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Daily Archives: August 14, 2018

Georgian Currency Seeking Point of Balance

Experts Forecast GEL to Fall to 2.90 point against USD. According to National Bank of Georgia (NBG), today, the GEL exchange rate against USD is 2.56, while at commercial banks the exchange rate stands at 2.62-2.66 point. On August 13 in the Bloomberg trading systole the GEL exchange rate against …

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Angela Merkel to Visit Georgia on August 23-24

German Chancellor Angela Merkel will visit Georgia on August 23-24. Minister of Foreign Affairs of Georgia Davit Zalkaliani assessed the importance of the visit of German Chancellor to Georgia. According to him, Merkel will visit South Caucasus region besides Georgia. “It is important that the country, which is a very …

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m2 Acquires Land Plot for Hotel, Office Space Development

Georgia Capital said Tuesday its hospitality & commercial real estate business, owned through m2 had acquired a 4,946 square meter land plot in the centre of Tbilisi for $5.34m. The company said it would use the land for a four-star business class hotel development, with a focus on business travellers. …

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Landmark Caspian Sea Deal Signed by five Nations

Turkmenistan, Russia, Azerbaijan, Iran, Kazakhstan, agreed in principle on Sunday how to divide up the potentially huge oil and gas resources of the Caspian Sea, paving way for more energy exploration and pipeline projects. However, the delimitation of the seabed – which has caused most disputes – will require additional …

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Regions with Cheapest Guesthouses in Georgia Revealed

PMC research center has published a report on averaged prices of guesthouses in Georgia. According to the report, in July the averaged tariffs at guesthouses was 72 GEL. The highest tariffs in July was registered in Kvemo Katrli (148 GEL) and Adjara (92 GEL), the report reads. At the same …

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Georgia Has Huge Potential for Developing Gastronomic Tourism

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 …

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Negotiations on Georgian Driver License’s International Recognition

As BMG was told at Ministry of Internal Affairs, the agency is still in negotiation mode. According to them, the Ministry of Internal Affairs is conducting active negotiations with several countries, including Spain, Italy and Ukraine with regard to granting international recognition to Georgian driving license. Following the expiration of …

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Georgian Girl in USA Invented Earthquake Metering Device

Ana Robakidze, 24, who lives in the USA, has invented earthquake metering device. Robakidze told BM.GE that she and her Chinese friend have worked on the device for over a year and in the near future the device will be commercialized in the USA and China. “This device gives more …

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