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Monthly Archives: September 2014

Georgia Improved its Position in the Global Competitiveness Ranking

Georgia has  improved its positions in the World Economic Forum’s Global Competitiveness ranking, moving from 72nd  to 69th position. Rating is based on 12 criteria, which are divided into three sections – the first is  institutional development, infrastructure, macroeconomic environment, health and primary education, the second – higher education, vocational training, goods market …

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In August, Kutaisi Airport Served a Record Number of Passengers

The Kutaisi airport served 24 500 passengers in August 2014, which is a record since its opening. During the summer of 2014, the airport handled 67 174 people. At the same time, due to  the current political tensions in Ukraine,  flights to Donetsk, Kharkiv and Lviv were temporarily suspended at  the  Kutaisi international airport.

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10 Banks Appropriated Property Worth GEL 86 Million in the First Two Quarters of 2014

During 2014 the number of records in the debtor’sregistry increased by 33 000 – if in 2013 in total  94474 people were listed  in the registry, and as of September 1, 2014 – 127 503. Since 2010, malicious defaulters on bank debt are recorded in a single database of debtors, and everyone who is in this  list is denied the right to dispose the  property, then with high probability it …

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World Famous Casino Brand Enters Georgia

The world famous  casino brand will enter  Georgia in the near future. Negotiations are already underway with the company – the Deputy Economy Minister Keti Bochorishvili told commersant.ge, however, declined to disclose further details at this point. As reported, Spanish businessmen expressed their interest in the gambling business in Georgia. The MP Zurab Tkemaladze …

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Anaklia IEP Holding to Build a Power Plant in Armenia

Georgian company “Anaklia IEP Holding” has announced its intention to invest $ 600 million in the construction of  a power plant in Armenia, which tentatively will be put into operation in 2018. In parallel, the same company declares its interest in the project of building a deep-water seaport in Anaklia, which will …

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