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Monthly Archives: January 2018

Georgian Manuscripts Featured in UNESCO Memory of World Register

UNESCO Georgia

The Georgian manuscript, preserved in the National Archives of Georgia, was inscribed to the UNESCO Memory of the World Register for the third time in late 2017. he originals and photo copies of the very manuscripts and historical documents that were inscribed to the international register since 2013 will be …

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The Oldest Couple in Georgia

95-year-old Khasan and 94-year-old Zekhie Turmanidze got married in 1941. The couple lives in Keda municipality and have 162 descendants: 8 children, 37 grandchildren, 86 grandchildren and 31 grand-grand children. The descendants of the Turmanidze family are mainly artists, especially following the singing tradition. They are descended from the famous …

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Georgia’s Electricity Consumption Grows

In November 2017, domestic electricity consumption rose by annual 6.7%, while the January-November growth constituted 8.6%. According to G&T, the November growth was mainly preconditioned by a 6% upturn of consumption of distribution companies and a 31.9% upturn of direct consumption after Georgian Manganese increased electricity consumption by 48.2%. Energo-Pro …

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Chinese HUALING Enters Georgian Insurance Market

Chinese HUALING GROUP has entered insurance market. Hualing Insurance, the company subsidiary, plans to offer property risks insurance and health insurance products. The company has already obtained life and nonlife insurance licenses. Hualing Insurance was established on December 11, 2017. The company director General is David Kakabadze. It should be …

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Georgian Student’s Painting Becomes the Scientist’s Most Popular Photo

The painting performed by Ani Tsitsishvili, a student of Agrarian University, by use of various microbes, has become the most popular photo of the Scientist, the most prestigious research edition. According to Agrarian University of Georgia, the work has been performed on Brain-heart infusion Agar with microbe of Staphylococcus Epidermidis, …

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Georgia to Launch 3 New HPPs in 2018

Three new hydro power plants (HPP) will launch operation in Georgia in 2018: Kasleti HPP 2 will open in November 2018. Its installed generation is 8.1 megawatts. Presumable annual generation is 45.8 million kw/h. The company is being built by Hydrolea company. Kheori HPP will also launch operation in November. …

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Government Sold 97 949 476 GEL State Properties in 2017

Government Sold 97 949 476 GEL State Properties in 2017

In 2017 Government of Georgia received 97 949 476 GEL revenues from sales of state property. According to National State Property Agency, 1897 electronic auctions were announced in 2017 and the highest bid was recorded for the state property in Tsikhisdziri – 13 650 000 GEL. The new owner plans …

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EBRD to Allocate 28 million EUR for Enguri HPP Rehabilitation

EBRD to Allocate 28 million EUR for Enguri HPP Rehabilitation

On January 5 Government of Georgia and European Bank for Reconstruction and Development (EBRD) have signed an agreement for financing Enguri HPP Rehabilitation Project – Sustainable Development for Climate Conditions. The document was signed by Minster of Finance Mamuka Bakhtadze and EBRD regional director in the Caucasus, Moldova and Belarus …

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Commercial Banks Lower Deposits Interest Rate

Commercial Banks Lower Deposits Interest Rate

Key players on the retail deposits market have lowered deposits interest rates. TBC Bank and Bank of Georgia with 75% ratio on the market (4.4+3.7 billion) have reduced the annual interest rate to 9.4%. Liberty Bank (1.03 billion) cut the rate to 9% on Patriot deposit, while annual interest rate …

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Kutaisi AutoMechanical Plant Expands Output

Kutaisi AutoMechanical Plant Expands Output

Kutaisi AutoMechanical Plant has expanded output capacity. The company has bought new machineries and inductive furnace to increase assortment of products. Namely, the plant will produce two new products for stone-crushing workshops and gray cast iron details. The plant employs 185 persons. Kutaisi AutoMechanical Plant has obtained financial support component …

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7.5 million Visitors Arrived in Georgia in 2017

7.5 million Visitors Arrived in Georgia in 2017

7.555 million visitors arrived in Georgia in 2017, up 200 000 visitors as compared to the 2016 indicators, Giorgi Chogovadze, Head of National Tourism Administration, noted. “We have serious growth in the part of revenues and total amount will hot 2.7 billion USD. We expect the next year to attract …

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