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Daily Archives: June 23, 2016

Saving In REAL Estate Is REAL In Georgia

Sascha Ternes

Buying Stocks, opening savings accounts – People with some extra money now can find an alternative usage of their finances and invest in real estate. Dr. h.c. Sascha Ternes, Managing Partner/Founder of TERNES Real Estate Fund, speaks about the benefits this world-famous investment practice has to offer and what change …

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New Swimming Pool to Open in Borjomi

New Swimming Pool to be Opened in Borjomi

In Borjomi, 2301 square meters of land and existing swiming pool was handled the ltd. medical-sports and fitness complex “OLYMP” at a price of 50 000 GEL. According to the government, the company has to arrange a swimmig pool at least enough for 40 people. For this purpose, minimum 1 …

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Vassil Khorava: Georgia’s Oil Products Market is Very Competitive

Georgia’s oil products market is very competitive”, Wissol company director general Vassil Khorava told the Business Contact. Over the past months oil prices are rising at global oil exchanges and therefore, oil products prices were revised in Georgia too. The Competition Agency has not passed a decision on the case …

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Credit Suisse Geneva Banker Said to Send Client Funds to Wife

The Credit Suisse Group AG wealth manager at the heart of a trading scandal told prosecutors in interviews that he took clients’ money and moved it into personal accounts in Monaco and Dubai, according to four people with knowledge of the investigation. The banker, who can only be identified as …

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Government Suspends Part of Works at Khudoni HPP Project

Government Suspends Part of Works at Khudoni HPP Project

The government has ceased certain works of the Khudoni HPP project temporarily. The works have been suspended because of the  ongoing negotiations with the International Monetary Fund (IMF) over tariff policy revision issues, Deputy Energy Minister Ilia Eloshvili told the Business Contact that: “Negotiations with the IMF should be completed. …

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Lasha Papashvili to Introduce New Global Brand to Georgia

Lasha Papashvili to Introduce New Global Brand to Georgia

Businessman Lasha Papashvili plans to introduce a new global brand to Georgia, after Hilton. We manage a diversified portfolio that mainly consists of projects oriented on the medium class, Lasha Papashvili, founder of Redix company, told the Commersant. There was no branded hotel in Vake District and we have decided …

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