Daily Archives: September 5, 2017

EBRD Implemented Projects of More than $3 billion in Georgia


After the meeting with the President of European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti, first vice president of Georgia said that EBRD is an exemplary institution, which is outstanding innovator in the country. Among such projects, vice president names issuance of GEL denominated securities. Also project of the …

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Ajara Budget Plan Fulfilled by 54.2% Surplus

Ajara Autonomous Republic has fulfilled the budget plan by 54.2% surplus, while the consolidated budget plan was fulfilled by 40.6% surplus. According to information of Ministry of Finance and Economy of Ajara, the January-August budget plan was 119.467 GEL, but the real fulfillment constituted 184.271mln GEL ( 154.2%). According to …

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EBRD Expects Georgian Economic Growth Pace to Increase in Coming Years

“Access to finances is very important for businessmen in such countries as Georgia”, the EBRD President Suma Chakrabarti told Business Course. Business companies need a simple access to finances to become competitive and penetrate EU market. “EU4Business-EBRD Credit Line provides this opportunity to business companies so as they have an …

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International Tourism Experts Arrive in Georgia as part of AIEST Conference

Courtyard Marriott Tbilisi is hosting the 67th conference of AIEST, the most influential international association of tourism scientific and practitioner experts. The association holds conference in various countries on annual basis. This year Georgia hosts delegates from 40 countries. Prior to the conference inauguration, on September 3, a joint workshop …

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Georgian Physicist Granted the most Prestigious Science Award in Germany

Georgian Physicist Gia Dvali is the laureate of the most prestigious award in Germany. Dvali received Humboldt first prize together with seven scientists. 3.5 million euros will be used for scientific research and continuation of the experiment with which he must confirm the existence of the parallel universe. The launch …

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Major Greek Holding Mouzenidis Group Plans to Expand Business in Georgia

Major Greek Holding Mouzenidis Group, which operates mainly in tourism, logistics and shipping fields, plans to d business in Georgia, the holding president and ELLINAIR airline owner Boris Mouzenidis noted at the meeting with Georgian Prime Minister Giorgi Kvirikashvili. The businessman is mainly interested in internal tourism development and creating …

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Construction of a New City in Tabakhmela to Start in October

Green Valley International Real Estate Group, one of the largest real estate companies in the United Arab Emirates, will start construction of “green city” in Tabakhmela from the beginning of October. Green Valley City project will cover 88 thousand square meters, 35% of the area will be covered by green …

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