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Daily Archives: May 17, 2016

Big Part of TAP Financing May Include Commercial Lenders

The Trans Adriatic Pipeline’s (TAP) project financing continues to progress according to the schedule, Ian Bradshaw, Managing Director at TAP AG said in an interview with Trend on May 16. “TAP expects to secure funding from a number of multilateral institutions, such as the European Bank for Reconstruction and Development …

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Freco to Start Potato Fries Enterprise in Akhaltsikhe

Freco to Start Potato Fries Enterprise in Akhaltsikhe

Freco company plans to set up food products enterprise to produce at least 150 tons of potato fries. To this end, the National Property Agency has transmitted a 1386 square meter land plot and buildings in the village of Muskhi, the Akhaltsikhe District to Freco for a symbol price of …

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Georgia Receives $94.8m From 12 Donor Countries

Russia Ranks First in Terms of Money Transfers to Georgia

Money transfers have increased in the month of April too. The country has recorded 94.8 million USD inflows from abroad (03/16 – USD $90.7; 02/16 USD $79.9; 01/16 – USD $66.6). As to year on year correlation, a 4% y/y growth was registered for the first time. In April 2015, the …

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