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Daily Archives: June 11, 2018

Foreign Direct Investments are Down by 32.9 Percent

Foreign direct investments (FDI) in Georgia amounted to USD 279.3 million in Q1 2018 (preliminary data) down 32.9 percent from the preliminary data of Q1 2017. The main reasons for decreasing the FDI are transferring of ownership in some companies from non-resident to a resident units and reduction of debt …

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Black Lion Hub to Open at Ramada Encore Tbilisi

The first Georgian craft beer brand ”Black Lion” will enter to international brand hotel ”Ramada Encore Tbilisi”. Guests will be able to exclusively taste four of the subcategories premium craft beer, as well as bottled beer of ”Black Lion”. Several days before the official opening, beer tasting was arranged for …

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Swiss Investments in Georgia Rise 7.5 Times

According to preliminary indicators, foreign direct investments in Georgia from Switzerland made up 22.3 million USD in 2017. According to Geostat, the figure has increased 7.5 times compared to 2016, when 2.9 million USD FDI was invested from Switzerland. As to top investment fields, in 2017 Swiss FDI inflows to …

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EU Project Discusses River Basin Management in Georgia

The development of a river basin management plan (RBMP) in the Alazani River Basin was the focus of a workshop held in the Georgian capital of Tbilisi on 5 June. Organised by the International Office for Water within the framework of the EU-funded “European Union Water Initiative Plus for the …

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Will the Tbilisi Mayor’s Decision End the Khrushchovka Era?

Tbilisi Mayor Kakha Kaladze has announced plans to replace so-called “Khrushchovka” residential buildings. Kaladze made a statement during a government meeting several days ago. The current plan calls for the full replacement of failing buildings in Quarters 6 and 8 of Verketili Third Massif, as well as moving residents from …

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Number of Lingwing Users Exceed 60 000

Lingwing

Number of LingWing users has exceeded 60 000 ones. Vato Veliashvili, founder of online education platform of foreign languages, supposes that number of users will extremely rise from the second half of 2018. “In late June we will introduce a new system for invitation of users. We will also activate …

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