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Daily Archives: January 26, 2016

„Sun d’Or Airlines” starts flight toward Tbilisi and Batumi

„Sun d’Or Airlines” starts flight toward Tbilisi and Batumi

Several Months of negotiations between the operator company of Tbilisi and Batumi International Airports- TAV Georgia and subsidiary company of “El Al Israel Airlines” – “Sun d’Or Airlines” have come to successful outcome. During the two days visit in Georgia, the representatives of the air company, held meetings, organized by …

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National Bank Expects the Exchange Rate to Stabilize in the Near Future

The exchange rate of the national currency will stabilize in the nearest future – Giorgi Kasagidze, President of the the National Bank of Georgia, states. According to him, the devaluation of the national currency in recent weeks was  largely caused by   the negative expectations that have arisen due to the …

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China Stocks Plunge to 13-Month Low

China Stocks Plunge to 13-Month Low

China’s stocks tumbled to the lowest levels in 13 months amid concern capital outflows will accelerate as the economy slows and support for the yuan eats into the nation’s foreign reserves, Bloomberg reports. The Shanghai Composite Index plunged 6.4 percent to 2,749.79 at the close. All industry groups slumped, ranging …

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Putin is corrupt’ says US Treasury

PUTIN

A U.S. Treasury official said the United States considers Russian President Vladimir Putin to be corrupt and that it has known this for “many, many years,” the BBC reported on Monday. Adam Szubin, acting Treasury secretary for terrorism and financial crimes, said in an interview with BBC Panorama that the …

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Hungarian Low-Cost Airline May Add More Flights From Georgia

Wizz Air

“Negotiations are held on adding of flights of Wiz air to Middle East, Asia and Europe direction”, – Ketevan Aleksidze, head of Georgian Airport Union declares. According to her, entrance of low-cost air companies remains priority. Negotiations are held with Wiz air on adding of flights. “Until negotiations will not …

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Film in Georgia: Producers Will Be Able to Return 25% of Expenditures

Producers will be able to return 25% of expenditures while shooting a film in Georgia. Prime Minister George Kvirikashvili will introduce the new direction of state program “Produce in Georgia” to the society. Presentation will be held in exhibition centre “Karvasla” at 14:00, on January 26. The goal of the program …

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Georgia’s GDP is Expected to Rise: UN Report

GDP Georgia

UN predicts Georgia’s real GDP growth at 2.5 percent in 2016, 2.7 percent — in 2017, according to the UN report World Economic Situation and Prospects 2016. According to the UN data, Georgia’s GDP growth decreased up to 2.5 percent in 2015 (compared to 4.8 percent in 2014, 3.3 percent …

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First High Class Hotel Opens in Abastumani

Abastumani Hotel

Partnership Fund jointly with company “Redix Group” works on the first high-class hotel in Abastumani. According to the project, 4-star hotel will be built in Daba Abastumani,  Agobila settlement. As of the Fund, 160-room hotel includes café-restaurant, conference hall, meeting room, swimming –pool, bar, fitness club and SPA. George Cherkezishvili, …

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