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Monthly Archives: January 2018

Number of Visitors of the Protected Areas has Increased by 30%

In 2017, tourists visited the protected areas from 97 countries of the world, with the largest number of visitors from Germany, Poland, Israel, Ukraine and Russia. According to the Ministry of Environment and Agriculture, the number of visitors increased by 203% from the United Arab Emirates, 64% from India, 63% …

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Wizz Air Plans to Expand in Georgia in 2018

The airline Wizz Air plans to expand in Georgia by 2018. According to the company, in 2017, Wizz Air served more than 310,000 passengers in Georgia, which is 102% higher compared to 2016. The company said that their activities contributed to stimulating the local labor market in the field of …

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US Travel Recommendations Include Georgia in a Group of Safe Countries

The US State Department published new recommendations for American travelers. Georgia is in the first group of the most secure countries.  The countries where the safety of standard security is sufficient applied in the first group. The US State Department calls its citizens not to travel to the occupied South …

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Georgia Earned 2,7 Billion USD from Tourism

Last year Georgia received revenues of 2.7 billion USD from tourism. In December, income reached 186 million dollars, it is an increase of 33 million dollars over the same period last year. During the year, Georgia received the most income from tourism in August, that reached 395 million USD. Compared …

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VTB Bank Improves Market Positions

VTB Bank Improves Market Positions

In January-November 2017, VTB Bank ranks fourth in terms of assets, with a 4.5% ratio. The bank is fourth in terms of deposits, with a 4.8% ratio, while the crediting portfolio makes the bank fifth on the market with a 4.5% ratio. VTB Bank’s profits have increased by 5.6 year …

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Georgia’s External Debts Exceed 5.1 billion USD

Financial Pyramid In Georgia Grows Unprecedented Internal Debts

As of December 31, 2017 Georgia’s foreign debts constituted 5.177 billion USD. According to Ministry of Finance, foreign debts of the Government marked 5 091 942 USD, while 3 765 041 is owed to multilateral creditors. World Bank is a major creditor. 5 091 942 13 199 331 3 765 …

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CNN: Tbilisi is the Best Destination to Explore in 2018

CNN names 7 most interesting cities to travel in 2018. Tbilisi is among the list. Edition reports that Tbilisi became a hub of fashion and art during last years. CNN notes, that Tbilisi’s newly elected Mayor, former football player Kakha Kaladze’s priorities for the next year will be the development …

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Passenger Flow Increased by 49% at Kutaisi Airport

Passenger flow increases at Kutaisi Airport. The airport served 405 173 passengers in 2017, and 271 363 passengers in 2016. Accordingly, in 2017, the flow at the international airport of Kutaisi has increased by 49.31% compared to 2016 and 121%  comparing 2015. The number of flights from the airport is …

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