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Daily Archives: August 15, 2018

Georgia Exported 132 million kw/h Electricity in July

In July 2018 Georgia exported 132 million kw/h electricity. Turkey emerged as a key export market, where 68.86 million kw/h electricity was exported. Armenia is second with 10.016 million kw/h electricity exported, Russia – 44.01 million kw/h, Azerbaijan – 9.13 million kw/h. In whole, 588.32 million kw/h electricity was exported …

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OPIC to Invest about 100 million USD in Anaklia Seaport Construction

The Overseas Private Investment Corporation (OPIC) executive vice-president David Bohigian and OPIC representatives have met with the management of Georgia-America consortium ADC and discussed funding opportunities for Anaklia Deepwater seaport. OPIC has been working on the issue of funding Anaklia deepwater seaport for several months. The financial institution plans to …

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Total of 144 Million USD Received and 20 Million Sent in July

In July 2018, the volume of money transfers from abroad constituted 144.2 million USD (352.9 million GEL), which is 19.3 percent (23.3 million USD) more than the amount in July 2017. 92.8 percent of the total money transfers from abroad came from 16 largest donor countries, with the volume of …

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Gino Paradise: The Best Place for Family Fun

Summer is already in its active phase, though the scorching heat of August is still awaiting us. The capital is gradually changing and venues for entertainment and relaxation move outside the city. However for those staying in town entertainment, rest and some suntan are not all that difficult to achieve. …

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The World Digital Mining Summit is About to begin in Tbilisi

In today’s global cryptocurrency mining industry, China’s bitcoin network computing power takes the lead, accounting for half the total. However, with cryptocurrency mining gradually attracting the attention of other countries such as Japan, Vietnam, Russia, the mining competition get fiercer, and the future direction of cryptocurrency mining becomes more uncertain. This results in a question: …

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Foreign Direct Investments in Georgia in 2017

Foreign direct investments (FDI) in Georgia amounted to USD 1888.8 million in 2017 (adjusted data) up 20.6 percent from the same data of 2016 and up 1.4 percent from the preliminary data of 2017. Geostat adjusted the volume of FDI in Georgia for 2013-2016 as well. Consequently, the chart below …

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Tbilisi City Hall Identifies 179 Unfinished Buildings in Capital City

Tbilisi Mayor Kakha Kaladze has addressed development companies to submit offers and proposals regarding unfinished buildings and structures in Tbilisi. At today’s meeting of Tbilisi Municipality, Kaladze noted that there are 179 unfinished buildings in the capital city. “We have recently talked about incomplete buildings and structures. We have described …

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Vintage Preparatory Meeting held in Telavi

Giorgi Khanishvili, Deputy Minister of Environment Protection and Agriculture of Georgia met with heads of Kakheti Regional heads of information-consulting services and local municipalities in order to discuss the vintage 2018 organizational issues. The meeting in Telavi was attended by the First Deputy Chairman of the Agrarian Issues Committee of …

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