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Daily Archives: June 29, 2016

Kumsishvili: We Do Not Manipulate with Expectations of Currency

Kumsishvili: We Do Not Manipulate with Expectations of Currency

GEL rate remains a hot topic. Minister of Economy has recalled sharp devaluation of national currency (11%) through the last two weeks afresh and noted, that to make a comment on the daily change of the rate is incorrect. He called for private individuals and legal entities to conduct the procedures …

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Georgia Grows into Important Transit Point and Energy Corridor

Georgia has become an important transit point and energy corridor, Georgian Prime Minister Giorgi Kvirikashvili said at the Georgia-Switzerland business forum. “Pipelines transporting Caspian oil and gas to Turkey and Europe cross the territory of Georgia. We have the same situation in relation to new railroad and motorway networks – …

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Take a First Look at New Double-Decker Trains

Brand new, modern double-decker trains made in Switzerland have been introduced to the Georgian railway network which will serve passengers travelling between capital Tbilisi to the country’s Black Sea resorts this summer. An official page of Georgian Railways published first pictures of these latest trains which will be available soon.

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PM: Georgia Grows into Important Transit Point and Energy Corridor

PM: Georgia Grows into Important Transit Point and Energy Corridor

Georgia has become an important transit point and energy corridor, Georgian Prime Minister Giorgi Kvirikashvili said at the Georgia-Switzerland business forum. “Pipelines transporting Caspian oil and gas to Turkey and Europe cross the territory of Georgia. We have the same situation in relation to new railroad and motorway networks – …

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Tourist flow from Russia to Turkey may be Restored this Summer

Tourist flow from Russia to Turkey may be Restored this Summer

Tourist flow from Russia to Turkey may be restored this summer, member of Russian Federation Council’s International Affairs Committee Igor Morozov said, RIA Novosti reported. “It is possible to get permission for organized tourist trips within 10-14 days,” Morozov said. “Turkey will be already able to receive tourists from Russia …

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Halyk Bank Georgia and Master Card Provide The First Tax Payable Watch

Halyk Bank Georgia and Master Card Provide The First Tax Payable Watch

The company Master Card and Halyk Bank Georgia are working on the joint project to provide the customers the first tax payable watches, titled as “watch2pay”. This is the contactless revolution. Thanks to this project, for the first time, it will be possible to implement contactless payment system by using hand …

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Swiss sign free-trade Treaty with Georgia

Swiss sign free-trade Treaty with Georgia

EFTA states Switzerland, Norway, Iceland and Liechtenstein have signed in Bern a free-trade agreement with Georgia, represented by Prime Minister Giorgi Kvirikashvili. Brexit was also placed on the agenda at short notice. Swiss Economics Minister Johann Schneider-Ammann, who holds the rotating Swiss presidency this year, received Kvirikashvili for an official …

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Gurieli Tea Manufacturer to Produce Japanese Tea

Geoplant, a Georgian tea manufacturing company that produces tea under the brand name of Gurieli plans to increase exports and introduce organic tea up to the end of 2016. The company head Mikheil Chkuaseli told the Financial newspaper that Gurieli company plans to diversify products and improve packaging quality. The …

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Ministry Of Finance Of Georgia Treasury Bill Auction Results

Ministry Of Finance Of Georgia Treasury Bill Auction Results

On June 29, 2016, securities in the amount of GEL 75 000 000 with a maturity of  336-days were sold at the Ministry of Finance Treasury Bill Auction. Five commercial banks participated in the auction. The total demand amounted to GEL 177 406 000. Minimum yield was 7.000%, maximum yield was 7.290% …

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Tbilisi’s Coolest Skaterboarder Walks for Balenciaga

On the day that we meet in Tbilisi, Georgia, Sandro Popkhadze is draped in secondhand clothes, scampering around the café Nakua, a local skater hangout where he will perform tricks later for a children’s birthday party. His patterned button-up shirt is emblazoned with silver Georgian writing that reads Managua, the …

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