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Daily Archives: January 8, 2019

Georgia to be Presented as Honorary Guest at Paris Book Fair

Georgia will become an honorable guest country for another important literary platform, Paris Book Fair. According to the Public Relations Service of the National Library of Georgia, the offer was made still in the framework of the Frankfurt Book Fair and presumably will be held in 2021. Georgia has not …

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TBC Enters Uzbekistan Market

TBC Bank is getting ready to launch operation on the Uzbekistani market and introduce its digital neobank – Space, Giorgi Shagidze, TBC Bank financial director told Euromoney. Georgia’s first 100% digital bank was introduced in May 2018, including a remote opening of a bank account, option for attaching all bank …

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Anna Ke Named Georgia’s Representative Artist for 2019 Venice Biennale

Düsseldorf- and New York-based Anna KE has been announced as Georgia’s representative artist at the 58th Venice Biennale. KE will present an immersive installation REARMIRRORVIEW, Simulation is Simulation, is Simulation, is Simulation… (2019), which references the architectural forms of stages, tribunal platforms, communal fountains and other motifs found in public spaces. Interspersed …

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Challenges, Success and Plans – Wine Business Appraise 2018

The Caucasus Business Week (CBW) has inquired how the winemaking business appraises the year of 2018. The unsubsidized vintage in 2018, wine exports, the penetration of new markets, measures for the popularization of Georgian wines; this is a list of key directions that the LEPL National Wine Agency of Agriculture …

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The Nature of the Georgian Economy in 2018

The past year should be appraised as a positive period for Georgian economy, against the background of problems in previous years. First of all, we should mention an about 5% economic growth, however, more optimistic forecasts were released in the middle of 2018. Namely, International Monetary Fund (IMF) forecast 5,5% …

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Finance Sector Hails Cartu Foundation for Transaction of the Year

The year 2018, which was previously announced as the year of financial education, brought some special benefits to 600 000 borrowers, as their debts were annulled. The Cartu Foundation bought off bad loans from the bank as well as nonbank organizations, and all debts were written off. The CreditInfo database has …

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The Success of the Aviation Sector in 2018

The 2018 ICAO audit results prove that the flights safety component has been significantly improved.  The year of 2018 was exceptionally successful for the aviation sector, Levan Karanadze, the recently appointed director of LEPL Civil Aviation Agency under the Ministry of Economy and Sustainable Development of Georgia noted. This year …

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Partnership Fund Ends the Year of 2017 in 441 million GEL Losses

Partnership Fund of Georgia has ended the year of 2017 in losses of 441 million GEL, according to the 2018 report on fiscal risks attached to the 2019 state budget bill. According to the report on fiscal risks, the negative indicators were mainly preconditioned by the 354 million GEL losses …

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New Record – Number of International Visitors Reached 8.7 Million

“Georgia hosted a record-number of international visitors amounting to almost 8,7 million people. The increase in income from international tourism is also significant, which equaled to about 20% compared to the previous year. Tourism is one of the main sectors of Georgia’s economy, which significantly contributes to the economic growth,” …

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APM Terminals Submits its Design for the Expansion of the Poti Port

APM Terminals Poti and Poti New Terminals Consortium have submitted a conceptual design for the first stage construction permit of Poti port expansion to the Ministry of Economy and Sustainable Development of Georgia. The designs include construction, development and operation of a new breakwater, 700 meters of quay wall for …

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Georgian Keyboard HARY Appeared on the Market

A new keyboard,‘Hary-ჰარი,’that offers customers keys with the Georgian alphabet is now available on the Georgian market, says one of its inventors, Alexandre Andghuladze, in conversation with Bm.ge. The architect Sandro Andghuladze came up with the idea to create this keyboard along with his friends (Giorgi Sharvashidze, Natalia Gabisonia, Nino …

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