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Daily Archives: May 12, 2016

34 Million Dollars Allocated for Tbilisi Bus Renovation

34 Million Dollars Allocated for Tbilisi Bus Renovation

It is decided 34 million USD to be allocated by EBRD for Tbilisi Buses renovation in upcoming future. In London, the Minister of Finance Nodar Khaduri, and the president of European Bank for Reconstruction and Development (EBRD) Sir Suma Chakrabarti have signed a loan and grant agreements, under which “Tbilisi …

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EBRD Upgrades Georgia’s Economic Growth Forecast to 3.4%

EBRD Upgrades Georgia’s Economic Growth Forecast to 3.4%

The European Bank for Reconstruction and Development (EBRD) has upgraded Georgia’s economic growth forecast by 0.8 point. According to the bank’s recent prognosis, Georgia’s economy will grow by 3.4% in 2016, up from 2.6% forecast released in November 2015. The EBRD forecast is based on expectations from coming tourism season …

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Georgia’s Foreign Debts Grow by 382 million USD

Georgia’s Foreign Debts Grow by 382 million USD

Georgia’s foreign debts marked 4.422 billion USD as of May 1, 2016. According to the Finance Ministry statistics, Georgia’s foreign liabilities rose by 27 million USD month on month and by 382 million USD year on year. As of May 1, 2015, Georgia’s external debts constituted 4.04 billion USD, while …

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Georgia Sees Surge in Chinese Investment

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China’s Hualing group in a recognizable name in Georgia. The company is involved in building the largest business trade center in the Caucuses, on the outskirts of Tbilisi. Since 2009, Hauling has invested upwards of $500 million into infrastructure, forestry, and finance across the country. “This is the largest trade …

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Georgia’s Long and Winding Road to Europe: Deutsche Welle

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In the Caucasus, Georgia is the country that is most strongly aligned with Europe. But now, a planned NATO exercise is creating fresh tensions with neighboring Russia. Volker Witting reports. NATO’s Joint Training And Evaluation Center in Georgia is a plain container building on a training site outside Tbilisi. Defense …

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Vogue Inside Dry Bridge, Tbilisi’s Coolest Flea Market

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Vogue reporter  LIANA SATENSTEIN, traveled inside of Georgia’s famous flea market and writes an article about what shopping peculiarities it has. I visit the market during Mercedes-Benz Fashion Week Tbilisi with stylist Ketevan Gvaramadze, who is clad in a Céline coat and Vetements tee; her boyfriend, Michael; and photographer Tamuna …

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Vogue: At Home With the Most Stylish Girl in Tbilisi

Photo/ Tamuna Karumidze

World fashion media outlet Vogue, publishes an article about Georgian girl, who they call the most stylish girl in Tbilisi. At first glance, Nini Nebieridze doesn’t act like your typical It girl. A visit at home with the 20-year-old in Tbilisi, Georgia, is an exercise in youthful insouciance: She’s shoveling …

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Global Start-Ups: Cut Costs! Think Tbilisi, Not Silicon Valley.

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Without investors, funds, offices and especially without money: the entrepreneurs of the past, present and future. We all go through the same steps. Stop for a moment. Think Differently! Don’t run straight to raise investments, and don’t do what everybody else is doing. This is the biggest mistake you can make. …

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Business Association: We should Protect Our Business Environment

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The Business Association of Georgia (BAG) has released a special statement. Over the past months, the business association of Georgia has been scrupulously supervising the processes that are directed against specific businessmen, specific business fields or specific business and investment projects. Sometimes, these tendencies are of campaign character. “In these …

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