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The News in Brief

Wednesday, July 31
Georgian wine among 9 best European wines from non-EU countries

The Independent UK published 9 best European wines from non-EU countries to “help you survive a potential hard Brexit.”

Among the countries like Turkey, Ukraine, Moldova, Switzerland, and Makedonia, two Georgian wines were named: Orovela Saperavi 2008 and Iberiuli Kisi Qvevris orange wine 2017.

“Georgia has an ancient tradition of winemaking which some say stretches back to Neolithic times. Happily, there’s nothing Stone Age about this superlative red wine, made from the indigenous saperavi grape, a hardy variety that’s known for its ability to cope with pretty chilly temperatures. It’s full to the brim with dark and red fruit flavors, complete with satisfying tannins and a long finish,” reads the article.



Speaker of Georgian Parliament meets with the Ambassador of Turkey

The Speaker of Georgia Parliament, Archil Talakvadze met with the Ambassador of Turkey in Georgia, H.E. Fatma Ceren Yazgan. During the meeting, sides discussed bilateral relations, inter-Parliamentary cooperation, and trade-economic ties.

The Ambassador of Turkey once again reaffirmed intact support to territorial integrity and sovereignty of Georgia; sides also discussed the situation in the region and the security challenges.

During the meeting, they also talked about economic cooperation, the business environment in Georgia, and opportunities of Turkish investments.



US Dollar price hits 3 GEL in commercial banks

Two major banks in Georgia, TBC Bank and Bank of Georgia sell 1 US dollar for 3 GEL. On July 30, The National Bank of Georgia set a new exchange rate, according to which, dollar price has become GEL 2,9507. As for the euro, its exchange rate is GEL 3.2889, while the previous rate was GEL 3.2642.

The Deputy Minister of Economy and Sustainable Development, Nikoloz Alavidze, said that “GEL is a free teenager, who is regulated by the market independently. Of course, different factors are affecting it.”
(By Nika Gamtsemlidze)