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Daily Archives: March 15, 2016

Georgian Authors to Take Part in Leipzig Book Fair 2016

Georgian Authors to Take Part in Leipzig Book Fair 2016

Georgia will be presented at the Leipzig Book Fair 2016 with the new literary program organized and supported by Georgian national Book Center. The program includes various presentations of ten contemporary Georgian authors and four new German Translations supported by GNBC. Georgia participates at the Leipzig Book Fair with its …

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Bank of America’s Merrill Lynch Studying Economic Environment of Georgia

Bank of America Merrill Lynch is Studding Current Environment in Georgia

Finance Minister Nodar Khaduri held a meeting with a representative of Bank of America Merrill Lynch. According to Ministry of Finance, Bank of America wants to study closely Georgia’s macroeconomic parameters, state budget’s performance indexes, as well as investment projects carried out with the support of foreign investors. Bank of America’s …

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GEL Has Strengthened Against USD by 6 Tetri

GEL Has Strengthened Against USD by 6 Tetri

GEL has strengthened against USD and EUR on Tuesday The National Bank of Georgia has set a new exchange rate by March 16, according to which price of 1 USD will become 2,3575 GEL, 1 EUR /2.6126 GEL. Starting with March 15, the GEL has strengthened by 0.0600 point against the …

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Azerbaijan Tops List of Georgia’s Largest Investors

Azerbaijan Tops List of Georgia’s Largest Investors

Azerbaijan invested 40 percent of the total investments made in the economy of Georgia in 2015, the National Statistics Office of Georgia reports. Last year, Azerbaijan invested $542 million (58.9 percent growth) in Georgia and became the largest investor in the country. The other major investors in the country are the …

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Google to Recognize Human’s Voice Without Using any Internet

Google to Recognize Human's Voice Without Using any Internet

Google’s Voice Search system is in the process of improvement.The company works on a new system, which does not require any Internet connection. The new system was tested on Nexus 5 which is 7 times faster than online system. Thus, offline voice recognition works as the outcome obtained was positive. …

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Georgian Socks Gets Ready for Exporting

Georgian Socks Gets Ready for Exporting

The production of “Georgian Socks” can be exported. As the company’s founder Kakha Janezashvili  announces, the company entered the market 4 years ago.The company uses only Italian equipments in the production process. Accroding to him, initially, only few of dozen stockings were produced, whereas nowadays 80 varieties of 20 thousand pairs …

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Manufacturing Cost Rise in Georgia

In February 2016 the Producer Price Index (PPI) for Industrial Products increased 1.1 percent over January 2016. The index rose 3.9 percent compared to February 2015 and 25.5 percent over the 2010 average. In February producer prices registered a 1.0 percent increase for manufacturing, producing an upward effect of 0.82 …

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In February The Minimum living Wage Reduced

In February The Minimum living Wage Reduced

According to the minimum food basket, the men needed 163.2 GEL for existence in the month of February – Geostat stated. Although this indicator is less than the month of Janury by 1 GEL, but more than the indicator in 2015 by 3.2 GEL. Based on the calculations of Geostat, the average family minimum living …

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British Airways Suspending Baku Flights

British Airways company ceases flights on the route London-Baku and vice versa from May 1, 2016, the company’s Baku office told Trend on March 15. The last flight on the London-Baku-London route will be performed on April 29. The company cited the fall in demand and commercial inexpediency as reasons for …

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