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Daily Archives: November 24, 2016

The Biggest Tourist Information Center to Open in Kutaisi in 2017

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The biggest tourist information center will be opened in Kutaisi. According to depute of mayor, Paata Kldiashvili, information center will start functioning at the beginning of next year. He declares that tourist information center will be multi-functional-visitors will have an access to not only touristic information but also will be …

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Tsikhisubani Resident Finds Underground Qvevri in His Own Yard

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Revaz Vanadze, resident of Tsikhisubani village, Adigeni District, has found underground Qvevri in his own yard. Representatives of Monuments Protection Agency have visited the place and seen the Qvevri and neighboring areas, where, according to legends, an ancient castle existed previously. Several years ago, spouse of Revaz Vanadze found a …

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Property of Georgia’s Richest Citizen Makes up 34.9% of GDP

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Property of Georgia’s richest person makes up 34.9% of GDP of the country. Freedom radio station has calculated quantity of billionaires in the country. The media agency has also calculated the ratio of property of billionaires in GDP. In this rating Georgia ranks first, because property of the richest person …

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SOCAR Drilling New Well at Oldest Oil field in Caspian Sea

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Azerbaijan’s state oil company SOCAR will additionally produce about 3,650 tons of oil annually, thanks to the commissioning of a new well that is being drilled at the Oil Rocks offshore field, SOCAR said in a message posted on its website Nov. 24. The well’s projected depth is 1,700 meters …

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HeidelbergCement Camed Modernization Timeframe of the Plant in Kaspi

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HeidelbergCement supposedly will open modernized plant in Kaspi by 2018. The company has submitted an environmental impact assessment (EIA) in order to start project of $ 100 million. The report will be discussed on January 17; in the meantime interested entities have opportunity to submit their comments. The company plans …

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Terabank Grows Capital by 10 million GEL

TERA Bank

On November 22 the ahead of schedule meeting of Terabank stakeholders   took decision to increase the bank’s stock capital by 10 372 000 GEL. The stakeholders’ decision on increasing investment volume proves that they have long-term business  plans in Georgia and are interested in deepening business relations with our country. …

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Georgia-EU Association Objectives

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Tbilisi hosted a conference “Georgia-EU Association Objectives” – a joint initiative of the Government of Georgia and Georgian National Platform of the Eastern Partnership Civil Society Forum. The conference echoed the cooperation memoranda between the Government of Georgia and Georgian National Platform of the Eastern Partnership Civil Society Forum signed …

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Batumi Becomes First Georgian City with Transport Model

Bicycle tracks in Batumi Boulevard. Photo: Vladimer Valishvili/UNDP

Batumi residents prefer to walk (31.44%), take public transport (36.02%) or ride a car (30.19%). Only 1.27% takes a taxi, and almost no one (0.28%) bikes. An average Batumian makes 1.24 trips per day, which is less that in the other cities of the world. These are some of the …

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An Average Tourist Spends 1059 GEL in 3 Days in Achara

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Tourist Department of Achara published the research about foreign visitors in Achara in April-June in 2016. According to the data, 909 visitors were interviewed at the border before they left the country. The research revealed that in April-June period most of foreign tourists (45.4%) visited Achara with their friends and …

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Armenia-Georgia Trade Relations: Getting close or Distant?

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PMC Research together with the Konrad-Adenauer-Foundation (KAS), hosted a presentation and public discussion of the research findings “Armenia-Georgia Trade Relations: Getting close or distant?”. Armenia’s decision to join the Eurasian Economic Union (EEU) exempted traders from union member countries from paying value added tax (VAT) and excise tax, thus putting …

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