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Monthly Archives: September 2018

IMF Upgraded the Economic Growth Projections for Georgia

Mamuka Bakhtadze

Prospects of economic growth of Georgia and progress achieved towards macroeconomic stability were discussed by Mamuka Bakhtadze, Prime Minister of Georgia and Christine Lagarde, Managing Director of the International Monetary Fund (IMF) in Washington D.C. Focus was made on the reforms planned by the Government of Georgia, which are aimed …

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Tsinandali Museum Presents Revived Time from September 20

Tsinandali Alexander Chavchavadze House Museum and Archive of Internal Affairs of Georgia present an exhibition “Revived Time” on September 20, at 15:00. Ancestral watch will start ticking again at Alexander Chavchavadze House Museum. Golden pocket watch will be presented to public for the first time. It already transferred into the …

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Bitfury Launches New Suite of Bitcoin Mining Hardware

New “Bitfury Clarke” ASIC Brings Heightened Bitcoin Mining Performance, Profitability. The Bitfury Group today launched a new generation of bitcoin mining hardware, led by its newest bitcoin mining ASIC chip, Bitfury Clarke. Building on Bitfury’s successful five generations of mining chips, the Bitfury Clarke ASIC offers the strongest performance characteristics …

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Thomas Cook Representatives Interested in Adjara

Representatives of Thomas Cook, the world’s biggest tourism company, are visiting Adjara Region by invitation of Adjara Tourism Department. They plan to collect information on the region’s tourism, business and investment potential. Managers of the company’s tourism and airline directions have already met with the Adjara tourism department management, Batumi …

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Exports from Georgia to CIS Countries Increased by 51.3%

In January-August, 2018, exports from Georgia to CIS countries amounted to 1 025.6 million US dollars, which is 51.3 percent higher than the previous year’s index, and 47.8 percent of the country’s total exports. Import was amounted to 1 744.9 million USD (23.7 percent more), which is 29.3 percent of …

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Geocell Pays More Than 25 Million For New Frequencies


Geocell has paid 25 million 391 thousand GEL on radiofrequency spectrum license. In July, the company applied to the National Communications Commission. Only Geocell had filed an application to participate in the auction held today. With this license, the company plans to develop quality of internet supply.

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British Council Announces Grant to develop Enterprise Education

The partnership fund will support the design and delivery of activities that support the development of enterprise education in programme countries (Armenia , Azerbaijan , Georgia, Kazakhstan , Kyrgyzstan, Ukraine  and Uzbekistan). This will contribute to the reduction of unemployment by strengthening the creative industries in these countries through UK collaboration. The grant is designed to enhance existing …

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Government to Free Electric Minibuses and Busses from VAT and Imports Taxes

Kakha Kuchava, head of the parliament’s committee for environment protection and natural resources talks about the new bill which calls for exempting electric minibuses and buses from imports and VAT taxes. “Electric minibuses bought by any person, not by only public offices, will be exempted from imports and VAT taxes”, …

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Credit Growth Stood at 19.1% YOY in August

The total bank loan portfolio increased by 19.1% YoY in August 2018, excluding FX effect. From the segments perspective, retail, SME and corporate loans increased by 19.1%, 20.8% and 18.1% YoY, respectively. Growth of retail loans was mostly driven by mortgages, which went up by 34.7% YoY, while non-mortgage loan …

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Fuckup Night Vol5- Share Stories of Professional Failure

Fuckup Nights is a global movement and event series that shares stories of professional failure. Each month, in events across the globe, we get three to four people to get up in front of a room full of strangers to share their own professional fuckup. The stories of the business …

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