“There are a lot of countries that have ceased to publish financial stability report, however, later some of them resumed, and some of them did not”, – said Koba Gvenetadze, the president of National Bank of Georgia to Business Contact. According to him, Financial Stability Report is one of the …

Azerbaijan and Turkmenistan are negotiating the opportunities of transporting Turkmen gas to Europe through the Southern Gas Corridor, Natig Aliyev, Azerbaijani energy minister, said in an interview with ANS TV channel. “There are two pragmatic options,” the minister said. “The first option is to construct the Trans-Caspian pipeline, while the …

Arabian company ISRAIL AHMADOV INVESTMENT LLC plans to invest $500 million at the Shaori Lake territory in Racha. The company will build sport and leisure complex in the area. According to the company at least $ 500 million will be invested. Additionally to this company other Arabian and European companies will be …

Georgian pitch wine is in London. However, 9 cellars were nominated at the international exhibition, which was arranged by Isabelle Lezheron, the famous French wine master: “Satsnakheili”, “Winery Nika”, “Gotsa’s Wines”, “Temi”, “The Twins’ Wine Caller”, “Manaveli”, “ Natenadze’s Wine” and “Khohbis Tsremelbi”. George Samanishvili, head of Wine Agency focused …

The Association of Young Financiers and Businessmen (AYFB), jointly with the Healthcare Platform nongovernmental organization, has published the April report for the Panaskerteli Index. The report shows that in April the Panaskerteli Index decreased slightly by 0.3 points to 11.7 point. In whole, prices declined on 16 medications and increased …

CNN lists nine reasons why people need to visit Georgia, that “is a country shrouded in mystery.” Until recently, many would have struggled to place the country of Georgia on the map (or at least mistake it for the U.S. state of the same name), but it’s quickly becoming one of …

The globetrotting host drinks chacha… and wine… and raki in Eastern Europe Images of clinking wine glasses and roasting meat skewers, overlaid by the sounds of folk singing, open episode five of Parts Unknown’s seventh season. Anthony Bourdain’s excursion this week to the Republic of Georgia is one threaded with …

What makes a good winemaker? Is it a viticulturist’s arsenal of facts and scientific techniques combined with access to the best fruit? Or is it the villager’s traditional knowledge of picking, pressing, fermenting, and bottling his grapes? It is this concern, which strikingly mirrors a conflict in politics, that divides …

After Italy, Switzerland, Austria, and Japan the world’s fifth-largest Institute of Technology will be established in Georgia. “Technological Institute is epochally important project for our country”, – the Prime Minister Giorgi Kvirikashvili said at the presentation of the Institute of Technology construction project. Georgian Government is the founder of the …

In the globalization era, when economic borders between countries turn invisible, in practice, the role of transportation companies acquire vital importance. The economic development of the country largely depends on the transportation sector tendencies, while shipping companies are facing essential problems at this stage.  Unsatisfactory infrastructure, monopolistic conditions of several …

Registration Economic Zone will be created in Stepantsminda, the revenue service head told the Business Contact. The registration economic zone will considerably alleviate performance of exporters and importers. Moreover, an investor will also build the so-called Tip Park in Stepantsminda to discharge the road traffic and prevent traffic jams and …