Daily Archives: November 9, 2017

Georgia was Granted with Status of First Fab-Country

TBILISI(BPI)- In the 11th Fab Conference, Georgia was mentioned as a Fab Country and there are now 22 Fab Labs throughout the country. Modern and developed world is facing many challenges: environmental pollution, crowded cities, consumption of natural resources, etc. Fab City is a global initiative to solve the problems which were mentioned above. It is a new urban model ...

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New Investment Instrument Goes to G&T Trader

TBILISI(BPI)_In September 2017 Galt&Taggart enabled its clients through G&T Trader platform to make investments in investment instruments attached to Bitcoin price. Starting today Galt&Taggart offers investment instruments built on Ethereum price. Taking into account the clients’ growing interest in cryptocurrency, Galt&Taggart has added two new investment instruments to G&T Trader: Ethereum Tracker One and Ethereum Tracker EUR, which are investment ...

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Government Approves Changes to Enterprise Georgia Program

TBILISI(BPI)- Government of Georgia has made changes to Enterprise Georgia state program. The package of amendments was approved at the November 8 government meeting. After the meeting Marina Morgoshia, head of Enterprise Georgia agency of Ministry of Economy told reporters that the package of amendments will enhance the interest toward the program and enable the current beneficiaries to further advance ...

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EBRD has Increased Georgia’s Economic Growth Forecast

TBILISI(BPI)- The European Bank for Reconstruction and Development is expecting  (EBRD) 4,5% economic growth in Georgia this year, which is a 0.6% increase compared with previous forecast. EBRD is expecting one of the highest growth in Georgia among Eastern Europe and the Caucasus region. The current year’s forecast for the region is as follows: Armenia 3,5% Azerbaijan – -0,5% Belarus – ...

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New Mayor Promises to Simplify Issuance of Construction Permits

TBILISI(BPI)- Kakha Kaladze, new Mayor of Tbilisi, has met with about 30 representatives of construction and development companies. Besides technical regulations, at the meeting the parties also discussed bureaucratic barriers at Tbilisi City Hall. Issuance of building permits takes a long period, while decisions are made easily in case of distinct companies, the private sector representatives noted. Kakha Kaladze recognized ...

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The first Hydropower Plant in Georgia to be Rehabilitated

TBILISI(BPI)-JSC “Georgian Energy Development Fund”, together with the Ministry of Energy, Culture and Monument Protection, takes part in the rehabilitation project of the Hydropower Plant in Borjomi Municipality Mineral Water Park. After granting the status of the Industrial Cultural Heritage Monument to the project, the issue of restoration was put on the agenda. Borjomi Hydropower Plant was the first hydro ...

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