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Daily Archives: July 5, 2018

Finance Minister met with ADB Executive Director

Finance Minister met with ADB Executive Director

Finance Minister Nikoloz Gagua met with Mr. Helmut Fischer, Executive Director of Asian Development Bank. The sides emphasized the importance of successful partnership between Georgia and ADB. They reviewed ongoing and planned projects supported by the Bank in the country. The Minister of Finance has introduced those reforms to the Executive …

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Japan Market is the Most Attractive for Georgian Wines

Japan Market is the Most Attractive for Georgian Wines

Wine export keeps growing trend. However, 38.2 million bottles are exported in 48 countries within 6 months (5m/2018 – 31.5 million), which is 21% more comparing to the same period of 2017 (5m/2018; 5m/2017 +27%). The revenues are grown by 28% up to 90.3 million USD (5m/2018 – 75.5 USD; …

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Agriculture Sector Decreased by 2.1% in Georgia

There was 2.1% decrease in agricultural production in 2017 compared to the previous year. Production in the plant-growing sector declined by 0.4%, while animal production experienced a decrease of 3.8%. Lower production resulted in lower self-sufficiency ratios for most agricultural products, ISET reports. Revenue from the sale of agricultural products …

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JSC Nenskra Hydro Shares Special Statement

JSC “Nenskra Hydro”, which is implementing Nenskra Hydroelectric project, has released a statement regarding the situation in the village of Chuberi in Mestia municipality. According to our information, On July 5, in the village of Chuberi, Mestia municipality, Nenskra River, due to a natural disaster, flooded the central part of …

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Georgia’s Port City To Host Kefal Festival

KEFAL FEST will be held for the first time in Poti, port city of Georgia, on 12 August 2018. The main event of the festival will be the only city-scale international game called ARGO QUEST. The festival will also offer competitions in sports fisheries, marathon, water skiing, beach games, various …

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Georgian Designer Will Be Among Juries of Awwwards 2018

22-year-old UX/UI designer, Beka Kereselidze will be among young jury members, at Awwwards 2018 and will judge five different projects  in Design, Usability, Creative and Content. Beka has five year working experience and currently works at adjara.com as UI/UX Designer. From the beginning, I was just an user of website and …

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OPIC Intends to Boost Investments in Georgia

OPIC

At the meeting held between H.E. Mamuka Bakhtadze, Prime Minister of Georgia and Mr. Kenneth Angell, Managing Director of New Investment Projects of OPIC noted that Overseas Private Investment Corporation (OPIC) intends to boost its investments in Georgia. OPIC is interested in the projects of a deep-see port of Anaklia …

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Fitch Rates Georgian MFO Swiss Capital ‘B-‘

Fitch Ratings has assigned JSC Microfinance Organization Swiss Capital a Long-Term Issuer Default Rating of ‘B-‘. The Outlook is Stable. Fitch has also assigned the company’s proposed local bond an expected senior unsecured ‘B-(EXP)’, aligned with the IDR. The ratings of Swiss Capital reflect its business focus on consumer and …

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