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Daily Archives: June 25, 2018

Tbilisi Open Air 2018 – Three Days Lost in Wonderland

It’s been three long and colorful days and nights of Open Air music festival that got us sleep debt, but it was worth it. This year’s Tbilisi Open Air was distinguished with its even more diversity, meeting almost any kind of music lovers’ requirements taking place at Lisi Wonderland featuring …

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Kobuleti 18-km Bypass Road Opened

Prime Minister Mamuka Bakhtadze has opened a 18-kilometer section of Kobuleti bypass road in Adjara. The section comprises two new bridges and renewed infrastructure and it reduces driving time to Batumi by 30 minutes. “Today the infrastructural project of vital importance for our country was completed. We are opening one …

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Commercial Banks Issued 240 million GEL Loans in May

In May 2018 volume of GEL-denominated loans in commercial banks rose by 157 million GEL (without interbank loans), while foreign currency denominated loans increased by 18 million USD. As a result of GEL exchange rate devaluation, the volume of foreign currency denominated loans rose by 92 million in GEL equivalent. …

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How Georgia Can Replace the Evegrowing Electricity Imports

How Georgia Can Replace the Evegrowing Electricity Imports

Energy independence is of utmost importance for Georgia in terms of both its economic and political security. It is impossible to develop and strengthen the country without a strong energy system. The immense technical progress has led to higher demand for electricity all over the world and Georgia is no …

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Government to Fund Honey Processing Plant Construction in Gori

A honey processing plant will be built in Gori with the financial support of Government. The plant will manufacture homogeneous honey and export product to foreign markets. “We will try to maximally apply exports potential”, Levan Davitashvili said at the first meeting of Honey Consultants’ Committee, which was held by …

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PM: We will Apply Blockchain Technologies in Tax Administration

“All taxes, excluding VAT, will be based on BlockChain technology”, Prime Minister Mamuka Bakhtadze told the Parliament. The country has made progress in terms of introduction of innovative technologies in tax administration, however, the country comes behind such countries which efficiently apply digital technology in economy. “We should be oriented …

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Azerbaijan Invested $51m in Georgia’s Economy in Q1 of 2018

Azerbaijan invested $51 million in Georgia`s economy in the first quarter of this year, becoming its second largest investor, according to the Georgian media. With $82.7 million investment, the UK is Georgia`s largest investor, while China is third with $41.6 million. The total volume of the investment made in Georgia`s …

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Quantity of Real Estate Registration Transactions Grows

According to official information from National Agency for Pubic Registry (NAPR), in May 2018 the number of real estate registration transactions rose 10.5% year on year and constituted 77 954 units all over Georgia. The month of May has recorded evident growth compared to the same month in 2014-2017 years: …

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