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Daily Archives: July 8, 2016

Investor to Build Tea-Processing Plant in Ozurgeti

Investor to Build Tea-Processing Plant in Ozurgeti

The Government will lease a 79 980 square meter agricultural land plot in the village of Laituri, the Ozurgeti District, to Luka 2010 company as part of the Tea Plantations Rehabilitation State Program. The Agriculture Projects Management Agency will co-finance 7% of rehabilitation works, as part of the program. The …

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Liberty Bank to pay Utility Payments to Orphanages

Liberty Bank to pay Utility Payments to Orphanages

Liberty Bank has announced about the next social activity. Liberty Bank took patronage of small orphanages. As of the memorandum, Liberty Bank will pay utility payments to over 50 small orphanages from July 1 to December 31. It should be noted, that 325 children leave in small family-type orphanages. The orphanages are …

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NATO Offered Georgian Wine to Summit Participants

NATO Offered Georgian Wine to Summit Participants

NATO offered Georgian wine to the participants of Warsaw Summit 2016. According to Ministry of Foreign Affairs, the wine has been bottled especially for Warsaw Summit. Minister of Foreign Affairs of Warsaw will offer Georgian wine to his colleges within the frame of the summit. Foreign ministers of alliance countries, …

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Fitch Names Impacting factors on Georgian Economy

Fitch Names Impacting factors on Georgian Economy

Fitch Rating will submit assessment of Georgian economy on September 30. Georgia’s outlook by Fitch has become known to GBC. According to  Richard Grieveson, Director of Eastern Europe Sovereigns at Fitch Ratings, pressure over the foreign exchange reserves is among the negative factors impacting the rating. Grieveson explains that internal and regional political climate has …

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