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Monthly Archives: August 2018

Registration of companies in the Vineyard Coordination HQ started

Wine producer companies willing  to join the vintage process can already start  registration in the HQ. The  Vintage 2018  Coordination HQ started working in Telavi a few days ago. “The coordination HQ is completely ready for vintage organization. The grape picking will be started in Dedoplistskaro municipality in these days, …

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Chirukhi-Khikhani-Goderdzi: New Tourism Route in Highland Adjara

A new tourism route is being marked in Adjara. Chirukhi-Khikhani-Goderdzi – this new route is being marked by the tourism products development agency of Adjara Tourism Department. The new tourism route is located in Alpine zone and tourists are able to see picturesque lakes, waterfalls, castles, yailas – Zhinvali waterfall, …

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Georgian Film Selected for European Film Awards

Georgian film Sashishi Deda (Scary Mother), directed by Ana Urushadze and produced Lasha Khalvashi & Tinatin Kajrishvili selected for European Film Awards. In the 20 countries with the most EFA Members, these members have voted one national film directly into the selection list. To complete the list, a Selection Committee consisting …

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TBC Bank Profit Jumps

TBC Bank

TBC Bank’s pretax profit rose to 239.5 million laris ($94.3 million) for the six months ended June 30, from 191.4 million laris a year earlier. Shares of TBC were up 2.4 percent on the London Stock Exchange minutes after the opening bell. Tbilisi-based TBC’s market share in total loans was …

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Geostat: Unemployment Level Declines by 1.9%

In the second quarter of 2018 the unemployment level in Georgia declined by 1.9% compared to the first quarter of 2018 and constituted 12.1%. According to Geostat, national statistics service of Georgia, this declination is related to seasonal factors. In the second quarter of 2018, the ratio of economic active …

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Authorization board Denied International Black Sea University the right to Receive Students This Year

The authorization board has denied the International Black Sea University the right of receiving new contingent of students for one year period, Administration of University announced. “Starting from 2018, the authorization process begun with new standards applied in higher educational institutions operating in Georgia. On April 24-27, the International Black Sea …

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Private Lenders without NBG Registration will Have no Right to Issue Loans

Private lenders that are not registered as loan issuing bodies at National Bank of Georgia (NBG) will be banned to issue secured loans to physical bodies. Under new amendments to the regulations for credit-information bureaus, financial organizations will not have voluntary option to cooperate with bureaus and all organizations under …

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PM: Our Government Aims to Turn Bakhmaro into International Destination

“Our Government aims to turn Bakhmaro into an international destination and one of the key landmarks of our country, pride and joy of Georgia, very important source of income for local population” stated Mamuka Bakhtadze, Prime Minister of Georgia while addressing the audience gathered at celebration of the Transfiguration. Head …

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M2 Acquires Land Plot for Hotel and Office Space Development

Georgia Capital PLC (the Group or Georgia Capital), announces that the Group’s hospitality &  commercial real estate business, owned through m2 (“m2 ” or the “Company”), has acquired a 4,946 sq.m. land plot in the centre of Tbilisi for a total cash consideration of US$ 5.34 million. The Company intends …

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