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Daily Archives: July 25, 2018

Second Phase of LOPOTA Tourism Complex Expansion Project Finished

partnership fund lopota

The second phase of expansion of LOPOTA tourism complex has been completed in Kakheti Region with the support of Partnership Fund. The renovated complex is ready to host tourists. The top-class hotel complex inauguration cereony was held on the territory of LOPOTA Spa Resort. Kakheti Region governor Irakli Kadagishvili, Partnership …

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Turkey’s QNB Finans Leasing Receives EBRD Loan of €25 Million

The EBRD is providing a loan of €25 million to QNB Finans Finansal Kiralama A.S., a leasing subsidiary of the Turkish lender QNB Finansbank, to broaden access to finance for the country’s small and medium-sized enterprises (SMEs). The EBRD loan is extended under the third phase of the Turkey Sustainable Energy …

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Dollarization of Loans Issued by Commercial Banks Fall to 54.7%

Over the past year GEL-denominated loans rose by 2.4 billion GEL, while foreign currency denominated loans declined by 499 million USD. As of July 1, 2018, commercial banks have issued loans of 23.3 billion GEL in both currencies. The ratio of foreign currency denominated loans in total loans portfolio is …

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Attitude towards the Law on Tobacco Control in Tbilisi

According to the survey conducted in Tbilisi in June of 2018, 34% of citizens are consumers of tobacco. Among them, 29% smokes regularly, 5% only occasionally. According to the results of the same study conducted in the spring of 2017, 31% of adult residents of Tbilisi were consumers of tobacco …

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JSC International Bank of Georgia – Georgia Stripped of Banking License

NBG Reduces Its Policy Rate By 25 Basis Points To 6.75%

The meeting of stakeholders of JSC International Bank of Azerbaijan (IBAR) – Georgia has taken decision on cancellation of banking license and transformation into non-bank organization. Under the decree passed by the vice president of National Bank of Georgia (NBG), the banking license has been stripped from JSC IBAR – …

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South Caucasus Moving Museum of Photography in Tusheti

On Saturday, July 28th in the frame of the first event of Moving Museum of Photography an open air night photo screening and a public lecture will be held in Omalo, Tusheti. A collection of slideshows by leading photographic institutions and biggest platforms showcasing the most recent works by contemporary photographers will …

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Ambassadori Kachreti- the Closest Hotel Complex for Rest

The temperature is slowly rising, the summer’s hotest month is still ahead. Along with the rise of heat, the main locations of recreation goes out of the city. If you can’t go far away from the city and want to get away from the monotony and city noise, then you …

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Deadly wildfires burn in Greece

Fast-moving wildfires near Athens have killed at least 76 people, officials said on Tuesday, and have forced thousands of tourists and residents to flee in cars and buses, on foot, aboard boats and on makeshift rafts,- NY Times reports. In desperation, some people plunged into the Aegean waters and tried …

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9 Million GEL to Equip Music and Drama Theater

Vaso Abashidze Musical Comedy and Drama Theater will get technical equipment worth of GEL 9 million. The tender has already been announced for the procurement of works. According to the tender demand, it is planned to conduct technical work of and arrangement of the spectators hall. Namely arrangement of orchestral …

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Rare Megrelian Vine Varieties Restored

Rare Megrelian vine varieties Chvitiluri and Koloshi have been restored, Misha Tsirdava, founder of Obene family wine cellar, told BM.GE. Several other Megrelian vine varieties will be also restored, namely, Kachichi, Chechipeshi, Cheqobalio and Makhvatina, he added. For the purposing of finding the mentioned vines, Tsirdava visited all corners of …

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Francois Painchaud: IMF Publishes Its Works Following Government’s Approval

“The Monetary Fund publishes its works in case of receiving consent from the government,” Francois Painchaud, a representative of the International Monetary Fund told Bm.ge. They don’t specify at the fund, which survey was discussed by former Prime Minister Bidzina Ivanishvili. In addition, they explain the research, fund conducts  and …

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