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Daily Archives: April 4, 2016

Taxi Drivers Obliged to Meet Standards and Pass Registration starting 2017

Starting 2017 taxi drivers will have to meet certain standards and pass registration. Tbilisi Vice Mayor Irakli Lekvinadze told reporters that the Tbilisi government has developed an early document for regulating this field. “Our municipal offices have been actively working with the field specialists to regulate this sector. Both Tbilisi …

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2016 Will Be Another Challenging Year of Growth for Georgia: Fitch Ratings

Georgian Market

Fitch Ratings has affirmed Georgia’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BB-‘ with Stable Outlooks. The issue ratings on Georgia’s senior unsecured foreign- and local-currency bonds are also affirmed at ‘BB-‘. The Country Ceiling is affirmed at ‘BB’ and the Short-term foreign-currency IDR at ‘B’. Key …

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Georgia-Israel: Economic Perspectives and Cooperation Mechanisms

Israel is one of the exemplar countries in the world, where Georgian officials could find many interesting practices to implement in Georgia. Israel has been fighting against terrorism since its very foundation. Despite continuous state of war, the country has developed one of the strongest economies worldwide. Despite tight relations …

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Tbilisi City Hall to Arrange 12 Underground and Aboveground Parking Places

Tbilisi City Hall to Arrange 12 Underground and Aboveground Parking Places

Tbilisi City Hall plans to announce an interest expression procedure for arranging parking places in the capital city. Tbilisi Vice Mayor Irakli Lekvinadze noted aboveground and underground parking places will be arranged on 12 locations in the capital city. “In the near future we will announce an interest expression procedure …

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Tbilisi Mayor: Tbilisi Bypass Railway Project will Go on

Tbilisi Mayor: Tbilisi Bypass Railway Project will Go on

Tbilisi Mayor David Narmania assures that the Tbilisi bypass railroad project will be continued definitely. Initially, public discussions will start after the group working on city development general plan submits a due conclusion. “The general plan development group that operates at the city hall will complete the conclusion soon. The …

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Seven Companies Submit Offers for Delivery of New Buses

Seven Companies Submit Offers for Delivery of New Buses to Tbilisi

Seven companies have submitted offers for importing buses to Tbilisi. Tbilisi Deputy Mayor Irakli Lekvinadze noted the process of accepting tender proposals has been completed and the winner company will be named till May 2016, while new buses will be conveyed to Tbilisi in September 2016. European and Ukrainian companies …

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Will Societe Generale Withdraw from Georgia?

Does Hualing Group Plan to Buy Billionaire Bank? „I would take every my efforts, apply all leverages to maintain this major bank group in the Georgian market. The Government, the regulatory body should take maximum efforts in this case”, Bank Republic founder Lasha Papashvili noted. In due time Lasha Papashvili …

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