The FINANCIAL

Trade Liberalization with the EU to Increase GDP in Georgia by 4.3% Minimum

The FINANCIAL -- An impact assessment study has estimated that trade liberalization with the EU will result in an increase of GDP in Georgia of no less than 4.3% per year, a rise in exports by a significant 12.4% and increase of imports by 7.5%. Boris Iarochevitch, Deputy Head of the Delegation of the European Union to Georgia, said that the EU is and will remain for Georgia an important ...

Duty Free Tbilisi has 40% Sales Increase in 2013

The FINANCIAL -- There has been a 40% increase in sales in Tbilisi Duty Free compared to the same period of last year, from January to November. One of the reasons for this significant increase is ...

Gudauri Hotels Raise Prices Due to Increased Demand

The FINANCIAL -- Hotel owners in Gudauri, the most popular ski resort in Georgia, are raising prices on hotel accommodation due to increased numbers of tourists from Ukraine and ...

InterContinental: Travel to Jordan from the New Year

The FINANCIAL -- Ring in the New Year in Jordan, one of the New Seven Wonders of the ...

Georgia Bets on Ukraine; Country expects 100 percent growth in number of Ukrainian tourists

The FINANCIAL -- Despite the current disturbances in Ukraine, Georgia is expecting a great number of Ukrainian tourists to visit its winter ...

Bringing Insurance Culture to Georgia

The FINANCIAL -- Increasing demand for travel insurance and its development are one of the key tasks of Aldagi Insurance Company for the year 2014. Sales numbers of travel insurance packages ...

Personal Privacy at Risk under Government

The FINANCIAL -- Mobile phone users who have sold their devices on to new owners or are going to sell them are at risk of potentially sharing their personal information unknowingly with the ...

Most Wanted Gifts for New Year 2014

The FINANCIAL -- With the special New Year period rapidly approaching, The FINANCIAL decided to take a look at which children’s toys have the highest chances of ending up under the tree this ...

Internet the Main Source for Getting Information

The FINANCIAL -- The number of internet subscribers in Georgia has increased by nearly 70% according to the 10 month data of 2013, compared to the year ...

Bank of Georgia Doubling its Social Responsibilities

The FINANCIAL -- Bank of Georgia is doubling the budget of its social responsibility project Fund of Future for 2014. GEL 2.3 million will be issued for the purpose of carrying out all of its social ...

Interest Rates on Deposits Reduced, Credit Still Expensive

The FINANCIAL -- Georgian banks have cut interest rates on deposits by almost half. Consumers’ expectations that such a reduction will automatically reduce interest rates on loans are not being ...

Fule: EU ready to Provide Financial Aid to Ukraine for Association Deal

BRUSSELS - The European Union is ready to provide financial assistance to Ukraine for the implementation of the Association Agreement, European Commissioner for Enlargement and European ...

Georgia to Host more than 6 Million Tourists in 2014

The FINANCIAL -- The number of international travellers in Georgia will exceed 6 million in 2014. This year Georgia has had 26% growth of tourism and was named the star performer by the World Tourism ...