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Daily Archives: May 18, 2016

Investment of 18 Million Will be Made in Hotel Construction in Batumi

Investment of 18 Million Will be Made in Hotel Construction in Batumi

Company House in Alley began hotel construction in Batumi. This is the first project within the frame of development concept of Heroes’ Alley. The company will place 105 room hotel, 300 residential apartments, commercial spaces, SPA centers, the restaurants (“Lounge”, a bar, cafe, pub) and entertainment center (cinema) at the area …

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Liberty Bank Announces Unaudited IFRS-based Q1 2016 Results

Liberty Bank Announces Unaudited IFRS-based Q1 2016 Results

JSC Liberty Bank (the “Bank”) continues its business in its usual course. The Bank has recently published its Q1 2016 financial results which show that the Bank is maintaining high profitability (the Bank reported the net income of GEL 7.8 mln, ROAE – 23.05% annualized and ROAA – 2.03% annualized). …

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18 million will be Invested on Hotel Construction in Batumi

18 million will be Invested on Hotel Construction in Batumi

Investment of 18 million will be made in hotel construction in Batumi.  The company “House in Alley” began hotel construction process. This is the first project within the frame of development concept of Heroes’ Alley. The company will place 105 room hotel, 300 residential apartments, commercial spaces, SPA centers, the …

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Germany to use Georgian Corridor for Asian Cargo Transportation

Germany to use Georgian Corridor for Asian Cargo Transportation

German Railway Operator Deutsche Bahn will use Georgian Corridor for Asian cargo transportation. The agreement between Georgian Railway and Deutsche Bahn has been signed on Thursday. Mamuka Bakhtadze, general director of “Georgian Railway” considers the agreement as essential, who has declared about it at the 64th  session of Administrative Council of …

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Lado Gurgenidze Names 8 Necessary Reforms for Georgia

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Georgia’s former Prime Minister Lado Gurgenidze does not intend to participate in the political life of Georgia. He has published the list of eight necessary reforms that, to his thought, should be carried out in Georgia. “Yesterday one of the online news agencies spread information as if Giorgi Vashadze intends …

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First Aid Kit Value Declines by 15.1% in April

FirstAidKit

The Healthcare Platform organization has published the list and prices of the first aid drugs. The report was composed as part of the Pharma Monitoring project. The Healthcare Platform has already published March and April reports on medicine chests for baby, family and children. The price of first aid medicine …

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TAP to Be Able to Transport More Gas

Trans-Adriatic-Pipeline

The design if the Trans Adriatic Pipeline (TAP) is flexible, which will enable it to transport more gas, and therefore contribute to an even greater extent to Europe’s energy security and diversification, Ian Bradshaw, Managing Director at TAP AG said in an interview with Trend on May 16. He mentioned …

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