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Monthly Archives: July 2017

French Museum Raises a Glass To ‘Cradle of Wine-Making’ Georgia

French Museum Raises a Glass To 'Cradle of Wine-Making' Georgia

France’s Cite de Vin museum will toast Georgia’s 9,000-year history as the global birthplace of wine-making in a new exhibition from Monday. The wine history museum in the southwestern city of Bordeaux – dubbed “adult Disneyland” when it opened last year – will showcase 125 objects from the Black Sea …

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Special Exhibition of Modern Artists – Argo Beer Packaging

Argo launched limited series of beer called “Special Exhibition” which is a first stage of re branding. On the packaging, 15 paintings of 11 modern Georgian painters will be decorated on 120,000 bottles at the initial stage and they can be purchased for a month and a half. Within the …

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IMF – Influential International Organization

International Monetary Fund (IMF) is one of the  most important and influential international organizations with 184 member countries, including Georgia. Objective of IMF foundation was to ensure international monetary cooperation, stability of exchange rate and economic growth. Key function of the organization is to provide temporary financial assistance to member …

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Financial Resources Declining in Agriculture Sector

In 2017 State Subsidies Shrank in Agriculture Sector, Wine Subsidization  and FDI inflows also declined. Unlike previous years, in 2017 Government of Georgia reduced subsidizing agriculture sector. Under the 2017 state budget, agriculture sector subsidization has shrunk by about 83 million GEL. Agriculture Development program has been reduced by 75.430 …

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BTK Railway to Be Commissioned in Autumn

The Baku-Tbilisi-Kars railway, a regional rail link project to directly connect Azerbaijan, Georgia and Turkey, will be put into operation in October 2017, Kazakhstan Temir Zholy Railway Company reported. Kazakhstan Railways Head Kanat Alpysbaev was informed about this at negotiations during his working visits to Azerbaijan and Georgia. During his …

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Farmers krom Khulo Exported 4 tons of Georgian Garlic to the EU

According to Resan Chogadze, the Chief Specialist of the Ministry of Agriculture department of Ajara, 4 tons of garlic has exported to Germany by 4 farmers of Khulo- Jemal Artmeladze, Mikheil Choghadze, Aleksandre Ishkhnelidze and Bidzina Shavadze. Farmers sown garlic in Fall, 2015, covering 0.5. It was the first time for …

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Georgia Rolls out NEC’s facial Recognition Technology Across Major Cities

NEC Corporation has announced its advanced surveillance system has been rolled out across major cities in Georgia, including the nation’s capital Tbilisi. The surveillance system uses NEC’s facial recognition software for video called NeoFace Watch, which checks images captured by CCTV cameras in real-time against offender databases and “watch lists” …

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ADB Raises 2017 Growth Forecast for Developing Asia to 5.9%

The Asian Development Bank raises Developing Asia’s 2017 growth forecast to 5.9% from 5.7% in its latest Outlook supplement. Inflation forecast cut to 2.6% from 3%. China 2017 GDP forecast raised to 6.7% from 6.5%; 2018 at 6.4% Inflation cut to 2% from 2.4%; 2018 at 2.6% India 2017 GDP forecast …

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Turkey is Popular Again With British Tourists, Says Thomas Cook

Turkey is Popular Again With British Tourists, Says Thomas Cook

Turkey is back on the tourist map for UK visitors despite growing tensions between its government and Germany. The tour operator Thomas Cook said it was seeing a pick-up in demand for Turkish holidays because they were good value for money. The chief executive, Peter Fankhauser, said Turkey was proving attractive …

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Rehabilitation of Road Access to Tsalka, Dashbash Canyon

New road will be constructed to Tsalka. Kvemo Kartli governor Grigol Nemsadze says to Business course that there will be 1,5 km road. 372 thousand GEL is allocated for rehabilitation. According to the governor, 60% of rehabilitation road access to the canyon has been completed. Grigol Nemsadze says that region has …

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Chinese Development Bank to Fund Basis Bank with 15 mln USD

Chinese Development Bank to Fund Basis Bank with 15 mln USD

Basis Bank announced on attraction of 15 million USD from Chinese Development Bank. The sum will be directed on the funding of small and middle –sized enterprises. This is the second case of cooperation between the parties; Basis Bank has attracted 5 million USD from Chinese Bank in February, 2016. …

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