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Daily Archives: October 8, 2018

American Economists win Nobel Prize for Work on Climate and Growth

Two American economists at the forefront of work on climate change and the role of governments in boosting growth have been jointly awarded the prestigious Nobel Memorial prize for economics. The Swedish Riksbank said William Nordhaus and Paul Romer were being honoured for their research into two of the most …

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Staff Cuts and Growing Salaries

The 2019 State Budget Grows Pensions by 20 GEL, as well as Salaries of Policemen, Rescuers and Firefighters.  The 2019 state budget is planned to amount to 12 729 700 000 GEL. This is the initial variant of the main financial document of the country that the Government has already submitted to the …

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Georgian Railway: The Worst is Behind

GR released poor FY17 audited results. On the back of the continued decline in freight traffic volumes, the top line decreased 6.8% y/y to US$ 173.2mn, from an already low base. According to G&T, on the positive note, logistic service and freight car rental revenue, together accounting for 20.8% of …

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Terrassa Group – Implementing the Concept of Green Architecture

Improving Tbilisi’s environment has been of the most topical subjects recently. Development companies are trying to effectively combine construction with greening. The Terrassa Group stands out in this regard. According to the company’s commercial director Tako Gaprindashvili, the firm has a strong sense of social responsibility towards the population, which led to …

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EBRD: Renewables are Now Cheapest Energy Source

The EBRD is urging a step change in levels of investment in renewable sources of energy.  Competitive pressures have led to a significant reduction so that renewables are often the cheapest sources of energy. Harry Boyd-Carpenter, EBRD Director, Head of Power and Energy Utilities, will say at the FT Climate Finance …

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Georgian Writers at The International Literature Festival lit.RUHR

The international literature festival lit.RUHR will take place for the second time from the 9th to the 14th of October 2018. For a total of 79 events on six festival days, German and international authors will be coming to Villa Hügel in the Ruhrgebiet. Georgia, the most progressive Caucasus republic, …

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Frankfurt Book Fair Opens in Two Days

Frankfurt Book Fair

The world’s largest Book Fair expects 3 per cent more exhibitors, and the guest country is Georgia. Just over a week before the book fair starts, the organizers said on Monday they expect to have 7,000 exhibitors from 105 countries this year, with 9,800 reporters accredited to cover the fair. …

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Folklore State Center to Attend Frankfurt International Book Fair

This 2018 Frankfurt International Book Fair will be held on October 10-14. The Folklore State Center of Georgia will take part in the fair for the first time. Moreover, for the first time, unique editions of Georgian Folklore will be introduced, namely Shen Khar Venakhi (You are Vineyard) and Collection …

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New Winery Launches Operation in Ambrolauri Municipality

LLC Zedashe, a grapes processing enterprise equipped with modern technologies has launched operation in Ambrolauri municipality. The enterprise was established as part of the Joint Agro Project of the Projects Management Agency of Ministry of Agriculture. With the support of Government, the company has obtained preferential agro loan of 550 …

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Georgia Exports 142 million USD Wines in January-September

According to LEPL National Wine agency, in January-September 2018 Georgia exported about 60 million bottles of wines to 53 countries, up 13% compared to the same period of 2017. Total value of the exported wines made up 142 million USD and the year on year growth constituted 22%. Georgian wine …

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