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Monthly Archives: June 2016

A Free Trade Agreement Between Georgia and EFTA was Signed

Exactly 2 years after signing the DCFTA with the EU, Georgia has concluded the Free Trade Agreement (the FTA) with European Free Trade Association (EFTA) that encompasses Switzerland, Lichtenstein, Norway and Iceland. The document was signed today in Bern within the frames of the Prime Minister’s visit to the Swiss …

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PASHA Bank Funds a Training for Socially Vulnerable and Successful Students

Pasha Bank

PASHA Bank sponsored a one-day training organized by Tbilisi Hippo Fund and International School of Intellect and Education (ISIE). The training was arranged for the socially vulnerable students and those with high academic performance. The training was held near Tbilisi in a specially selected casual atmosphere, so that the participants …

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Tbilisi Ranks 12th Among the World’s Cheapest Cities

How Much does it Cost to Travel in Georgia?

Mercer consulting company has published its new annual survey that names the world’s least expensive cities for expatriates. The survey comprises indicators for 209 countries based on prices of over 200 goods and services, leasing, entertainment, education, food, petrol and transport expenditures. In the 2016 rating Tbilisi occupies 12th position. …

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Fady Asly: Competition Agency Safeguards Monopolies instead of their Restriction

“The competition agency safeguards monopolies instead of restricting them”, Fady Asly, president of International Chamber of Commerce (ICC Georgia) made this statement  on the decision made by the Competition Agency regarding APM terminal. “The competition agency, by request of the government of Georgia, has restricted operation of APM Terminal, our …

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Young Winemaker to Revive Forgotten Georgian Grape Species

Young Winemaker to Revive Forgotten Georgian Grape Species

Shota Lagazidze is a 26-year-old winemaker from Tusheti, a mountainous region of Georgia. Having begun as an ordinary employee at a tourism management company, he then moved to winemaking together with one of his friends, eventually setting up his own brand called ‘Lagazi’. He now owns 1,2 acres of land …

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Stori Marani Represented Georgia at “Top Wine China” in Beijing

Stori Marani Represented Georgia at "Top Wine China" in Beijing

Georgian winemaker Stori Marani, known as one of the best in qvevri wine making,  was represented in exhibition Top Wine China 2016 on June 15 – 17 in Beijing, China. The exhibition entry was available mainly for professionals, wine buyers, importers and retail sellers. [Stori Marani was the only company from Georgia …

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Georgia is No. 1 Among the Deadliest Air Polluted Countries

Georgia is No. 1 Among the Deadliest Air Polluted Countries

Every year, air pollution kills about 6.5 million people worldwide — linked to everything from lung cancer to heart disease to strokes. It’s an honest-to-goodness public health crisis. So the International Energy Agency just put out a huge report on how pollution got so bad and what we might do …

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English Will Not Be An official EU Language After Brexit, Says Senior MEP

Danuta Hübner, the head of the European Parliament’s Constitutional Affairs Committee (AFCO), warned Monday that English will not be one of the European Union’s official languages after Britain leaves the EU. English is one of the EU’s 24 official languages because the U.K. identified it as its own official language, Hübner said. But …

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NBG: GEL Was Strengthened More than the Fundamental Factors Conditioned

NBG: GEL Was Strengthened More than the Fundamental Factors Conditioned

Vice-President of National Bank of Georgia estimates the recent drop of GEL rate. Archil Mestvirishvili explains, that commenting on instant change of GEL rate is not correct in order to avoid creation of expectations at the market. Manager of NBG names the reasons, which caused fluctuation of GEL rate. “Due to …

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How to Save More When Using A Credit Card

Exclusively for Caucasus Business week, pieces of advice from TBC Bank’s regional director Levan Diasamidze. What is a credit card and how is it different from a debit plastic card? A plastic card is an inseparable part of modern banking system. It enables us to make payments for products or …

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