Home / 2018 / August / 13

Daily Archives: August 13, 2018

Early Report: January-July Saw 24.4% Upturn in Foreign Trade Turnover

economy

According to early report by Geostat, national statistics service of Georgia, in January-July 2018 foreign trade turnover (excluding non-declared trading) made up 7 051.5 million USD, up 24.4% compared to the same period of 2017. Including, exports constituted 1.870 billion USD, up 28.7% and imports marked 5.181 billion USD, up …

Read More »

Georgia’s Air Traffic Increased by 10%

In the airspace of Georgia in January-July, 86 356 instrumental flight was performed, with 7 955 flights (10.1%) the number is more than the same period in 2017. The number of flights carried out during the reporting period is 60 415 flight (+3 031 flight, + 5.3%). The number of …

Read More »

Chinese Media Company MCZT Shoots about 40 Video Clips about Georgia

According to the National Tourism Administration, the 11-member crew group visited Georgia organized by the Ministry of Economy and Sustainable Development of Georgia under the Ministry of Tourism of the National Tourism Administration’s press tour. According to them, the MCZT group members visited Tbilisi, Telavi, Gori, Stepantsminda, Borjomi, Tskaltubo, Sairme, …

Read More »

55 Million GEL is Spent to Beach Protection Works in Batumi

The Municipal Development Fund of the Ministry of Regional Development and Infrastructure of Georgia carries out beach protection works in Batumi. According to MDF, the project is implemented with financial support of Asian Development Bank and its value goes beyond 55 million GEL, BM.ge reports. According to the company, Chairman …

Read More »

TBC Bank’s Financial Director Explains GEL Depreciation Reasons

TBC Bank’s financial director Giorgi Shagidze says that the recent volatility of GEL is related to deprecation of RUB and TUR in neighboring countries. “GEL is a free currency and naturally, developments in our trade partner countries influence it. We saw that last week Turkish Lira considerably depreciated” Shagidze said …

Read More »

Outcomes of Unreasonable Privatization

Government Loses 5 million GEL from Sales of Economy Ministry Building and Constructing New One. No Investments Made Yet. On June 26, 2015, the building of Ministry of Economy and Sustainable Development was sold for 9 450 000 USD. Physical body Tamar Maziashvili bought the building by auction. Later, it …

Read More »

TBC Bank gets $50m loan from China Development Bank

TBC Bank and China Development Bank signed $ 50 million loan agreement. According to the bank, this is the largest loan resource that the Chinese Development Bank has allocated to the Georgian company. “We are proud to implement the first transaction with China Development Bank. Our cooperation is a logical …

Read More »

State Debt Declines by 67 million GEL

In July 2018 Georgia’s state debt declined by 67 million GEL. Georgia’s USD-denominated external state debt decreased by 17 million USD. In July, as result of GEL exchange rate appreciation, GEL-denominated external debt decreased by 64 million GEL, while in June the debts declined by 3 million GEL. As of …

Read More »

Tiflis Palace and Tiflis Veranda Offer Novelties To Their Guests

Tiflis Palace and Tiflis Veranda welcomed the summer season in a renewed state. After 3 months of renovations, both the hotel and the Tiflis Veranda restaurant received a makeover. For the tourist season they will return to the customers more sophisticated and cozy. The hotel has a renewed interior with …

Read More »

Tempting Dishes that Bring You to Georgia

Georgian traditional cuisine is one of the richest and diverse cuisines worldwide. For many years Georgia has not only maintained its dishes, but also introduced the on foreign markets. As a result, Georgia was mentioned in the top list the most delicious European cuisines developed by the US edition the …

Read More »

Small Grants Help Former Prison Inmates to Begin New Lives

Non-governmental organization Civil Development Agency (CiDA), with the support of the European Union and in partnership with the Georgian Farmers Association and DVV International, is implementing a Training and Employment Support Initiative (TESI) in the criminal justice sector in Georgia. The initiative aims to provide professional training, employment opportunities, development …

Read More »

Price of Medications for Second-Type Diabetes Halves

Starting August 13 the program for provision of medications for chronic illness has been expanded, the Health Ministry officials told BM.GE. Objective of the program expansion is to reduce the price of medications for chronic illness twice and more for pensioners and PWDs. “The program for provision of medications was …

Read More »