On February 6th the Board of Directors of European Investment Bank (EIB) unanimously approved the financing of Nenskra Hydropower Plant (HPP) project, with a senior loan of US$ 150 million. The EIB, as the EU Bank, is owned by the 28 member states of the European Union and supports the …

“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 …

Georgian kiwi produced by local LTD Nergeta has found favour among Japanese consumers. The tropical fruit grown in Georgia entered Japanese market last year and as it turned out it quickly surpassed its rivals, Maestro declared relaying on Fruitnet.com. Fruitnet.com published an article about Georgian tropical fruit saying that Georgia …

A competitor has appeared to banks in forwards, which will insure monetary risks cheaper to the companies. JSC ForMeti works on a new platform of forwards. According to the company, forward transactions will be made electronically. Private individuals, as well as legal entities will have ability to apply application. Nika …

Banks will be able to create additional buffers of capital without any pain, – considers the Vice-President of the National Bank. He does not expect slowdown of lending by the new regulation. Archil Mestvirishvili says that introduction of buffer of conservation, systemability and contra-cycling is made within the framework of …

The concert of TSU Art and Conservatoire Orchestra was held on the 100th anniversary of Ivane Javakhishvili Tbilisi State University. “Synthesis of symphonic genres and electronic music” is a joint project implemented by TSU Art and Conservatory Student Orchestra. The concert was attended by students, professors and representatives of universities …

One of the major corporations of China is interested in making investments in Anaklia seaport. First vice Prime Minister Dimitr Kumsishvili met with a delegation of China Railway International Group. At the meeting representatives of the Chinese party expressed much interest in making investments in Anaklia deepwater seaport project. The …

Tbilisi City Hall’s municipal office of transport and ecology will be involved in the process of issuing building licenses, Tbilisi Mayor Kakha Kalzde noted at today’s meeting of Tbilisi government. “We are implementing institutional reforms that should be strengthened by due legal changes. We have initiated several legal normative acts …

Since January, another Tbilisi-based gallery has opened called ”Tbilisi Gate Gallery” on Baratashvili 7. What makes it distinguished is that one can attend Live Art, participate in working process and purchase it right away. The authors of the idea are 3 artist friend: Beka Svirava, Irakli Kunchulia and Irakli Chikovani, …

The business ombudsman company responds to the investigation service of the Ministry of Finance in ”Badagoni”. As Irakli Lekvinadze states, investigative activities have not stopped the process of production in “Badagoni” and it is important company to keep this process. According to Business Ombudsman, Prime Minister Giorgi Kvirikashvili ordered him …

Two plants of Badagoni wine company suspended operation on February 7, after the investigators from the Ministry of Finance showed up at the company headquarters in the morning. Officers of Investigation Service of Finance Ministry are studying financial documentation in the framework of a criminal case involving the misappropriation of …

The fourth FIFA World Cup Trophy Tour by Coca-Cola arrived in Georgia on February 8, 2018, giving Georgian fans the chance to experience football’s most coveted prize. The visit of the FIFA World Cup Trophy to Georgia is organized in partnership with the Football Federations of Georgia, the long-term partner …