World

German FDI Possibly to Exceed USD 100 Million in Georgia

The FINANCIAL -- German FDI in Georgia might exceed USD 100 million if current plans are realized. The most attractive sectors for German investors are: construction goods, agriculture, logistics and renewable energies. Russia remains the main external risk for Georgia. For western investors though, this is mainly a secondary issue since most investments are not linked to ...

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Have Your Say: Tourists in Tbilisi

The FINANCIAL -- In total 1,790,774 international visitors came to Georgia during the first five months of 2014. The figure is 83,977, or 5%, more than it was in the same period of the previous ...

At least 22 European banks expect to raise capital following the AQR

The FINANCIAL -- Most European banks believe they’ve raised enough capital to weather the Asset Quality Review (AQR) and stress test, but, in an anonymous poll of 294 banks across Europe, 22 said ...

Business Registration in Georgia Increased by 10 Percent

The FINANCIAL -- An almost 10 percent increase was observed in registering business in the first quarter of 2014 compared to the same period of 2013, according to official data provided by the ...

Gulf Georgia Aiming for Leadership in Premium Fuel Segment

The FINANCIAL -- Gulf Georgia has started issuing a premium segment fuel - G-Force, which decreases friction and cleans engine deposits. The new product is believed to be increasing the market share ...

Business Registration in Georgia Increased by 10 Percent

The FINANCIAL -- An almost 10 percent increase was observed in registering business in the first quarter of 2014 compared to the same period of 2013, according to official data provided by the ...

The European Fund for Southeast Europe Invested EUR 18.5 Million in Georgia in 2014

The FINANCIAL -- According to research by KPMG, the average effective interest rate for SMEs’ investment loans in Georgia stands at 12.8 percent, whereas in the neighbouring Azerbaijan and Armenia ...

Bank of Georgia Launches VEGA Startup Lab

The FINANCIAL -- With GEL 200,000 Bank of Georgia has launched a startup business investment project - VEGA Startup Lab. Applicants with creative business ideas who are selected for the project will ...

IHG: We Want to Be the Market Leader in Georgia

The FINANCIAL -- Russia, the CIS and Georgia is a priority market for InterContinental Hotels Group (IHG) and the company’s long-term strategy for this market has not changed due to the unrest in ...

Ministry of Economy: Georgia Not Ready for Euro Level Vehicle Emissions

Georgia is economically unprepared to switch to European emission standards in a short-term perspective. Meanwhile, the country is 68th out of 124 countries by pollution index. Over 90% of cars ...

Ministry of Economy: Georgia Not Ready for Euro Level Vehicle Emissions

The FINANCIAL -- Georgia is economically unprepared to switch to European emission standards in a short-term perspective. Meanwhile, the country is 68th out of 124 countries by pollution ...

Tumultuous History Reflected in Georgia’s National Cuisine

The FINANCIAL -- A country which has struggled a lot in its past - this is how the French Michele Haines characterizes Georgian cuisine. Haines, who has volunteered in more than twenty countries as a ...