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Daily Archives: June 12, 2017

Monetary Fund Names 3 Key Challenges For Georgia

International Monetary Fund (IMF) has named 3 key challenges for Georgia. Small exports basis is number one problem for Georgia, Tao Zhang, deputy managing director for IMF, said. “Traditional agriculture and the existing industries such as steel factory will not suffice to boost the country’s exports in quickly-changing global economies. …

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15 Health Benefits of Wine, According to Science

15 Health Benefits of Wine, According to Science (+6 Delicious Recipes)

In times of celebration, a wine toast may be just one of the most awaited part by many. Popping open the cork while the velvety oaked aroma fills the air and flowing effervescent liquid comes out from the bottle gives excitement to everyone. The bubbly wine usually used to commemorate …

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Only about 20% of the Visitors are Foreigners in the Mountain Resorts

Only about 20% of the Visitors are Foreigners in the Mountain Resorts

The number of visitors at Georgia’s mountain resorts reached a historical high. According to G & T, Mountain Resorts Development Company (MRDC), the total number of visitors to Georgia’s winter resorts exceeded 400,000 (+37.0% y/y) during the season. Notably, according to MRDC, only about 20% of the visitors were foreign …

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Thomas Melia: Appointment of Special Manager at Georgian Manganese is Expropriation

Organized by Government of Georgia, the 25th anniversary of establishment of diplomatic relations between the USA and Georgia was held in Washington. At the event the participants discussed investment relations. Irakli Matkava, Deputy Minister of Infrastructure of Georgia, was questioned about inappropriate attitude towards major companies in Georgia. Thomas Melia, …

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Georgian Online Wine Catalogue Launches

winery

New innovative product of association “Georgian wine”- www.geowinery.com is an online catalogue of Georgian Wines and alcoholic beverages produced in Georgia, which will be launched in June 2017. The primary purpose of the catalogue is to provide customers with detailed information on wine descriptions, grape varieties, producing companies and other …

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Loan Dollarizations Decreased From 65 to 58 Percent

“Commonwealth has positively assessed joint events and projects implemented by the Georgian Government and the national bank of Georgia,” Dimitri Kumsishvili says. According to the Finance Minister, high rates of dollarization are solid challenge for several countries, including Georgia. It has been five month since the beginning of our larization …

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Vinti- Startup Georgia Winner Project for International Transportation

Company Vinti was established to provide simpler and more effective communication for those, involved in international transportation.  In 2016, Iva Kontridze, Davit Chkuaseli, Tengiz Alpenidze and Mindia Chubinidze were granted with 67000 GEL to implement the project. Vinti application offers high technology services to customers and enables them to contact people involved …

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