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Daily Archives: May 6, 2016

Competitive Fare to be Introduced on Trans-Caspian International Route

Competitive Fare to be Introduced on Trans-Caspian International Route

A single competitive rate will be introduced in the framework of the of Trans-Caspian international transport route project from June 1, 2016. The Trans-Caspian international transport route (TITR), which is designed to provide transport connections between the East and West of Eurasia, will enable the countries to reduce the costs …

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EBRD to Fund Projects of 400 Million in Georgia

EBRD to Fund Projects of 400 Million in Georgia

European Bank for Reconstruction and Development (EBRD) will allocate the largest sum ever for funding the projects in Georgia. The matter concerns to 400 million EUR, which should be spent on construction of several important projects. Including, Neskra HPP, credit line of 100 million for Bank of Georgia, renovation project …

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In Kareli 2 Mln Investment was Funded in Dried Fruit Processing Plant

In Kareli 2 Mln Investment was funded in Dried Fruit Processing Plant

“Kareli agro-industrial company ” (KAI) funded 2 million investment in the dried fruit processing factory. The company started its operations in last year, and the production realization began in January 2016. Enterprise uses raw materials grown in Kareli, Gori and Baghdadi regions. The company also has 30 hectares of a variety …

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EBRD Increased Economic Growth Forecast to Georgia

EBRD Increased Economic Growth Forecast to Georgia

European Bank for Reconstruction and Development (EBRD) has announced on the economic growth forecast to Georgia. According to Bruno Balvanera, EBRD’s Regional Director, exact figures will be named at the annual meeting in London by the next week. However, it already known, that forecast index will be higher comparing  to …

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PM Congratulated Poland on the Occasion of Constitution Day

PM Congratulated Poland on the Occasion of Constitution Day

Poland is not only a friend to Georgia, but also a model country in terms of our European and Euro-Atlantic aspirations, – Prime Minister of Georgia Giorgi Kvirikashvili addressed the guests of the Poland’s Constitution Day celebratory reception. The Head of the Government congratulated Poland on its national holiday and …

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Meeting of the Economic Council

Meeting of the Economic Council

Positive trends in the Georgian economy, progressive dynamics in tourism industry and macroeconomic parameters were discussed today at the meeting of the Economic Council that was attended by the representatives of the National Bank of Georgia. Respective meeting was held under the chairmanship of the Prime Minister of Georgia at …

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Irakli Kashibadze: Our Aim is the Funded Startups to Move to Silicon Valley to Attract Investments

Georgia Included in the List of Rapidly Developed Countries

The Georgian Government is going to commence the startups’ funding project throughout Georgia. The Partnership Fund (PF) and the Georgia’s Innovation and Technology Agency (GITA) will implement this project. Accordingly, this is joint initiative that will support business ideas and gives them the chance to realize plans. It is known that the new institute will start …

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TBC Bank Wins the Competition of “Business for Gender Equality – to Promote Women’s Education and Professional Development”

TBC Bank Wins the Competition of "Gender Equality for Business - to Promote Women's Education and Professional Development"

TBC Bank won in the competition of “Business for Gender Equality – to promote women’s education and professional development”, that was held under the patronage of The Millennium Challenge Account – Georgia (MCA). There were 29 participant Georgia-based organizations taking part in the competition. The main objective of the competition was to reveal such …

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