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Daily Archives: November 15, 2017

Georgian Insurance Group Introduces Financial Obligations Insurance Product

Georgian Insurance Group Introduces Financial Obligations Insurance Product

Georgian Insurance Group (GIG) has introduced financial liabilities insurance product that ensures Insured Trading on international currency market. As part of the new product, GIG is an exclusive insurer of Tbilisi Traders’ Club (HDForex). Consequently, starting November 1, 2017 HDForex clients are able to perform insured current deals without additional …

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Baku Hosts General Meeting of Trans-Caspian International Transport Route

Baku Hosts General Meeting of Trans-Caspian International Transport Route

Regular session of the General Meeting of the members of International Association “Trans-Caspian International Transport Route” was held in Baku. November 15, 2017, Baku, Azerbaijan, the General Meeting of the members of International Association” Trans-Caspian International Transport Route” (TITR) was held. During the today’s General Meeting, the preliminary results of …

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Legendary David Lynch to Visit Georgia

Famous American Film Director, Script Writer, Musician and Producer David Lynch visits Georgia on November 18. His four-days visit is in the framework of David Lynch Foundation Caucasus establishment. Along with David Lynch, Bob Roth-Executive Director of David Lynch Foundation will pay a visit. David Lynch Foundation  founded in the US in …

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Hennessy X.O Unique Odyssey Along the Legendary Silk Road

Hennessy X.O unique odyssey along the legendary Silk Road

The Silk Road Odyssey by Hennessy X.O exhibition opening took place on 14th of November in Tbilisi, Zurab Tsereteli Museum of Modern Art and will last for one week. Guests will be introduced to history of Hennessy Maison and Silk Road project exposition. For centuries, Silk Road has been the …

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Record number of Georgian wine companies take part in ProWine China

A record 33 Georgian wine companies are participating in ProWine China in Shanghai – that’s 3 companies more than last year. One of largest wine fairs in China is open on 14-16 November in Shanghai’s SNIEC exhibition centre. The full list of Georgian companies represented at ProWine China follows below. …

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Construction of Business House to Start in 10 Days

Construction of Business House in Tbilisi is being started. Company NCC will begin building of construction of energy efficient Business House in 10 days and the company should receive 10.087 million GEL for that purpose. Total construction term of the building, arranged with reinforced concrete, amounts to 7 months. Additional …

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Demand for Georgian Products Grow on International Markets, Exports up 29.4%

Demand for Georgian Products Grow on International Markets, Exports up 29.4%

Georgia’s foreign trade turnover in January-October 2017 marked 8.566bln USD, up 12.7% year on year. According to Geostat, national statistics service of Georgia, exports in trade turnover made up 2.203bln USD, up 29.4% year on year, as compared to January-October 2007. Imports totaled 6.363bln USD, up 7.8%. Negative trade balance …

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Geostat Publishes 2016 GDP Growth Final Indicators

Geostat Publishes 2016 GDP Growth Final Indicators

The 2016 GDP in current prices constituted 34.028bln GEL, up 7.2% year on year. According to the final report of Geostat, national statistics office of Georgia, the real growth made up 2.8% year on year, while the deflator’s percentage changed by 4.2%. In the sectoral structure of GDP the trading …

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