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Daily Archives: August 2, 2017

National Bank: Impact of External Shocks Decline

National Bank: Impact of External Shocks Decline

National Bank of Georgia (NBG) has released a statement promulgating tat negative risks factors have declined in relation to Georgia. According to NBG, Georgian economy continues to recover from the external shock, both due to improvements in the domestic and external environment. In particular, the exports of goods and services, …

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Tbilisi Returns Part of Dighomi Woodland Park

Tbilisi Returns Part of Dighomi Woodland Park

Tbilisi has regained additional 1.5 hectare land plot from the sold woodland park in Dighomi in the form of a recreation space. In whole, the capital city has returned 2.5 hectares from the sold park. “As a result of long-term negotiations and in compliance with my pre-election promise, we have …

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Badagoni Wins Grand Gold Medal in Italy

First time in Georgian wine history,Badagoni wine- Saperavi Reserve gained the supreme award Grand Gold at the cometiotion called “Mondial des Vins Extrêmes Cervim” in Italy. This is unprecedented occasion for Georgian wine, they say at the company. Competition is held by support O.I.V. (International Organisation of Vine and Wine). …

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Anaklia Development Consortium Signs Agreement with US-based SSA Marine

In a coinciding visit to Tbilisi, United States Vice President Mike Pence highlights the US-Georgia collaboration at the heart of the port project. Anaklia Development Consortium (ADC) today signed an agreement appointing SSA Marine as terminal operator for the Anaklia Deep Water Black Sea Port’s container terminal, which will establish …

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EU Bank Signs First Direct Loan To a Company in Georgia

The European Investment Bank (EIB) has directly financed a company in Georgia for the first time. The EU bank will provide a EUR 21.47m long-term loan to Tbilisi’s water utility – Georgian Water and Power (GWP) – to support its water and wastewater infrastructure development programme. EIB Vice-President Vazil Hudák …

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Expected Effects of Regulations on Natural Juices and Strong Drinks

Government of Georgia is working on introducing regulations on natural juices and strong drinks. According to Minister of Agriculture Levan Davitashvili, business sector has proposed to regulate the natural juices market and the issue is being arranged by the Ministry. As to regulations for strong drinks, previously Gin and Whiskey …

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Vinoge Reveales Top 5 Georgian Wines of July 2017

Wine club Vinoge named top 5 Georgian Wines for July, 2017. Focusing on amber wines. Kisi traditional, Lukasi, 2015 Cellar Lukasi ripened Kisi on chacha, following Kakhetian traditional rule, picked in Argokhi. The wine spent a year in the oak. It’s an amber wine, with very effective first sweet flavor, …

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Living in the Highest Inhabited Settlement of Europe

Living in the highest inhabited settlement of Europe

With the altitude of 2200 meters Ushguli is referred as the highest inhabited village in Europe. It is located at the feet of Shkhara, one of the highest Caucasian summits. Unlike many other villages high in the mountains it is still inhabited. Up to 70 families live in the area. …

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