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Daily Archives: February 25, 2019

Kerten Hospitality – Operator of International Hotels Enters Georgia

Kerten Hospitality, operator of international hotels has entered Georgia. According to BMG, two hotels will open in Tbilisi and Kvareli under the management of Kerten Hospitality in 2019 and 2020. Namely, a 17-suite hotel will open in Tbilisi and 80-suit hotel will open in Kvareli. “Kerten Hospitality is interested in …

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Austrian Director Sponsors Film on Tusheti with 31 000 EUR

The Austrian director has allocated 31 thousand euros from his budget for filming the film on Georgia. The film director Reinhard Fostinger gives details about a film, and it turns out the main focus will be made on Tusheti region and its tourism potential. “I traveled to Georgia about 16 times. …

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Legalhub- New Co-Working Space for Lawyers Opened

Legalhub is a newly opened co-working space. Everyone can use it as an office, but founders focus on lawyers. They say that they want to create a kind of legal community where they will establish close professional connections, share experiences or new trends and develop more. 12th km of Aghmashenebeli …

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Prime Minister: Current Account Deficit is Key Source of Poverty

The current account deficit is one of the key sources of poverty in Georgia, Georgian Prime Minister Mamuka Bakhtadze noted. The narrowing deficit in balance of payments is one of the reasons why Fitch rating company has improved Georgia’s credit rating, Prime Minister Mamuka Bakhtadze noted. “We have managed and …

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New program to build and upgrade 100 km of East-West Highway

Georgia will be better connected to the EU and enjoy safer travel conditions within the country thanks to financial and technical aid from the EU. On 19 February, the European Investment Bank (EIB) and other EU institutions announced their support for a wide-ranging programme of transport infrastructure upgrading, approved by …

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Fitch Upgrades Georgia’s Sovereign Rating to ‘BB’

Fitch Ratings has upgraded Georgia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB’ from ‘BB-‘. The Outlook is Stable. KEY RATING DRIVERS The upgrade of Georgia’s IDRs reflects the following key rating drivers: The Georgian economy proved resilient to negative developments in 2018. Economic growth remained robust, the currency was …

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Georgian Psychiatrist Wins US Everyday Hero Award

Irakli Mania, the seeds for becoming an addiction psychiatrist were planted halfway around the world in Georgia. He said the country’s crumbling economy fostered an environment that led many of his peers to crime and drug abuse. “I felt helpless,” he said. Mania has spent the past 10 years helping …

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Georgian National Museum Presents Exhibition Evolution & Decadance

Georgian National Museum presents the exhibition Evolution & Decadence by Sandro Dalakishvili and Nina Pery at Tbilisi History Museum. Multimedia exhibition Evolution & Decadence unites a sculptural installation, drawings, and graphical works. Shared worldview led the artists to focus on one of the most urgent topics of our time and …

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