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Daily Archives: July 5, 2017

Limited Editions Prints of The Photographers at Gallery ”Fotografia”

Gallery “Fotografia” will be the first in Georgia to present the limited editions prints of the photographers based in Georgia. The goal of the gallery is to support the photographers and to continue the long tradition of photography, which will be reflected on the development of this sphere.“Fotografia” will present …

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Cost of Tbilisi-Batumi Ticket will be 90 GEL on ServiceAir Flight

Cost of Tbilisi-Batumi Ticket will be 90 GEL on ServiceAir Flight

Company ServiceAir starts to perform Tbilisi-Batumi flights from July 7. Flights will be operated by a 32-seat airbase “Saab” every day except Wednesday. Single flight costs 90 GEL. Tickets are available at the offices of tour company “Vanilla Sky” in Tbilisi and Batumi, on the web-page of the company (from …

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Leading Commercial Banks Raised Interest Rates on Deposits in GEL

Leading commercial banks have raised interest rates on GEL-denominated deposits, but lowered the rate on foreign currency denominated deposits. Currently, yield on GEL-denominated retail deposits accounts for 9.8%; foreign currency denominated retail deposits – 2.9% (01.01.2016: 9%; 3.4%) According to the national bank statistics, for legal bodies, annual interest rate …

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Georgia Moves Forward to Green Development

The Climate Action is in focus of a new initiative kicked off by the Ministry of Environment and Natural Resources Protection of Georgia, United Nations Development Program (UNDP) and the Global Environment Facility (GEF). Minister Gigla Agulashvili and Head of UNDP in Georgia, Niels Scott, signed an agreement about the …

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OPIC Investments in Georgia: A Conversation with Kenneth Angell

Overseas Private Investment Corporation (OPIC) is the U.S. government’s development financing institution. It mobilizes private capital to be able to address development challenges and in doing so we address U.S. government foreign policy and national security objectives. OPIC works in 165 countries around the world. In Georgia, since the mid-1990’s the organization …

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Iran Aseman Airlines to Launch Rasht-Tbilisi Route

Iran Aseman Airlines will launch biweekly flights from Rasht, Gilan Province to the Tbilisi on July 3, according to a statement on the official website of Rasht’s Sardar Jangal International Airport. The route is operated twice a week on Mondays and Thursdays. The service will continue until September 21. Since Tehran and Tbilisi abolished the …

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Wine Export Generated More Than $70m Income For Georgia

 Income from Georgian wine exports increases. According to the National Wine Agency, in the first half of 2017, more than 31,5 million bottles (0,75 l) Georgian wine has been exported to 44 countries. This figure is 59% higher than the same indicator for 2016. During the reporting period, exports amounted …

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Georgia’s Economy Gathers Pace, Grows 4.5 pct in Jan-May

Georgia’s economy expanded 4.5 percent in the first five months of this year, official data showed on Tuesday, up from 2.9 percent in the same period in 2016, after a rise in exports and remittances from abroad. In May alone, growth was 5.3 percent, up from 2.1 percent in May …

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