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Daily Archives: March 13, 2019

The Volume of Pension Fund Reached 100 Million GEL

The volume of pension fund reached 100 million Georgian Lari. First Channel was informed about the amount by the pension agency. Part of the funds are currently on deposits of commercial banks, while part of them on National Bank account. In the case of the National Bank, the annual interest …

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UNO Names 26-Year Old Ninutsa Nanitashvili Among Innovative Women

UN Women Organization named Ninutsa Nantitashvili among the leading Innovator Women of Europe and Central Asia. Ninutsa Nantitashvili was 18 years old when she became the first Georgian woman to join Google’s team of developers. She later founded Women Techmakers, a company that supports women’s involvement in technology development. 26-year-old …

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Georgia to Open Embassies in UAE and Vietnam

Georgian Prime Minister Mamuka Bakhtadze said Tbilisi plans to open its embassies in the United Arab Emirates and Vietnam in the course of 2019.  Announcing the move, PM Bakhtadze said the decision was taken with view to enhancing economic cooperation with “rapidly-growing economies of the Gulf and Asia.” “Georgia’s more …

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Ujapo to Introduce Sliced Pineapple and Mango Next Week

Ujapo company plans to introduce sliced pineapple and Mango to the market the next week, the company founder Giorgi Toronjadze noted. At this stage, the company offers sliced and packed carrot and pomegranate. The demand for the mentioned products is growing, Toronjadze said. In about 6 weeks fruit stands will …

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The Value of Credits in Georgia – International Experience

Where can we find or borrow money which would be easy to return at the lowest interest rates? Are there, anywhere, similar creditors? It turns out that similar creditors do genuinely exist. It is a widespread practice in many  countries, where central banks issue loans to commercial banks with the …

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Women Need Technology and Technology Needs More Women

My name is Nino and I’m from Georgia. I’m a tech enthusiast and a community builder. I lecture students at ISET school of economics and manage the Innovations Support Fund, a local non-profit organization, founded by me and my friends to promote innovative thinking and tech-enabled transformation. I lead the Google Developers Group …

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Foreign Direct Investments in Fishing Industry Grows by 29%

Foreign direct investments in agriculture sector and fishing industry have increased by 29%. According to preliminary indicators, in the fourth quarter of 2018, FDI inflows in agriculture sector and fishing industry made up 4.9 million USD, up 1.9 million USD (+62.4%) year on year. Over the past 3 years FDI …

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