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Monthly Archives: April 2018

Georgia-Armenia Border Bridge Designing-Building Works Underway

Friendship Bridge will be constructed between the state borderlines of Georgia and Armenia. The designing works are underway. The building company has been already selected and at this stage, a supervisory company selection procedures are underway. The new bridge will be constructed on the territory of Sadakhlo-Bagratasheni checkpoint, at the …

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Deputy Economy Minister is BGEO Stakeholder

Giorgi Cherkezishvili

Deputy Minister of Economy Giorgi Cherkezishvili is a BGEO Group stakeholder. Cherkezishvili bought shares of Georgia’s biggest banking-investment holding in 2013 and paid 9432 GBP for the stake. The deal turned out successful. As of April 30, 2018, the value of Chekezishvili’s stake has almost doubled and the value of …

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Georgian Wine and Tourism Potential Promotion Project Underway in Sweden

The project initiated by Georgian Embassy for promoting Georgian wine and tourism potential is being continued with close cooperation between Stockholmsmassän exhibition center and LEPL National Wine Agency of Georgia, National Tourism Administration of Georgia. The project started on April 4 and will end on November 11, 2018. Amateur cooks …

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21th Jazz Festival brings Diverse Musical Spectrum to Tbilisi

Tbilisi Jazz Festival has once again being a roaring success bringing some of the biggest names in jazz. It’s safe to say that festival provided great music in variety of vibes and even locations. Local virtuoso artists – Sandro Bibich Trio opened the festival at Event Hall. Young musicians added …

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NDI: 31% of Respondents Have Never Used Internet

According to the research conducted by National-Democratic Institute (NDI), more than 51% of inquired citizens use Internet every day, while 31% of the respondents have never used it. 2% have never heard about the Internet. 9% of the respondents use the Internet at least once a week, 2% – once …

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My Georgian Reality by TAMOONZ – Daily Inspired Illustrations

”My Georgian Reality” is illustrations series by an artist TAMOONZ about daily situations that people come across. Exhibition was held at Fabrikaffiti on December 1, it’s still ongoing and any interested person can visit. As for artist, she’s considering presenting them in other spaces too. TAMOONZ: I was inspired by reality …

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Economic Growth in 1Q18 Marked 5.2%

GDP growth pace in March 2018 constituted 5.6% year on year, while the 1Q18 real averaged growth made up 5.2%, according to a preliminary report. According to Geostat, national statistics service of Georgia, in March 2817 a significant growth was recorded in social, personal and communal services, processing industry, transport …

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Gayle Allard: Rigid Labor Markets Reduce Productivity

Gayle Allard

Despite strong growth over the last years, a number of factors will inhibit growth over the next years, according to Professor Gayle Allard, Professor of Economics at IE Business School. Data show that economies with greater inequality grow slower than those with less inequality. This runs counter to theses which …

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WeScan Georgia Creates New Dimension of Reality into Digital World

WeScan Georgia presented by the Advertisement Agency Sarke has offered a new dimension of reality through 3D photorealistic scanning that serves to transform the reality around us into the digital world. The method marks not only the main points and object outline but color and structure of the material. Sarke …

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