Home / 2016 / July / 14

Daily Archives: July 14, 2016

Three Turkish Companies Keen to Supply Pipes for TANAP

Three Turkish Companies Keen to Supply Pipes for TANAP

The Trans Anatolian Pipeline (TANAP) consortium has received proposals from three Turkish companies via a tender for supply of pipes to build TANAP’s next section, Sabah newspaper reported July 14. The three companies are Borusan Mannesmann, Umran Steel Pipe and the consortium of Emek Boru Steel Pipe, NOKSEL and Erciyas …

Read More »

Group IPM plans to Engage in Green City Project at Tbilisi Sea

Group IPM plans to Engage in Green City Project at Tbilisi Sea

Partnership Fund has signed memorandum of co-understanding with British-Slovak investment group InfraPartners Management (IPM). According to the Fund, InfraPartners Management expressed readiness to cooperate with Partnership Fund in Georgia. Namely, the company is interested to make investments in renewable energy, infrastructure and other sectors of economy. At the first stage,  InfraPartners …

Read More »

Turkish Airlinle Plans to Establish “Rey Airlines” Company in Georgia

Turkish Airlinle Plans to Establish "Rey Airlines" Company in Georgia

Turkish Airline company “Rey Airlines” plans the establishment of the airline company in Georgia. In addition, the company has a big desire to carry out variety of flights from Batumi International Airport. “Rey Airlines”, had negotiations with Tbilisi and Batumi international airports’ main operator “TAV Georgia” and “TAV Holding“, also …

Read More »

EBRD is Supporting Georgia’s Leading Telecoms Company

EBRD is Supporting Georgia’s Leading Telecoms Company

The European Bank for Reconstruction and Development (EBRD) is supporting Georgia’s leading telecoms company MagtiCom with a $100 million loan to improve and expand its broadband penetration in the regions of Georgia. The EBRD financing will enable MagtiCom to acquire the fixed-line broadband internet network platform from the Caucasus Online …

Read More »

In January-June Georgia’s Exports Declined by 12%, Imports Grew by 30%

In January-June Georgia's Exports Declined by 12%, Imports Grew by 30%

In January-June 2016 Georgia’s foreign trade turnover made up 5705 million USD (without unorganized trade), up 20% as compared to the same period of 2015. According to preliminary estimations by Geostat, the national statistics service of Georgia, exports made up 948 million USD, down 12%, while imports marked 4757 million …

Read More »

Millennium Biltmore Hotel to Open in Tbilisi

Millennium Biltmore Hotel to Open in Tbilisi

Millennium Biltmore hotel will open in Tbilisi in the near future. The information was unveiled at the meeting of Georgian first vice prime minister with UAE Nahyan bin Mubarak Al Nahyan. Millennium Biltmor complex will comprise a shopping mall, casino and food outlets. It should be noted that at the meeting …

Read More »

World Recognition – Sairme Wins 3 Golden Medals in Brussels

World Recognition – Sairme Wins 3 Golden Medals in Brussels

Georgian mineral water Sairme has gained world recognition. Sairme is an only Georgian carbonated mineral water that won 3 golden medals in Brussels for the third time. Sairme won The Superior Taste Award, for the first time, in 2013. It should be noted that in June 2016 the jury appraised the …

Read More »