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Monthly Archives: February 2016

Tbilisi City Hall Issues Tbilisi Gifts Catalogue

On February 25, at 19 o’clock, Tbilisi Council will introduce a gift catalog – Tbilisi Gift. The edition was published by the Tbilisi City Hall center for culture events. Before this publication, the culture entrepreneurship festival was held as part of Tbilisoba 2015 Fest. The event was held at the …

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Swissinfo: Novartis Suspected of Corruption

Swissinfo Novartis Suspected of Corruptions

Swiss pharmaceutical giant Novartis is under investigation in South Korea, a spokeswoman for the company told swissinfo.ch on Monday via email. “We can confirm that the headquarters of Novartis Korea in Seoul were visited by local authorities in relation to an investigation on Feb 22, 2016,” she wrote. According to …

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Austrian Georgian Development Ceases Operations in Georgia

"Austrian Georgian Development" Ceased Its Operations in Georgia

“Austrian Georgian Development” ceased its operations in terms of constructing hydro powers throughout Georgia. Based on the decision made by Georgian Prime Minister, the memorandum of understanding is annulled between Georgian government and Ltd “Austrian Georgian Development”. The main reason of this occasion exists in the memorandum; more precisely in …

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Bank Sector’s Revenues and Expenditures Shrink

GEL Lari

The bank sector has reduced gross expenditures, but deposit expenses have increased anyway. In January commercial banks’ gross expenditures marked 229.3million GEL (284.6 million GEL as of 01.2015). The declination is recorded in the year on year context: -19.4%. The revenues have declined by 15.7% year on year. At the …

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BTK Railway Project to Improve Economic Climate in Region


The implementation of the Baku-Tbilisi-Kars (BTK) railway construction project will improve economic climate in the region, Alexander Murinson, a senior fellow at the Begin-Sadat Center for Strategic Studies and Bar Ilan University, told Trend news agency. He said that this project is a guarantor of economic stability, adding that the …

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PORTALI Enters Oil Products Retail Market


A new company plans to launch operation in the oil products retail sector of Georgia. Portal, the oil products distribution company, plans to organize its own retail chain in Georgia. According to the project, the first fuelling station will open in Tbilisi, in the Navtlughi area, in 2-3 months. The company …

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Biodegradable Bags Will Now Produce in Georgia

biodegradable bags Georgia

Company Plastic Production, polyethylene production plant, was put into operation. The plant owned by the company is located in Adjara, where polyethylene biodegradable bags are manufactured. The company is the first in Georgia, which has offered air-bubble, packaging tapes. The management expects replacement of import due to the high quality …

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Turkish Company Ready to Make Investment of $40 million in Adjara

Aşkale Cement announces about the interests linked to the construction of cement and bitumen plant in Adjara. The representatives of the company has introduced the project to the government of Adjara. According to the company’s offer, cement plant should be built on land plot of 50 000 square m, where …

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Amazing Pictures of Soviet Tbilisi

Tbilsi Soviet Times

The architecture in the city is a mixture of local (Georgian), with strong influences of Byzantine, European/Russian and Middle Eastern architectural styles. The oldest parts of town, including the Abanot-Ubani, Avlabari, and to a certain extent the Sololaki districts clearly have a traditional Georgian architectural look with Middle Eastern influences. The areas of Tbilisi which were …

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