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Daily Archives: December 26, 2017

Georgia to Spend 16.3 million GEL on Advertising Campaigns about Georgia

In 2018 Georgia will spend about 16.309 million GEL on advertising campaigns about Georgia. According to National Tourism Administration, winter and summer advertising campaigns will be held in the following countries: Persian Gulf countries, Germany, Great Britain, Israel, Ukraine, Italy, Poland, Belarus, Azerbaijan, Kazakhstan, Turkey, Armenia, Baltic countries. Moreover, the …

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New Year Celebrations – Where to Go

Festive spirit is spread in the city and if you are thinking where to spend last day of 2017, CBW listed featuring locations: Restaurant ”Keto and Kote’‘ offers delicious supper, sparkling wine and fireworks. In addition attendees get a chance to win prizes like: travel voucher for 2x person to …

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Challenges Faced by the Real Estate Sector in 2017

property Georgia

De-dollarization has been one of the main challenges for the Georgian real estate market in 2017. Following the devaluation of the Lari in 2016, the government of Georgia and the National Bank of Georgia (NBG) jointly designed a plan of ‘Larization’ of loans. The relevant legislation came into force on …

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Prime Minister Assessed Georgia’s Wine Exports to China

The Prime Minister considers Georgian wine export to China as “incredible dynamics and outcome”. Giorgi Kvirikashvili talked about the development of free trade network during the presentation of the government program in the parliament. He said that diversification process of trade markets is steady and the EU market is already …

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Anaklia Seaport Accessway and Railroad Construction Works Start in Anaklia

Government of Georgia started constructing an accessway to Anaklia seaport and railroad section. Road Department has already announced tender for preparing detailed design documents. Presumable purchase price is 10.998 million GEL. Government of Georgia has assumed an obligation before Anaklia Development Consortium to build accessway to Anaklia Seaport, motorway and …

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Energy Sector in Review

ENERGY, Electricity

The current year was very important for power sector. Like previous years, the current year was full of challenges. Despite Ministry of Energy and Ministry of Economy merged in 2017, the Authorities prioritizes to develop the power sector. Consequently, the current year was special in the power sector in terms …

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How Much Does New Year’s Feast Cost in Georgia?

ISET published the 2017 New Year fiest Index. Index counts ”supra” for 5-6 persons in different regions of Georgia. The cost of the following dishes is analyzed for compiling the index: Mtsvadi, khachapuri, gozinaki, fruit, dessert, spinach with walnuts, cucumber and tomato salad and others. In total, the New Year …

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2018 – Year of Financial Education

lari

In 2018 Government of Georgia expects that the reforms will justify, while business sector and consumers expect their revenues to grow. At the same time, all social groups want that an inflow of investments rise in the country. The banking sector represents a cornerstone for everybody, because both corporate and …

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