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Monthly Archives: December 2018

UNStudio Designs TBC forum – Innovative Cultural Hub in tbilisi

UNStudio’s design for the new TBC forum located in tbilisi, georgia, proposes a transition from the traditional closed and introverted working model previously favored in the banking industry, toward a flexible, open and responsive system. the project proposes a cultural hub that will act as a catalyst for the development of a …

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Ajara Joins Forces with EU and UNDP to Boost Rural Development

The Government of the Ajara Autonomous Republic (AR) has agreed to contribute €230,000 to enhance the implementation of regional components of a €10 million EU-funded project “ENPARD-3: Improving Rural Development in Georgia” aimed at promoting rural development and small and medium-sized businesses. Tornike Rizhvadze, Chairperson of the Ajara AR Government, …

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Georgia and Great Britain May Sign Free Trade Agreement

Georgia and Great Britain may introduce free trade regime, Georgian Ambassador to Great Britain Tamar Beruchashvili noted on December 18. The countries have launched consultations, she added. Despite the Brexit-related difficulties, the Georgina-British relations remain on the highest level. Georgia and Great Britain have intensified cooperation to overcome the Brexit-related challenges …

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Sony Music Communication Starts Working on Special Project of Georgian Wine

The “Sony Music Communication” representatives together with German partners has visited Georgia  to prepare a video project on Georgian culture, history and Georgian wine. “Sony Music Communication” and Company “TOPPAN” together with the Ministry of Environment Protection and Agriculture of Georgia and Association “Georgian Wines” will start working on a …

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UNDP Head Louisa Vinton is visiting Ajara

Resident Representative of the United Nations Development Programme (UNDP) in Georgia, Louisa Vinton, is visiting Ajara Autonomous Republic on 18 December 2018. The Head of UNDP will meet Tornike Rizhvadze, Ajara Government Chairperson, and representatives of the Ajara Government to discuss UNDP’s ongoing support to sustainable development of the region. …

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Biopic About Lesya Ukrainka to be Directed by Nana Janelidze

Biopic (biographical movie) about Lesya Ukrainka will be directed by Georgian movie director and scriptwriter – Nana Janelidze. Also, casting will be held shortly and the project team will start filming a teaser. Cinematic portfolio of Nana Janelidze includes 5 feature-length works directed by her and 6 works in which …

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Matériel – Fashion as a Business

Matériel has become the first Georgian brand in the ready-to-wear category to appear on the Net-a-Porter online platform. Fashion house is also the first Georgian brand that has contributed towards the development of the fashion industry in Georgia and has helped transform fashion from art into business. Matériel successfully exports …

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Fitch Affirms Halyk Bank Georgia at ‘BB-‘

Fitch Ratings has affirmed Halyk Bank Georgia’s (HBG) Long-Term Issuer Default Rating (IDR) at ‘BB-‘ with a Positive Outlook. Fitch has also assigned the bank a Viability Rating (VR) of ‘b+’. A full list of rating actions is at the end of this rating action commentary. HBG’s IDRs and Support …

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Government Plans to Issue so-called Green Bonds

Government of Georgia plans to issue the so-called Green Bonds, Natia Turnava, Minister of Economy and Sustainable Development of Georgia, noted at the parliament’s committee for sectoral economy and economic policy, when talking about guaranteed procurement in the power sector. The existing practice calls for providing certain guaranteed procurement for …

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Two Young Women Build Hotel Complex in Bakuriani by EU Grant

A new hotel complex will launch operation in Bakuriani in summer 2019. The hotel was built by two young women by EU grant. The complex unites three 11-suite cottages and is able to host 22 persons simultaneously, Irina Mshvenieradze, one of the founders of the hotel complex told BM.GE, who …

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