Daily Archives: September 28, 2016

Georgia Still Among Worst Countries Worldwide For Air Pollution Death


More than nine out of every 10 people on the planet live in areas where air pollution breaches official safety limits – and millions of people are dying as a result, according to new research by the World Health Organisation (WHO). With 90 deaths per 100,000 people, Georgia occupies the 7th position, immediately …

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Shimon Peres, Nobel Winner And Giant of Israeli Politics, Dies at 93


Leading political figure served twice as prime minister, once as president and won Nobel peace prize. Shimon Peres, one of Israel’s defining political figures and a Nobel peace prize laureate, has died at the age of 93, two weeks after suffering a stroke. Peres had twice served as prime minister of …

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Central Bank Sells USD 40 Million


National Bank of Georgia (NBG) sold USD 40 million at a foreign currency auction on September 27 to support national currency lari (GEL). It was NBG’s second intervention in less than a week and the third one in a month, selling in those two previous occasions USD 20 million each …

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TAP Growing, Adds over 30km of Pipes

First pipe of Trans-Adriatic Pipeline, TAP project part in Albania inaugurated

The construction of the Trans Adriatic Pipeline (TAP), which is aimed at transporting Azerbaijani gas to Europe, is underway. TAP tweeted on Sept.28 that over 30 kilometers of steel pipes have already been strung along TAP’s route in Greece and Albania. TAP project envisages transportation of gas from the Stage …

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Two New Tanks Added at Kulevi Oil Terminal


According to SOCAR, within the visit Abdullayev together with Georgian Ministers for Economy Dmitry Kumsishvili and for Energy Ilya Eloshvili participated in the commissioning of storage tanks #5 and #6 in the Black Sea Terminal (BST Ltd) in Kulevi port. The facilities are designed for petroleum and chemical products. Fifth …

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Hotel Euphoria Opened in Batumi


New five-star hotel ‘Euphoria Batumi” was opened in Batumi. The Prime Minister of Georgia attended the opening ceremony. Giorgi Kvirikashvili, alongside with the guests visited the newly-opened hotel. “The volume of investment is 90 million USD and huge resort complex was constructed. It is also noteworthy that around 1500 people were …

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What is Currency Intervention Volume and Why NBG Doubles it?


The National Bank of Georgia (NBG) has doubled currency intervention volume and sold 40 million USD at currency auctions. The averaged weighed exchange rate made up 2.3264 GEL against USD. Having sold 20 million USD and extracted 46 million GEL from the market (20×2.3177), the NBG has provoked the GEL …

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The Number of Gas Consumers in Georgia Reach Million


Millionth consumer has installed gas at home in Georgia, this special occasion has been celebrated by Georgian PM Giorgi Kvirikashvili, energy minister Ilia Eloshvili, Chairman of Government of Ajara Zurab Pataradze and President of Socar Rovag Abdulaev. Family lives in Ajarian region, village Khutsubani, at this time Socar gas Georgia …

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Goldon Tulip Hotel Opened in Historic Building

Golden Tulip Hotel

Golden Tulip Hotel opened in historic building located in Borjomi, Georgia, international operator Golden Tulip who is a member of Louvre Hotels Group network will manage the hotel. Blue Palace Firuza (name before the hotel) is one of the most important historical buildings in Borjomi. Situated at the entrance of the “Mineral Water …

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Georgia is Advanced by 7 Places in the Global Competitiveness Index

Georgia is Advanced by 7 Places in the Global Competitiveness Index

Georgia improved position by 7 places in the Global Competitiveness Index and ranks as the 59th by 4, 32 points. According to Global Competitiveness Index, Georgia and Azerbaijan has improved the positions most of all in the Eurasian region. “It is expected, that both countries might fix economic growth of more …

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