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Daily Archives: June 13, 2018

Georgia’s Prime Minister Resigns

The Republic of Georgia’s Prime Minister Giorgi Kvirikashvili, resigned  amid a disagreement with leader of the ruling Georgian Dream party. “We’ve had some disagreements with the leader of the ruling party,” Kvirikashvili said in a televised statement. “I think there is a moment now when the leader of the (ruling) …

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ProCredit Bank Losing Positions

ProCredit Bank Losing Positions

ProCredit Bank assets have shrunk by 100 million GEL. The German Bank’s portfolio has declined by 56 million GEL YTD. Deposits have decreased by 80 million GEL (current accounts, demand and term deposits). ProCredit Bank ranks 5th in terms of assets (3.6% market ratio); The bank is fourth in terms …

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Georgia to Hold Its First Domestic Selection Tournament for Participation in World Catering Championship – Bocuse d’Or

Several months ago we learned from GastroNaut advisory company that Georgian cuisine could participate in the world’s major catering championship Bocuse d’Or and employment of this opportunity depended on representatives of the championship and job performed by the GastronAut team and financial support from Georgian companies. Today, representatives of GastronAut …

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Georgia Exports 1 242 744 liters of Mineral and Spring Waters to Israel

In 2017 Georgia-Israel trade turnover made up 20.2 million USD, up 5 million USD compared to the 2016 indicator. According to Geostat, national statistics service of Georgia, Georgia-Israel turnover in January-April constituted 14.1 million USD. As to exports and imports, Georgia has negative trade balance with Israel. Namely, in 2017 …

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New Airline Entered Tbilisi International Airport

On June 13, new Saudi Arabian low cost air company Flynas has performed inaugural flight on the route Riyadh Tbilisi. Today airline will perform another first flight from Jeddah. For summer season flights from Riyadh and Jeddah will be performed three time a week on Wednesdays, Fridays and Sundays by …

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Finland to Share Experience on Education Management with Georgia

On 11-13 June, officials from the Ministry of Education and Science of Georgia visited Finland to learn about the country’s experience in education management. The aim of the study visit is to provide practical advice for the implementation of comprehensive education reforms in Georgia. The visit agenda includes meetings aimed …

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Paradise is Found in kaprovani by the Black Sea

How many times have you dreamed of being in a fairy-tale place you have seen only in advertising clips? I know that you think that such a paradise is far from you, expensive and inaccessible. However, I have to tell you that I have not gone through so much of …

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Druchi: New Georgian Startup of Dog Clothing Launches

Druchi New Georgian startup of dog clothing has launched production. All apparel is available in various sizes to ensure that your pet snuggles right into his or her outfit for any occasion. As 2018 World Cup is near, company offers customers customized football shirts of any participant teams. Currently the clothes …

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Vazisubani Estate Wines to be On Sale in the UK

Company ”Vazisbani Estate Wine” will be sold in the United Kingdom. Company will stock Kvevri wines- Saperavi, Khikhvi and Kakhuri Mtsvane and cost will estimate to 15 pounds. As executive director Giorgi Mshvidobadze says to BM, special seminar and tasting is planned to represent new products to the market. Wine-maker …

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Foreign Trade Turnover Rises by 24.5%

In January-May 2018 Georgia’s foreign trade turnover (excluding undeclared trade) made up 4 894.8 million USD, up 24.5% compared to the same period of 2017. According to Geostat, national statistics service of Georgia, exports constituted 1 284.7 million USD, up 28% and imports constituted 3 610.1 million USD, up 23.3%. …

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National Wine Agency Disapproves 93 Wines for Exports

National Wine Agency has disapproved 93 wine varieties of 2 439 ones for exports. The mentioned varieties failed to meet various standards in the tasting process and therefore, they were banned to enter exports markets, the agency officials told BM.GE. We remind you that, under amendments to the Law on …

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