Against the background of a collapse in world oil prices, the cost of fuel in Georgia remains unchanged for several months now. Since January, the international price of oil fell to 31 dollars per …

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Travelers Stream Has Increased by 13% in Georgia’s Intl Airports

escape-your-debt

 Travelers Stream has increased by 13% in Georgia’s International Airports International Airports of Tbilisi, Batumi and Kutaisi have served 2,3 million travelers in 2015 compared with the 2 million passengers in 2014. The growth total amounts to 12.7%. The use of Georgian airspace has increased by 6.6% and the number …

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Georgia Finished 2015 with a Foreign Debt of 4,3 billion

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Georgia finished 2015 with a foreign debt of 4,3 billion USD (10,3 billion GEL). To note, 99% of the mentioned sum is a state debt, which volume totals to 4,314 billion USD as of December 31, 2015, at that the country owns 3,295 million of multiple creditors. Debt of National …

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Economist Evaluates the year of 2015 for Georgia’s Economy

beso namchavadze

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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General Director of BasisBank Reviews the year of 2015 for Banking Sector

David Tsaava

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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Georgia Features at New York Times Travel Show

tourism

According to the Tourism Administration of Georgia, Georgia participates at New York Times Travel Show, which is the largest exhibition of the country, together with tourism administration few Georgian companies took part in the show. The New York Times Travel Industry Conference offers a comprehensive education program designed for travel …

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No Serious Problems with Gas Supply to Georgia – SOCAR

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Georgia has never had serious problems with gas supply from Azerbaijan, Mahir Mammadov, head of SOCAR Energy Georgia, a subsidiary of Azerbaijan’s state oil company SOCAR, told Trend agency. He said various processes that have no impact on the total volume of gas supplies occasionally take place. “The matter rests …

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