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Daily Archives: December 10, 2015

TeliaSonera Holding Asset – Sale Talks

TeliaSonera Holding Asset - Sale Talks

TeliaSonera, the owner of Geocell, confirms asset- sale talks with Turkcell. However, the letter sent to CBW by the Swedish companyreads  that talks are under way with other companiesand a final decision has not been made. Last month Bloomberg reported that Turkcell intended to gain control of Fintur, which runs mobile businesses …

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Kazakhstan Sells Oil Terminal and Network of Filling Stations in Georgia

Kazakhstan Sells Oil Terminal and Network of Filling Stations in Georgia

The Kazakh side sells part of its assets in Georgia – in particular, the Batumi oil terminal and a network of filling stations Rompetrol – Urimzak Shukeyev, Chairman of the National Welfare Fund, states. According to him, KazTransGas intends to sell non-core assets in Kazakhstan and Georgia. Batumi Oil Terminal is …

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IMF is Concerned About the Fiscal Risks of Georgia

IMF: Georgia is Expected to Have Better Growth Figures than Other Countries in the Region

International Monetary Fund (IMF) is concerned about the fiscal risks of Georgia. The issue is considered in the statement disseminated by the Fund.  The Fund regards, that such risks should be managed carefully. “Fiscal risks from government guarantees—including those to backstop power-purchase agreements to encourage hydropower investment—should be managed carefully to …

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UEFA Standard Stadium of the 3rd Category to be built in Zugdidi

Zugdidi Stadium

Construction of new stadium has started in Zugdidi. According to Samegrelo – Zemo Svaneti Administration, the new stadium is designed in line with the UEFA Standard Stadium of the 3rd Category and for 7 233 spectators. The stadium will have a stadium will have a spare field, which is for …

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Azerbaijan is the Biggest Investor for Georgia

Azerbaijan Georgia

Direct foreign investment of  173 million USD has been made from neighboring countries in Georgia, which is 35% of the total investments. Major share of investments are related to the  works carried on expending of Baku – Tbilisi – Erzurum gas pipeline, which is a part of the second phase …

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Human Rights Day 2015

Human Rights Day is marked annually on 10 December to commemorate the day in 1948 when the United Nations adopted the Universal Declaration of Human Rights. A milestone document in the history of human rights, it sets out, for the first time, fundamental human rights to be universally protected. What …

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