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Daily Archives: April 17, 2018

Reviving Ancient Jewelry Traditions –Qarisma Atelier

In a modern world, where traditional roots are easy to forget, Georgians are pushing forward a movement to revive ancient jewelling traditions. When you Visit Georgia – one of the most ancient and fascinating countries of the world, you discover stunning landscapes. Fortified mountain villages, ancient churches, unclimbed peaks, wild …

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Loan Interest Rates Declined by about 6% over Past 5 Years

Loan interest rates have declined by about 5% over the past 5 years, TBC Bank director general Vakhtang Butskhrikidze said. Interest rates have declined on each type of loans. I am sure this dynamics will be continued”, Vakhtang Butskhrikidze said. He also commented on the last statement by Finance Minister …

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IMF to Allocate $43.6 million Tranche to Georgia

IMF

The International Monetary Fund said on Monday it would allocate a further $43.6 million loan to Georgia because it had carried out structural reforms to support private sector development, improve fiscal performance and implement infrastructure projects, reuters reported. The credit will be the third tranche under a three-year IMF programme …

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Who will Build Approach Infrastructure to Anaklia Seaport?!

Government Buys Off 355 Private Properties for Anaklia Seaport Project Implementation

Tender deadline for developing a detailed design document for constructing infrastructure to Anaklia Seaport is over. JSC Institute IGH, Society for Civil Construction Research and Development Issues, offers to fulfill the due works for 7.9 million USD, down 2.2 million USD compared to the starting price. If the tender commission …

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3 Georgian Companies take part in Vinitaly Exhibition in Italy

Only two Georgian wine producers  – Vazi+ and Winery Khareba – and a qvevri equipment producer Kvevri.org (Xeloba Qartuli) are taking part in international wine and spirits exhibition Vinitaly  2018 in Verona. In previous years Georgian participation in Vitaly was more significant – for instance, in 2014 in reached 12 wine companies. This year …

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How SOCAR Monopolized the Liquefied Gas Market

Consumer interest in liquefied petroleum gas (LPG) is growing, as prices are rising for condensed natural gas (CNG). At this point, the price of LPG is much lower than that of natural gas. The price of one cubic meter of CNG is 1.55 GEL, while one kilogram of LPG is …

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