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Daily Archives: December 2, 2016

Koba Gvenetdze Makes a Comment on Sharp Devaluation of GEL

Koba Gvenetdze Makes a Comment on Sharp Devaluation of GEL

President of National Bank of Georgia links GEL devaluation to the agotage created by the expectations on the market. Koba Gvenetadze does not name concrete factors, what provoked the negative expectations. He declares that many factors are component of expectations and their separation is hard. “USD rate has been increased …

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Order of Air Taxi is Already Possible

Order of Air Taxi is Already Possible

“Adjara Group” starts service by Air Taxi. The company has already obtained license and starts tourist flights actively early from 2017. The first stage includes Kazbegi, where the company has popular hotel “Rooms Kazbegi”. “Adjara Group” plans to open airdrome there as well. Flights will be ful filled within the …

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Israel’s Leading Architectural Firm Has Entered The Georgian Market

Israel’s leading architectural firm opened its representation center in Georgia. It will work as a member of the Israel-Georgia Chamber of Business. MYS Architects is the author of the most iconic projects in Israel, many of which have become synonymous with excellence and innovation. Company’s representatives say that they have …

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TBC to Start a New Project with Young Artists

TBC presented a new project “12” designed with contemporary art. In the frame of the project, 12 designers of TBC new visa pay sticker were created, where different paintings by young artists are displayed.  These paintings were exhibited in “Fabrika” along with other works of artists. 12 artists are involved …

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EU market to Open for Georgian Honey

  EU completed all the formal procedures and now Georgia is the third country in the lists from where honey will be exported to EU. As the Minister of Agriculture Levan Davitashvili announced, the ministry of agriculture implemented important activities to help the development of beekeeping and promoted the export …

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Georgian Lari Among the Best New Global Banknotes

Georgian Lari Among the Best New Global Banknotes

Georgian lari  has won Oscar of Paper Currency fordesign of monetary banknotes. “On the front is Queen Tamar, who ruled the country from 1184 to 1213, a period known as the “Georgian Golden Age.” The note has a holographic stripe and a magenta-to-green security thread”- writes Bloomberg. The International Bank …

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Frequently Asked Questions Regarding The Program On Larization Of Loans

Frequently Asked Questions Regarding The Program On Larization Of Loans

Q&A for the program of conversion of loans to individuals in US dollar under real estate collateral before January 1, 2015 into lari loans. What does the program of FX bank loan conversion to lari mean?  The program includes a voluntary conversion of US dollar-denominated bank loans of individuals colalteralized …

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