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Daily Archives: August 2, 2018

Batumi Green City Action Plan Introduced

The Batumi Municipality and the European Bank for Reconstruction and Development (EBRD) jointly develop the “Green City Plan”, which will involve the EBRD Green Cities Framework Program. The project of the action plan was officially launched by Batumi Mayor Lasha Komakhidze together with the Deputy Director of EBRD Municipal Infrastructure …

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Gradual Implementation of a Waste Separation System in Tbilisi Starts

USAID

A Memorandum of Understanding was signed between Tbilisi City Hall, “Tbilservice Group,” USAID Waste Management Project (#WMTR) and the Georgian Waste Management Association. The Memorandum includes cooperation between the public, private and civil sectors starting from September 2018, and aims at gradual implementation of a waste separation system in Tbilisi. …

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FMO Listed 160 Million Bonds at Georgian Stock Exchange

160 million GEL worth of 5-year bonds issued by Netherlands Development Finance Company have been admitted to the category A listing of the Georgian Stock Exchange. Galt And Taggart acted as the placement agent and bookruner for the issue. The floating rate coupon is paid quarterly at the rate of 3-months (91-days) National Bank of Georgia Certificate …

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Robot Sophia to be Keynote Speaker at Global Influencer Day in Baku

Robot named Sophia will be one of the keynote speakers at “Global Influencer Day”, which will be organized with the cooperation of Keepface DMCC and FA International Trade Events on 27th-28th of October in Baku, Azerbaijan. Sophia is humanoid robot developed by Hong-Kong-based company Hanson Robotics. Sophia has artificial intelligence, …

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Georgian Weekly Market Watch

NPLs at 2.4% in June 2018 In June 2018, the banking sector loan portfolio increased 18.4% y/y after growing 18.6% y/y in previous month, excluding the exchange rate effect. In unadjusted terms, loan portfolio was up 19.8% y/y and up 1.0% m/m to GEL 23.1bn (US$ 9.4bn). Deposits were up …

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Wine Palace – Small Georgia in a Hotel

Georgia and its capital Tbilisi is no longer a tourist destination foreign visitors heard nothing. Because of getting in the ratings of international editions, the popularity of Georgia and Tbilisi increased between the tourists. Visitors, who have arrived in the country, taking into consideration their time and financial resources, they …

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Summer Camp Focuses on Rural Development and Tourism Potential of Kakheti

Generating project ideas, devising projects and teamwork were the major topics of a recent EU-supported youth summer camp, organised by the Akhalkalaki Local Action Group in the Kakheti region of Georgia. During the summer camp, participants had the opportunity to raise awareness about the history of the region, visit cultural, …

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Emercoin Blockchain Solution Delivers Secure, Accurate Education Credentials to Businesses

Emercoin announced the successful implementation of its open-source “Trusted Diploma” blockchain platform by the Tbilisi Business & Technology University (BTU), enabling businesses to verify the accuracy and authenticity of online education credentials. As blockchain grows beyond fintech to empower other industries with new levels of security and immutability, the unique …

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