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Daily Archives: November 21, 2016

Every Fifth Child Lives Under Poverty in Georgia UNICEF Says

unicef

Every fifth child lives under poverty and every sixth child lives under subsistence minimum; despite the increase in families’ consumption, people’s income has not changed; poor children still have less chances to attend education institutions than their peers living in richer families – these are some of the findings of …

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SOCAR Talks Implementation of AGRI Project

The Azerbaijan-Georgia-Romania Interconnector (AGRI) project is not dead, but its implementation needs time, Suleyman Gasimov, vice-president for economic issues at Azerbaijan’s state oil company SOCAR, said, Romanian media reported. Gasimov said that the project requires big investments. “It is necessary to build a terminal in Georgia, and then another one …

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Georgian Wine to Win Silver and Bronze Medals in Poland

14th International exhibition-selling “EnoExpo 2016” took place in Krakow, Poland and 13 Georgian wine making companies were part of it with the support of Wine National Agency. Following wine companies participated in the exhibition: “Vaziani”, “Vinery Khareba”, “Askanian Brothers”, “Telavi Wine Marani”, “Wineman”, “Corporation Georgian Wine”, “Shilda”, “Dugladze Wine Company”, …

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GEL vs Government

GEL currency Georgian Lari

Economic Team Cannot Be Recognized Successful amid Averaged 3.33% Economic Growth for 4 Years. Last week Government of Georgia released a special statement regarding the GEL exchange rate. The statement names GEL depreciation reasons and unveils plans for introducing a GEL strengthening action plan. According to the government’s statement, the …

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Russian and Georgian Wrestlers Disqualified in 2016 European Cup of Nations

Russian and Georgian Wrestlers Disqualified in 2016 European Cup of Nations

Russian and Georgian wrestlers broke into a fist-fight at the 2016 European Cup of Nations, resulting in the disqualification of both wrestlers. Imil Sharafetdinov, a Russian wrestler, and Zurab Datunashvili, a Georgia wrestler, competed in an emotional match which escalated into an altercation. The coaches of the Georgian and Russian …

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Lumos- Decorative Wooden Lamps with Magical Name

“Lumos”-handmade and decorative wooden lamps were idea of two friends Beka Tabatadze and Nino Lekveishvili.  Lumos means creating a light in a magic way from “Harry Potter”. Beka and Nino are 22 years old and they started business together, however they are going to expand their business soon. Beka Tabatadze …

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Georgia Wins the 2016 Junior Eurovision Song Contest

Mariam Mamadashvili, a Georgian contestant at the 2016 Junior Eurovision Song Contest, won the competition with her song “Mzeo”, meaning “Sun”. Mamadashvili created Georgia’s third breakthrough as the winner at the Junior Eurovision. In 2008, the Georgian group called “Bzikebi”, meaning “Wasps”, won first place in the Junior Eurovision. Followingly, …

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Strawberry Greenhouse Complex Opens in Nojikhevi

Strawberries

MagniCo fellowship has arranged a strawberry greenhouse complex in village of Nojiskhevi, Khobi Municipality, as part of State Project for Promotion of Small and Micro Entrepreneurship. The project was implemented by active involvement of Khobi information-consulting service of Ministry of Agriculture of Georgia. According to Khobi municipality board, the fellowship …

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Georgian Lari Depreciates Against U.S Dollar

The Georgian lari depreciated against the U.S dollar. Starting on November 20, 1 USD costs 2.4889 GEL. This exchange rate was set by The National Bank of Georgia. Previously, 1 USD cost 2.4861 GEL. Although the lari depreciated against the U.S dollar by 0.0028 GEL, The National Bank of Georgia …

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IberMeat to Launch Mutton Exports to Iran

IberMeat to Launch Mutton Exports to Iran

IberMeat meat products manufacturing company will launch mutton exports to Iran in a week. The company technical director Irakli Adeishvili told the Commersant radio station that at this stage the company exports a small volume of meat to Kuwait, while exports to Iran will start next week. The customer has …

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