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Daily Archives: November 8, 2017

Pension Capital is One of the Key Sources for Developing Securities Market

Pension capital is one of the key sources for the securities market development, Giorgi Bachiashvili, head of Co-investment Fund and Member of Stock Exchange Supervisory Board, told reporters. Pensions system reformation will stimulate the capital market development in the country, however, pension funds should be diversified to ensure protection of …

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Georgian Startupers Launched IT Company in Ukraine

Georgian startupers opened an IT company in Ukraine, mainly working in direction of Fintech, which provides financial services technologically. Fintech is a big market that develops rapidly. The company aims to become a good intermediary between consumers and brands and assist traditional financial institutions in the development and use of …

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Fundamental Indicators are Optimistic in Georgia Banking Sector

According to the general director of TBC Bank, the recent devaluation of  Georgian Lari is a short-term breakdown. Vakhtang Butskhrikidze says that fundamental indicators are quite optimistic in the economy and the high dollar is the main challenge of the banking sector. “The banking sector is the most successful of …

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NASA to Explore Caucasus Terrain Degradation Process

The Research Center of Ministry of Agriculture of Georgia has won NASA-announced grant competition. The Georgian research center will implement a joint project with NASA to examine the Caucasus terrain degradation level, based on an analysis of satellite photo materials. The research center will apply NASA-owned Landsat and ESA-owned (European …

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Management Weakness Elimination of the Georgian Transport Industry

In order to highlight Georgian transport industry challenges and make them more tangible, lets draw a parallel to the organization of musical art, in order to see more easier, ways of elimination of management weaknesses. To illustrate nature of problem, let’s see the following example: The concert hall aims to …

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Georgian Platform Budget Monitor Wins World Summit Awards

Georgian platform “Budget Monitor”of State Audit office is among winners of World Summit Awards. The World Summit Awards are a unique awards system, selecting and promoting local digital innovation with high impact on improving society. WSA is an international platform for cut edge examples on how ICTs can have an …

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GIFT Festival Hosts Contemporary Circus Group from Finland

Lähtö is the latest production of visual theatre company WHS. Directed by magician and visual artist Kalle Nio, the performance brings to the stage a couple that has drifted apart from each other and is now floating in the middle of dreamlike imagery and illusions. Inspired by the work of …

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Petroleum Products Imports Increased in Georgia

In October, petrol and diesel fuel imports in Georgia amounted to 97.1 thousand tons, which is 12,4 thousand tons less than the September index and 18,5 thousand tons compared to the last month of October. According to the Union of Petroleum Exporters, the largest volume of petrol and diesel fuel …

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