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Daily Archives: February 15, 2016

Radisson Hotel to Open in Gudauri in 2017

red-co

In two months Red-co company will sign an agreement with Radisson international hotels brand on opening a Radisson hotel in Gudauri. The due memorandum has been already signed with Radisson and the agreement is being drafted, Red-co projects manager Malkhaz Kunelauri told the Commersant radio station. There is a suitable …

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Caucasus Business Week #133

Caucasus Business Week #133

1. Communications Market to See Major Deal 2. Mamuka Khazaradze about Anaklia Seaport, Shopping Mall and other Mega Projects 3. Gas Reserves! – Frontera Speculations or Opportunity for Georgia’s Salvation 4. Online Loans Must Be Banned! 5. Mikheil Chkuaseli – Gambling Business is out of My Interest Area 6. Bros …

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Cost of Living Grew in Georgia

cost of living

 In January 2016 the cost of living grew by 1.8 GEL compared to December 2015 and constituted 164.2 GEL. According to GeoStat, the national statistics service of Georgia, the cost of living has increased by 4 GEL year on year. Namely, the сost of living was 160.2 GEL in January …

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Review of World Oil Prices for last Week

Review of World Oil Prices for last Week

The average spot price for nine varieties of world oil types last week (February 8-12) amounted to $28.55 per barrel compared to $30.71 per barrel the previous week. The highest average spot price was observed on Bonny Light oil produced in Nigeria, which amounted to $31.17 per barrel compared to …

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EU Parliament wants deeper economic co-op with Azerbaijan

EU Parliament wants deeper economic co-op with Azerbaijan

The relations between the EU and Azerbaijan must be absolutely better and more concrete, especially in economic sphere, European Parliament Vice-President Ryszard Czarnecki told Trend Feb. 15. “We should improve relations between the EU and Azerbaijan and the EU member countries and Azerbaijan,” he said. “Role of Azerbaijan in Europe’s …

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Wider Look at Baku-Tbilisi-Kars Railway Project

Azerbaijan, Georgia and Turkey, the troika engaged in implementation of giant energy and transport projects, have met in Tbilisi to discuss the progress of construction of the Baku-Tbilisi-Kars railway. Current problems, railway transportation among the three countries and future prospects of cooperation have also been discussed. The talks held on …

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Georgia’s External State Debts Mark 4.3 billion USD

Money

Georgia’s external state debts constituted 4.3 billion USD (10.632 billion GEL) as of February 1, 2016. The government’s external debts marked 4.281 billion USD, including the Government owes 3.055 billion USD liabilities to multilateral creditors and 723.7 million GEL to bilateral creditors, the Georgian Finance Ministry’s statistics reports. The National …

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Irma Khetsuriani took 2nd place and Won Silver medal

irma

Georgian sportsman Irma Khetsuriani, who is the famous fencer took second place and received Silver medal at the Wheelchair Fencing World Cup in Hungary. In the final, Irma Khetsuriani was competing with Ukranian world champion Tatiana Kozniaks. After defeating, Khetsuriani got second place and managed to be awarded with silver medal.

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