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Daily Archives: November 16, 2016

White House: SGC Provides new hope for Stability

White House: SGC Provides new hope for Stability

The Southern Gas Corridor provides new hope and opportunity for stability and prosperity, said the statement released on the website of the White House Nov.15. “As Greece moves forward on the path to economic recovery, the United States will advocate policies to promote and foster economic growth and further opportunities …

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Tbilisi City Hall to Cut Administrative Costs by 16 million GEL in 2017

Tbilisi City Hall to Cut Administrative Costs by 16 million GEL in 2017

The 2017 budget initial bill will be forwarded to Tbilisi Council within legal terms, Tbilisi City Hall statement reads. The 2017 budget gives priority to municipal transport development, road infrastructure, greening works and education, the statement reads. Under the budget bill, more than 62 million GEL will be spent on …

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Number of International Visitors to Exceed 6 million in 2016

This year number of international visitors will exceed 6 million persons, for the first time, and revenues from tourism sector will hit 2 billion USD, Giorgi Chogovadze, head of national tourism agency, told BusinessContract. Active campaign is underway for winter tourism season, namely, television marketing campaigns proceed in 4 countries. …

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Uncorking the Caucasus: Wines from Turkey, Armenia, and Georgia

In May 2015 – after four years of deliberating and planning together – Charine Tan and Dr Matthew Horkey sold almost all of their possessions, dropped the comfort and security of their lucrative careers, and left Singapore to travel around the world with a dream of building a location-independent business …

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Working with Central Asian Countries Toward Economic Progress

PMCG has launched a USAID-funded project – Competitive Trade and Jobs (CTJ) Activity in Central Asia – in association with DAI International, aiming to increase the competitiveness of the economies of the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan. The collaborative project is focused on facilitating trade by improving border management …

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Georgia’s Constructions Face Assessment Problems

Georgia faces a serious problem regarding construction: the quality of buildings cannot be assessed and examined before the completion of the constructions. Although this issue prevails in Georgia, the unfinished construction sites manage to interest many investors and buyers. Through this growing interest, construction companies begin receiving their planned income. …

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Underground and Overground Parking Lots to be Located on 5-8 Places

Underground and Overground Parking Lots will be decreased to 5-8 locations. As Vice Mayor of Tbilisi, Irakli Lekvinadze declared, working with rented consultation company have not been finished yet, however the project will be implemented next year and will be completed in a year. Lekvinadze noted that private sector is …

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IMF Mission Holds Meetings in Tbilisi

IMF Mission Holds Meetings in Tbilisi

IMF mission, headed by Mercedes Veramartines, launched official meetings in Tbilisi. The mission met Ministers of Economy and Finance on Tuesday. They had discussed Georgian fiscal condition, basic parameters of the budget and talked about the government’s vision on budget deficit. They had focused on budget policy for a mid-term …

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S&P: Azerbaijan’s Economic Growth Positive factor for Georgia

S&P: Azerbaijan's Economic Growth Positive factor for Georgia

Standard & Poor’s (S&P) Global Ratings affirmed its ‘BB-/B’ long- and short-term foreign and local currency sovereign credit ratings on the government of Georgia; the outlook is stable, the S&P said in a message. Georgia’s creditworthiness is supported by the country’s reasonably resilient economic growth and the government’s relatively prudent …

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Lebek Coats Made in Georgia Are Sold in the EU

Sewing business has always been very successful in Georgia during the centuries, however after Soviet Union fell apart, it decreased but now, there are tendencies of growing. Most of production produced in Georgia is exported to many different countries in the world. One of the first sewing companies “Imeri” was …

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