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Tag Archives: Dimitri Kumsishvili

Sheraton Hotel in Tbilisi will be Reopened in September

The 5-star Sheraton hotel will be reopened in Tbilisi, Georgia, in September after a three-year closure. The Minister of Economy of Georgia Dimitri Kumsishvili discussed the hotel opening issue during a meeting in Dubai with Sheikh Saud Bin Saqr Al Qasimi. According to the minister, the hotel renovation will cost …

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Ras-Al-Khaimah to Launch Ceramics Production in Georgia

Dimitri Kumsishvili, First vice prime Minster of Georgia and Minister of Economy of Sustainable Development, has met with Sheikh Saud Bin Saqr Al-Qasim, Emir of Ras-Al-Khaimah Emirate. Ras-Al-Khaimah is one of the major investors in Georgian economy with the support of Rakia state investment agency. it has invested more than …

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Georgia and Israel to Increase Trade Turnover up to 1 billion USD

Israel-Georgia

Minister of Economy of Georgia Dimitri Kumsishvili has met with Minister of Economy and Industry of Israel Eli Cohen as part of this visit to Israel. At the meeting the parties discussed key directions for deepening bilateral trade-economic relations. The parties agreed to increase Georgia-Israel trade turnover. “We have very …

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AYFB: Developments around RMG Gold Give Negative Signal to Investors

Association of Young Financiers and Businessmen (AYFB) expresses confusion regarding the recent developments around RMG Gold. Namely, 13 political parties demand for abolishing auction for 16 hectare land nearby LLC RGM Gold in the village of Didi Dmanisi. According to representatives of these political parties, this is an illegal auction …

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2 Million Grant for Startupers – World Bank Project in Georgia

First Deputy Prime Minister, Minister of Economy and Sustainable Development Dimitri Kumsishvili and World Bank Regional Director in the South Caucasus Mercy Tambon participated in the official presentation of the Co-financing grants Program. This program is implemented within the framework of the World Bank’s Project “National Innovations Ecosystem” (GENIE). Its …

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Development of Fiber Optic Cable of Europe-Asia is Considered via Georgia

Development of Fiber Optic Cable of Europe-Asia is Considered via Georgia

Georgia and Turkey will discuss development of Europe-Asia fiber-optic cable highways. Dimitri Kumsishvili raised the initiative with the Turkish counterpart. “Development of fiber-optic cable networks of Europe and Asia via Georgia and Turkey is one of the priority issues in our countries’ agenda”, – Ahmet Arslan, First Vice Prime Minister …

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Mercedes Vera-Martin: Georgia’s Economy is Growing Faster than we Expected

Mercedes Vera-Martin: Georgia's Economy is Growing Faster than we Expected

“We see that Georgia’s economy is growing faster than we expected. We will provide updated information on the economy and economic growth rate of Georgia to our head office”, – Mercedes Vera-Martin, head of the International Monetary Fund (IMF) mission for Georgia announced after the meeting with Dimitri Kumsishvili. According to …

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Adventure Tourism School Opened in Gudauri

Adventure Tourism School opened in Gudauri. The school aims at professional training of staff (hiking, alpine, skiing) in the field of adventure tourism and other related activities, which will create a system that will increase security in Georgia. “The school of adventure tourism was officially opened at an altitude of …

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