World

flydubai’s New Business Class Already in High Demand

The FINANCIAL -- An innovative vision of business class is being presented by flydubai, one of the world’s leading airlines. Comfortable seats, three options for communication with the company (by phone, text message or email), VIP transfers, home delivery of luggage in the event of a delay - these are the new services being offered to business class customers of ...

Ukraine: EU agrees targeted sanctions amid continued efforts to broker political solution

The FINANCIAL -- EU foreign ministers agreed to introduce targeted sanctions against those responsible for the violent crackdown in Ukraine, saying the EU was appalled and deeply dismayed by ...

Socar – Top Oil Importer of 2013

The FINANCIAL -- The import and consumption of diesel is increasing in Georgia, according to statistics provided by the Association of Oil Product Importers and Distributors. In total 376,636 ...

Bank of Georgia Invests Almost GEL 3m in Establishing its University

The FINANCIAL -- With over 2.5-3 million GEL Bank of Georgia has established Bank of Georgia University, which will be accepting its first 50 students in its Master’s programme in September of the ...

Monitors, in Kyiv, strongly condemn violence in Ukraine

The FINANCIAL -- The co-rapporteurs for the monitoring of Ukraine by the Parliamentary Assembly of the Council of Europe (PACE), who have just arrived in Kyiv at the start of a four-day ...

Card Payments on the Rise in Georgia While Less Popular in Azerbaijan and Armenia

The FINANCIAL -- The number of transactions made within the Georgian economy with payment cards issued to residents as of the end of December 2013 was 7,337,988; the total value of the ...

Georgia to Resume Financing the Country’s Promotion in 2014

The FINANCIAL -- In 2014, Georgia will participate in 18 international exhibitions and will spend GEL 9 million on marketing activities across 12 different countries. The budget of Georgia’s main ...

Bank of Georgia Future Foundation to Allocate GEL 1 million for Disabled Children

The FINANCIAL -- Bank of Georgia Future Foundation has announced its first grants contest with the aim of providing assistance to disabled ...

Seven Business Associations Join Against Legislative Impediments

The FINANCIAL -- The Georgian political climate is considered to be in a state of tension which is preventing businessmen from investing in Georgia. The harassment of opposition-affiliated ...

GEL Devaluation Has Increased Cost of Living in Georgia by 3%

The FINANCIAL -- After more than two months of its devaluation the Georgian Lari has started steadying towards foreign currency, varying from 1.72-1.73 towards the USD down from ...

German Investors Shifting to Georgia from Ukraine, Russia and Turkey

The FINANCIAL -- The Georgian market is becoming more attractive to the German business sector, investors visiting Georgia say. Up to 100 new German companies are entering the market this year. ...

Who Cares About the Georgian HealthCare System?

The FINANCIAL -- There is no up-to-date general assessment of the performance of the Georgian healthcare system; the current expertise in healthcare programmes, including what is financed by the ...

Russia Remains Leader of Remittances to Georgia

The FINANCIAL -- In January 2014, the volume of money transfers from abroad constituted USD 98.7 million (GEL 173.6 million), which is USD 4.6 million (GEL 8.0 million), or 4.9 percent more than the ...