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Daily Archives: September 19, 2016

National Bank of Georgia has Set a New Exchange Rate

National Bank of Georgia has Set a New Exchange Rate

GEL has dropped against USD, while strengthened against EUR. National Bank of Georgia has set a new exchange rate by September 20, according to which price of 1 USD will become 2,3167  GEL, 1 EUR /2.5866 GEL. Starting with September 19, the GEL has devaluated by 0.0056  point  against USD, …

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Lasha Papashvili: Middle-Segment Hotels are More Perspective in Georgia

Lasha Papashvili: Middle-Segment Hotels are More Perspective in Georgia

Middle-segment hotels are more perspective in Georgia. Lasha Papashvili, founder of company Redix, has reviewed the market with TV-company Maestro (Business Contact). He noted, that middle segment does not mean cheap, but it deferens from luxury sector. He gradually expects demand decline on luxury. He noted, that there are several premium …

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Georgia Misses List of World’s Best Universities

Education level is one of the main indicators for success and development of a country. Education sector plays one of the most decisive roles in economic advancement. Unemployment problem is the major challenge in Georgian reality. When analyzing unemployment reasons, specialists frequently conclude that the education quality and lack of …

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Societe Generale Offered Position for Georgian Banker Ramaz Kukuladze

Ramaz Kukuladze, general director of “Bank Republic” remains in the French group. The Top Manager took offer from Societe Generale, it is unprecedented case in the history of the banking group, which is represented in 5 continents. The banker manages “Bank Republic” from 2011 and the strategic goal of the …

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Hotel Museum is Opens in Tbilisi

Another hotel museum is opened in Tbilisi. The museum is located in Atoneli str, former Place of Maiko Orbeliani. The hotel includes 46 rooms and 3 cafeterias. Official opening of the new hotel was attended by Vice-Premier on Monday. He has noted that more than 1200 hotels  represented in Georgia today …

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Production Price Index Declined by 3.4% in August

tb market

In August the production price index decreased by 3.4%, but increased by 0.04% compared to July 2016. According to Geostat, the national statistics service of Georgia, in August 2016, compared to July 2015, prices in the processing industry sector increased by 0.2% and the sector’s ratio in total index made …

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Season of Promotional Offers Opens at King David

Mortgage loans, one-year interest-free internal credit, and special discounts on second and third-category properties – the King David multifunctional complex is commencing a period of active sales with new, flexible and competitive offers. Property Georgia spoke to the Head of King David’s marketing department, Nini Mariamidze, and Sales and Marketing Manager, …

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One Meeting That Changed Life and Contributed to Professional Growth

Anano Korkia

Caucasus Business Week offers you an interview with Anano Korkia, head of PR and Marketing Department at PASHA Bank Georgia, where she talks about her work experience, successful projects and a meeting that has made important changes to her professional career. What is your profession? I graduated from Georgian Diplomatic …

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Dimitri Kumsishvili: Our Sales will Increase 5-6 times in China

After enactment of free trade regime between, Georgia expects wines exports to China to significantly increase. Georgian wine sales will increase 5-6 times thanks to free trade regime, Minister of Economy of Georgia Dimitri Kumsishvili noted. “In 2015 we sold more than 8 million USD wines. This year in January-August …

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Memphis Zoo Staff Help Rebuild flood-damaged Tbilisi Zoo

Two Memphis Zoo officials are half a world away helping salvage a zoo ravaged by floods last summer. Animal curator Farshid Mehrdadfar and director of research and conservation Kimberly Terrell traveled to Tbilisi, Georgia, on Sept. 12 to work with Tbilisi Zoo officials to rebuild the facility after a flood …

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