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Daily Archives: August 7, 2018

Radars and Smart Cameras to Supervise Traffic along Kutaisi Bypass Road

According to Interior Ministry, sectional radars will watch Kutaisi bypass road for metering traffic speed. The cameras will be installed in 10 sectors within 31-k section. Moreover, smart cameras for recognition of vehicles, which will detect both overspeed and other administrative offenses. According to Interior Ministry, smart video cameras and …

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Google Creates Special Search Engine for China

Google works on a special search engine project that will be available only for China. The project titled Dragonfly will be subordinated to Chinese censorship and will block such information as human rights, religion and other similar issues. Google offers a special mobile app, which provides filtered information to Chinese …

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Culinary Impressions from Georgia Palace

If you are looking for a hotel that, alongside with a pleasant rest, will offer perfect restaurant service and most delicious cuisine, you need to make your choice in favour of a high class hotel “Georgia Palace” in Kobuleti. Georgia Palace is found at the Black Sea coast, with beautiful …

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UNWTO Launches First and Largest Competition For Tourism Startups

The World Tourism Organization (UNWTO) is conducting a global hunt for tourism startups that want to transform the industry. The organization, which is part of the United Nations, has announced that it’s partnering with Globalia, a leading tourism group in Spain and Latin America, to launch of the first UNWTO Tourism Startup …

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Celebration of Coolness and Soft Drinks in Mtatsminda Park

The hottest month of the summer has already started. And as usually, Mtatsminda Park is the best place to find a shelter against the sun. The park administration doesn’t leave its guests with nothing but the richness of the nature this time either, and organizes another event. On this occasion …

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Tornike Rizhvadze Names Key Challenges of Adjara Region

Heavy social situation in villages remains one of the key challenges in the region, Tornike Rizhvadze, head of Adjara Government, noted. “When talking about inclusive development, we imply maximum inclusion of our population in economic activities. We imply our citizens, who is not able to reap real results of economic …

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UNWTO Announces Competition on Global Tourism

With the initiative of the United Nations World Tourism Organization (UNWTO), the competition will be held on global tourism, the competition comprises 164 countries. The aim of the competition is to transform the tourism sector, introduce innovations, demonstrate new business models, including circular economy and share economy. Giorgi Chogovadze, head …

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Pasha Bank Saving Clients from Fines

Pasha Bank’s ROE and ROA have declined to 3.76% and 1.45%, respectively (H1/2017 -4.77%; 1.91% ). As reported, National Bank of Georgia (NBG) has introduced new regulations – additional buffers in capital (concentration and counter-cycle buffers) and the capital coefficient was raised (≥4.5%; ≥6%;  ≥8%). As of July 1, 2018, the …

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PFI Future Plans to Invest 100 Million EUR in Georgia

Mikheil Khidureli, Director of the “Produce Georgia” Agency of the Ministry of Economy and Sustainable Development met with Polish company PFI Future representatives. The company is interested in development of multifunctional tourism infrastructure in Tbilisi and Batumi. The project includes oceanarism, hotel, entertainment center, conference space and other types of …

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