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Daily Archives: January 25, 2017

Will “Heat-Not-Burn” E-Cigs Kill Off Vaping?

Will "Heat-Not-Burn" E-Cigs Kill Off Vaping

With a more cigarette-like experience, the next generation of electronic cigarettes could make vaping obsolete. The future of cigarettes may be “smoke free,” as Philip Morris International (NYSE:PM) says, but it is a new platform of electronic cigarettes using heat-not-burn technology that may also kill off vaping as we know …

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Second Phase of Stripping Commercial Banks of Noncore Assets Underway

Koba Gvenetadze: Extra Regulations Might Increase Financial Risks

National Bank of Georgia (NBG) plans to broaden supervisory range. The NBG president has announced the second phase of separating noncore assets from commercial banks in Kutaisi. Details of the second stage will be unveiled soon after the bill will be developed by NBG, Koba Gvenetadze said. Gvenetadze has not specified …

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National Bank Raises Monetary Policy Rate by 25 Base Point to 6.75%


On January 25 Monetary Policy Committee of National Bank of Georgia (NBG) increased refinancing rate by 25 base point to 6.75%. The decision is based on macroeconomic forecasts, under which in 2017 inflation will be mainly above the target indicator. However, in 2018 inflation will decline and will be maintained …

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Georgia Moves Forward in Developing the System of Protected Areas

The Ministry of Environment and Natural Resources Protection of Georgia and United Nations Development Programme (UNDP) completed a 7-year programme to promote the long-term financial sustainability of Georgia’s protected areas. With USD 1 million from the Global Environment Facility (GEF), the programme was implemented by the Agency of Protected Areas …

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Khudoni HPP Investor is Unaware of Kakha Kaladze’s Plans

Currently, project implementation has been suspended, David Mirtskhulava, technical director for Trans Electrica, a Khudoni HPP investor company, noted. “After signature of a final agreement in London, nothing has been done, in reality. The project has been suspended. We have conducted certain exploitation works for 18 months, but then the …

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CLEAN ENERGY GROUP GEORIGA to Implement Namakhvan HPP Cascade Project

 CLEAN ENERGY GROUP GEORGIA will implement Namakhvan HPP cascade project.  According to the Georgian Energy Development Fund, 3 companies participated in the process which presented proposals. These were: LLC, “General Development”, „POWERCHINA RESOURCES“ LTD and „CLEAN ENERGY GROUP GEORGIA” LLC. After considering all the proposals carefully, the evaluation commission of …

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EU Making Great Efforts for Visa-free Regime with Georgia, Ukraine

The EU is making great efforts to totally remove the visa regime with Georgia and Ukraine, European Commissioner for Neighborhood Policy and Enlargement Negotiations Johannes Hahn said during PACE winter session. He said Georgia should meet more than 40 and Ukraine more than 150 economic and political conditions of the …

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Rome to Host Georgia-Italy Business Forum in Spring

Georgia-Italy business forum will be held in Rome in Spring. Italian ambassador to Georgia Enrico Bartoli told the Business Contract that Georgian Prime Minister Giorgi Kvirikashvili will attend the Forum, as well as major trade agencies of Italy and representatives of Italian business companies. “Italy ranks second in Europe in …

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