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Monthly Archives: April 2016

National Bank of Georgia Lowers Refinancing Rate to 7.5%

National Bank of Georgia Lowers Refinancing Rate to 7.5%

The monetary policy committee of the National Bank of Georgia (NBG) has lowered the refinancing rate by 50 base points to 7.5%. The NBG statement reads that the decision reflects the macroeconomic forecasts proving that tightening of monetary policy in 2015 has made positive effect on inflation rate. Under the …

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TBC Status Presenting the 10th Black Sea Jazz Festival

TBC Bank‘s personal banking service, TBC Status presents 10th Black Sea Jazz Festival 2016.  The press conference was held regarding the Black Sea Jazz Fest 10th at the TBC Gallery, where Nika Kurdiani the Deputy CEO of TBC Bank and the director of Eastern Promotion Giorgi Kereselidze, the traditional organizer of all …

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WB Forecasts World Oil Demand Growth

WB Forecasts World Oil Demand Growth

World oil demand is projected to increase by 1.2 mb/d to 95.9 mb/d in 2016, said the WB latest Commodity Markets Outlook. According to the outlook, OECD oil demand is projected to be flat, with modest gains in North America offset by losses elsewhere. Non-OECD oil demand is projected to …

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AP Interview: Georgia Prime Minister Vows Course Toward West

The prime minister of Georgia says his country will continue moving on a pro-Western course and he’s pledging to hold an honest parliamentary election this fall. In an interview with The Associated Press, Giorgi Kvirikashvili  says that Georgians have a very clear will to be pro-Western, pro-European. Kvirikashvili is a …

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17 Things To Know Before You Go To Tbilisi: Roads and Kingdoms

Drink wine out of repurposed Coca-Cola bottles. Georgia—a country of just under four million people on the Black Sea, straddling Eastern Europe and West Asia—claims to be the birthplace of wine. (Though to be fair, they also claim to be the birthplace of democracy and to possess the original death-shroud …

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Georgian Sommelier Association to Certify First Official Sommeliers in Georgia

Today Holiday Inn hotel is hosting Georgia’s first sommeliers’ certifying tests. The Tbilisi Wine School students will take theoretical and practical exams for 2 days. Successful students will officially obtain the status of a sommelier or the status of an sommelier assistant. These titles have been recognized by the Georgian Sommeliers …

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HuffingtonPost: Former Opera Star Thinks His Country Will Be Russia’s Next Ukraine

Paata Burchuladze

HuffingtonPost publishes an article saying, Former Opera Star, Paata Burchuladze thinks his country will be Russia’s next Ukraine Paata Burchuladze is working Capitol Hill to raise awareness about Georgia’s worries. Burchuladze believes election season will invite foul play by Georgia’s powerful neighbor Russia. He wants American attention to ensure the elections …

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