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Monthly Archives: February 2016

EBRD Discusses Funding of Solid Waste Collection Project in Georgia

EBRD Discusses Funding of Solid Waste Collection Project in Georgia

European Bank for Reconstruction and Development (EBRD) discusses allocating a 10 million EUR loan for Georgia for the development of a Solid Waste Collection Project. According to EBRD, international donors will allocate additional 5 million Euros. The project will fund acquisition of waste collection vehicles, containers and other necessary inventory. …

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New Income Tax to be Launched on July First this Year

New details regarding Georgia’s  income tax reform  have become known. Finance Minister said after the Cabinet Meeting that the reform would  not apply to banks, insurance companies, micro-finance organizations, entrepreneurial individuals and non-profits. When asked by CBW on the income tax exceptions criteria, the Finance Minister said that these sectors do not really …

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Gallery Tbilisi Shopping Mall Will Open in 2017

Galleria Tbilisi

A new multi-functional center will open in place of the former “Tbilisi” store in September, 2017. Co-Investment Fund announced this on Thursday during the official presentation of the project. Giorgi Bachiashvili, executive director of the Fund notes, that the Fund makes 100% investment in the project and its total investment volume …

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Humanity- Georgia Copes with H1N1 Virus in Georgia

Pharmaceutical company Humanity-Georgia continues its activities to prevent H1N1 virus in Georgia with the constant supply of drugs to primary healthcare centers. The company yesterday supplied Family Medicine Center Meds, with humanitarian aid of drug “SantaCold”. According to general director of Humanity-Georgia Andrey Kuzma, opening of twenty-four hour service centers …

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World Famous Companies with A Huge Experience and Financial Potential Represent AlphaMedic

AlphaMedic Consortium Represented by the World’s Famous Companies with Huge Experience and Financial Potential

AlphaMedic Consortium plans to invest about 0.5 billion USD in rehabilitating three hospitals in Tbilisi, namely Tbilisi Children’s Infectious Clinic Hospital, the former Republican Hospital and the Universal Medical Center (the former oncology center). Under the medical clinics development project, three companies had submitted proposals for the government-announced tender. However, …

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2 Billion GEL Will Be Written off to Taxpayers

Taxpayers, who do not have activities, more than 2,033 billion GEL will be written off within the frame of tax reform. Namely, accrued and unpaid debt until January 1, 2011 (1,410,407,433 GEL will be written off to 69 700 entities ), penalties imposed on accrued debt until January 1, 2013, …

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Nikoloz Chkhetiani to Head Supervisory Board of Cartu Bank

Nikoloz Chkhetiani will head Cartu Bank Georgia and its Supervisory Board. Chkhetiani has become the third member of the Board in both companies, which has become vacant after George Liluashvili ( former chairman of Supervisory Board and general director of the bank) has left the position. He became deputy mayor of Tbilisi. …

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TBC Bank Becomes Partner of Tbilisi Opera House

TBC bank became partners with Tbilisi State opera house today, an agreement signed between  two parties aims at promoting Georgian ballet and implement several cultural and social events. TBC bank fully supports culture sector in Georgia. We are honored to work with such prominent stars as Nino Ananiashvili and other …

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Top 7 Valentine’s Day Getaways in Georgia

Tbilisi Romance

Valentine’s Day, over the years, has become a truly international celebration of romance including Georgia. And you can certainly find great places to celebrate in our country. Here are our top seven “getaway” places in which to celebrate Valentine’s Day… 1. Sighnaghi: The City of Love The city is known for …

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BP expects gas output from Shah Deniz to remain high

BP expects gas output from Shah Deniz to remain high

BP expects production from Azerbaijani Shah Deniz field to continue at high level in 2016, BP’s Regional President for Azerbaijan, Georgia and Turkey, Gordon Birrell told in an interview to Natural Gas Europe. “Shah Deniz continues its good production delivery. In 2015, the field provided reliable deliveries of gas to …

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