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Monthly Archives: August 2016

Access Path to the Gergeti Trinity Church to be Repaired

Access Path to the Gergeti Trinity Church to be Repaired

Works have begun to repair the access road to the village of Gergeti, and the pedestrian access path to the Gergeti Trinity church. The Municipal Development Fund has already announced a tender, and the estimated purchase price is GEL 1 630 176. According to the information provided by the Fund, the …

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Current Condition Of Commercial Banks’ Loan Portfolio

The volume of lending by commercial banks (including loans to non-residents) in July 2016 increased by 224.1 million GEL or by 1.4 percent compared to the previous month and constituted 16.6 billion GEL by August 1, 2016 (exchange rate effect excluded it increased by 1.2 percent). The volume of loans …

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Georgia Healthcare Launches Ambulatory Service Clluster in Tbilisi

healthcare

Medical insurance and healthcare provider Georgia Healthcare launched a new ambulatory service cluster on Wednesday in Tbilisi. The Cluster, located in the Didube neighbourhood covering a population of about 140,000, will provide a wide range of outpatient services, including general practitioner and specialist physician consultations, imaging and functional diagnostics, as …

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Current Tendencies Of Bank Deposits

Bank-Deposits

The total volume of non-bank deposits in the country’s banking sector increased by 3.1 percent (exchange rate effect excluded volume of deposits increased by 3.0 percent), or by 448.9 million GEL, compared to July 1, 2016 and constituted 14.8 billion GEL by August 1, 2016. In July, the volume of …

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247 Dead in Italy Earthquake (UPDATING)

247 Dead in Italy Earthquake (UPDATING)

08:38 (GMT+4) At least 247 people died in Italy as a result of earthquake, RIA Novosti reported. 01:50 (GMT+4) Italy’s civil protection agency says death toll in earthquake rises to 159, Reuters reported. 21:29 (GMT+4) Italian Premier Matteo Renzi says the death toll from the quake that hit central Italy has risen to 120, AP reported. 20:33 …

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Aghmashenebeli Avenue Renovation to be Completed by End of September

Aghmashenebeli Avenue Renovation to be Completed by End of September

The renovation process of Aghmashenebeli Avenue, which is being carried out within the framework of the “New Tbilisi” project, is nearing completion. The process includes three core work components: rehabilitation and renovation of buildings; renewal of communications; and According to the Tbilisi Development Fund, the majority of the works, which began …

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Various Facilities to be Built by the Partnership Fund in Tetnuldi

Various Facilities to be Built by the Partnership Fund in Tetnuldi

The development of the Tetnuldi resort is entering a new phase, which includes the construction of essential infrastructure. Prime Minister Giorgi Kvirikashvili has made a statement to this end during a government meeting. According to the Prime Minister, works on the construction of the Kutaisi-Tetnuldi road link and the rehabilitation …

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Streamlining Construction Code and Spatial Planning in Georgia

PMCG, as part of the consortium led by PricewaterhouseCoopers (PwC) Georgia, within the Good Governance Fund (GGF) project, is supporting the Ministry of Economy and Sustainable Development of Georgia (MoESD) to reform the construction code in Georgia. PwC and PMCG are conducting a regulatory impact assessment (RIA) of the spatial …

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Azerbaijan, Kazakhstan, Georgia Mull Cargo Tariffs Reduction

Heads of railway administrations of Kazakhstan, Azerbaijan and Georgia have discussed mutually beneficial cooperation and creation of favorable conditions for cargo transportation with cargo shippers, major operators and freight companies of Kazakhstan in Astana, the press service of Kazakhstan Railways JSC reported. In particular, the sides talked about the reduction …

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