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Daily Archives: November 8, 2018

Georgia takes 12th Place by Cost of Living among 117 Countries

Among the 117 countries, Georgia is in the 12th place by cost of living. Georgia has 30.14 points in the Numbeo’s portal ranking and it takes place between Algeria and Bangladesh. The cheapest living among the estimated countries is Pakistan, the most expensive in Switzerland. Summary of the data on …

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Visitors Inflow from Some Countries Grew by 1000% for Sports Events

In January-October 2018, a total of 7 507 517 international visitors arrived in Georgia. According to National Tourism Administration, tourist inflows particularly increased from several countries. For example, in January-October 2017, Georgia hosted one citizen from Guyana, this year 20 visitors arrived from the same country (1900% upturn). In 2017, …

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41 companies participate in Georgia’s Responsible Business Awards Meliora

This year the Center for Strategic Research and Development of Georgia (CSRDG) launched the annual CSR excellence contest – Georgia’s Responsible Business Awards Meliora. The Contest is organized in frames of the Georgian Civil Society Sustainability Initiative, funded by the European Union and the Federal Ministry for Economic Cooperation and …

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Keda Municipality joins EU’s Mayors for Economic Growth Initiative

Georgia’s Keda municipality has become the latest municipality to join the EU-supported ‘Mayors for Economic Growth’ (M4EG) initiative. Since January 2017, the initiative has been supporting mayors and municipalities to be more active facilitators for economic growth and job creation at local level. By joining the initiative, Keda Municipality will …

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Aparthotel in Gudauri – An Offer from Bank of Georgia and Red-Co

The Bank of Georgia, in cooperation with the development firm Red-Co, is offering its customers the opportunity to purchase an apartment in Gudauri with a 9% discount. The offer is in effect until 15 November. According to Red-Co, customers are getting the opportunity both to own a property at the resort and to …

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IMF: Turkish LIRA Depreciation will Devaluate Georgian GEL

The current economic situation in Turkey will make influence on the Region, especially on the countries, with which Turkey has direct trade relations. In this respect International Monetary Fund (IMF) outlines Georgia and Azerbaijan, the last IMF review reads regarding the Central Asia and Caucasus countries. IMF presumes that Turkish …

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