Home / 2018 / June (page 4)

Monthly Archives: June 2018

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Schuhmann Wines Georgia Started Producing Wine Cosmetic Line

The company “Schuchmann Wines Georgia” started producing wine cosmetic line, in particular the company produced grape seed oil and scrub from Saperavi grape seed. Products at this stage are sold only in Kakheti, at company’s hotel, Schuchmann Wines Chateau & SPA, located in the village Kisiskhevi. ”The company has received …

Read More »

Interview With Giorgi Kavelashvili – Managing Partner of LLC Altido

Giorgi Kavelashvili

Altido LLC was established back in 2013. It unites group of professionals with long-term experience in the field of audit, accounting, tax policy and advisory, tax dispute resolution and public sector management. “We treat our customers as our partners and offer them individual approach according to their business needs. We …

Read More »

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 …

Read More »

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 …

Read More »

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. …

Read More »

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 …

Read More »