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Daily Archives: May 19, 2016

Georgian Red Wine Turns Gold: Shumi Wines Win Big in London

Georgian Red Wine Turns Gold: Shumi Wines Win Big in London

A Georgian wine company has secured a gold award for its Ilerco 2012 at one the world’s most prestigious wine competitions. Following two weeks of intensive blind tastings in London, United Kingdom, the International Wine Challenge 2016 revealed Georgian wine made by Shumi with the native Saperavi grape was the winner of …

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Georgian Wines Win 32 Awards at International Wine Challenge 2016

32 Georgian wines have received awards of International Wine Challenge (IWC), including Gold and Trophy. Gold and Trophy were awarded to the same wine – Shumi’s Ilerco 2012. The results of annual IWC competition were announced recently in London. Congratulations to Shumi for double success! Georgia’s performance in 2016 was much better than …

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S&P Approves Georgia’s Sovereign Rating

Standard & Poor’s has approved Georgia’s sovereign rating at BB-/B level with the prognosis of Stable. The agency has negatively appraised Georgia’s current GDP per capita, high deficit of account, dependence of balance of payment in imports and growth in external debts. At the same time, the Agency has positively …

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WHO Warns Georgia and Russia of Zika Virus Outbreak this Summer

The Zika virus could spread to Europe this summer, although the likelihood of an outbreak is low to moderate, the World Health Organization has said. Areas most at risk are those where Aedes mosquitoes may spread the virus, like the Black Sea coast of Russia and Georgia and the island …

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Georgian Central Banker Seeks to Renew Trust as Easing Continues

Georgian Central Banker Seeks to Renew Trust as Easing Continues

Georgia’s new central bank governor said he’ll repair public confidence in the regulator following bruising confrontations with the government, as he indicated that interest rates will continue to fall. The monetary authority “lost some credibility” due to a “quite turbulent 2015” amid clashes between the government and his predecessor over …

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