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Daily Archives: May 27, 2016

Training Program for Job Seekers to be Enacted

Training Program for Job Seekers to be Enacted

Ministry Cabinet will renovate state training program for Job Seekers. According to Prime Minister George Kviriakshvili, the mentioned program is the essential part of the government’s 4-point reform plan. “The program is characterized by several key issues: the first, it is not a simple mediation between employers and job seekers, that  …

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The Fifth Wave of Natakhtari Fundraising Campaign Started

Natakhtari

Natakhtari Fund organized a press conference dedicated to the fifth wave of the fundraising campaign at Holiday Inn Hotel Tbilisi. The Company management and representatives of the Association Our Home Georgia introduced to the journalists and the audience the projects aimed at educating and employing adolescents deprived of care. Cuneyt …

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EBRD Affirmed Credit Line of 100 Million for Bank of Georgia

EBRD Affirmed Credit Line of 100 Million for Bank of Georgia

A credit line of 100 million has been approved to Bank of Georgia. To note, 50 million USD of the sum is envisaged for enterprise development support, 40 million USD to fund this segment separately and 10 million USD to fund women entrepreneurs operating in this segment. The funds will …

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We are Agreed that Financial Supervisory Should Remain in NBG

We are Agreed that Financial Supervisory Should Remain in NBG

The Vice Premier declares, that decision on remaining of Financial Supervisory in NBG is adopted. Dimitri Kumsishvili, minister of Economy has declared about it with TV-company “Maestro”. “I regard, that the issue is decided and now, we all are agreed that that Financial Supervisory should remain in NBG”, – the …

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Dimitry Kumsishvili: Economic Growth Can be 3.5%

Dimitry Kumsishvili: Economic Growth Can be 3.5%

Minister of Economy and Sustainable Development of Georgia Dimitry Kumsishvili made a statement that in this year economic growth might be more than 3% and it can reach 3.5%. As Kumsishvili noted to “business contact“, economic growth is supported by increased business activity and business expectations. “Today we see that …

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Unemployment Rate is at the Minimum of 12 years

Unemployment Rate is at the Minimum of 12 years

Unemployment rate is declined by 0.4 percentage point in 2015 comparing to 2014 and the figure has amounted to 12%. According to “Geostat”, unemployment rate has achieved the lowest index in 2015 through the last 12 years. Unemployment rate is rather low in village population comparing to the city, because …

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Europe’s Short-Term Visas Target the Wrong Countries

Europe's Short-Term Visas Target the Wrong Countries

In 2014, 14,120 Serbs – who don’t have to apply for short-term visas — were apprehended for being in the EU illegally, almost as many as Turkish and Chinese nationals combined. The number of Georgians caught reached 8 percent of the number of visas issued in that country, and Georgia …

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Azerbaijan’s SOCAR Drilling New Well in Caspian Sea

Azerbaijan’s SOCAR Drilling New Well in Caspian Sea

The Integrated Drilling Trust of Azerbaijan’s State Oil Company (SOCAR) has started to drill a new well at the Bulla Deniz offshore field. The well #78 is being drilled from the platform #6 at the Bulla Deniz field in the Caspian Sea, according to the message. The well’s depth is …

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