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Daily Archives: June 26, 2018

Philip Morris Reimagines Mad Men Life Without All the Cigarettes

Philip Morris Reimagines Mad Men Life Without All the Cigarettes

Philip Morris International Inc. doesn’t just want the people who see its ads to trade in their cigarettes for smokeless tobacco — it wants the people designing them to do it, too. The company, which sells Marlboros and other brands outside of the U.S., urged its ad agencies and media …

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Silk Road Group Starts Collaboration with Chapman Taylor

Silk Road Group Starts Collaboration with Chapman Taylor

Silk Road Group has completed negotiations with the leading global architects and masterplanners Chapman Taylor (https://www.chapmantaylor.com). The agreement provides for Chapman Taylor to work on the architectural concept and master plan as for the Silk Tower, so the entire Batumi Riviera project. Green landscaping will be the main focus for …

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Salaries for Bank of Georgia Top Managers

Bank of Georgia stakeholders have approved rules of payment of salaries to members of the supervisory board. Starting May 21, 2018 salary of the supervisory board members was determined in the following amount: Annual salary for the supervisory board membership (before tax deduction): Head of supervisory board– 210 313 USD; …

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Swiss Cammille Bloch Plans to Nut Plantations in Guria

Chocolate manufacturer Swiss company Camille Bloch is interested in investing in Georgia. The company plans to produce hazelnut in Guria and seeks land for plantations. The company also intends to introduce new technologies. Experts of Camille Bloch discussed details with Guria Governor Merab Chanukvadze and Lanchkhuti Municipality Mayor Aleksandre Sarishvili …

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Prime Minister Introduces Package of Structural Changes in Government

Prime Minister of Georgia Mamuka Bakhtadze has introduced a package of structural changes in the Government. At the briefing that was held at the Government’s Office, Mamuka Bakhtadze told reporters that the number of Ministries will be cut to 11 ones, including 1 office of State Minister. Mamuka Bakhtadze has …

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Loans Larization Coefficient Rose to 44.9%

NBG

Crediting volume of commercial banks (including loans issued to nonresidents) rose by 239.6 million GEL in May compared to April (+1.1%) and constituted 22.9 billion GEL as of June 1, 2018. According to National Bank of Georgia (NBG), in the same period volume of GEL-denominated loans rose by 89.3 million …

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ADB President, UNIDO Director General Discuss Deepening Collaboration

Asian Development Bank (ADB) President Mr. Takehiko Nakao and the United Nations Industrial Development Organization (UNIDO) Director General Mr. Li Yong met at ADB headquarters and discussed strengthened collaboration as ADB moves toward finalizing its long-term Strategy 2030. In their discussions, Mr. Nakao and Mr. Li emphasized the importance of …

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Stamba is Among Telegraph’s Best Hotels Ratings

Stamba was rated 9 out of 10 at Telegraph’s Best Hotels rating. “The former Soviet era Stamba (Publishing House) has become a distinct design hotel where you see a glass transparent swimming pool and grandiose cafe where traditional Georgian dishes are served. Stamba perfectly fits in the style of the …

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Travel Time of Batumi-Tbilisi Shrank by 30 Minutes

Road Infrastructure Projects to Hit 4.5 billion GEL in 2018

The construction of the second section of Kobuleti bypass road was completed for the tourist season and 18 kilometer road was put into operation. The transit movement has moved on to the new road from Kobuleti seaside. The new road will increase travel time from Tbilisi to Batumi by 20-30 …

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Excessive Debt Stifling Georgia

Mamuka Bakhtadze: “Irresponsible lending pushed 630,000 citizens onto the black list” “Today excessive debts stifle the country. This is the only relevant appraisal that we can give to the current situation in terms of excessive indebtedness. It is an important source of impoverishment. On the one hand, it narrows incomes …

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Winery Khareba Became Chess Champion

“Winery Khareba” became champion of the first corporate championship in chess. On 23-24 June, “Winery Khareba” became the winner of the first corporate championship in chess, where 9 rounds were held, and 22 teams participated. The tournament was conducted with a Swiss system, each team consisted of 4 players. I …

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