Daily Archives: September 23, 2016

Wizz Air Starts Direct Flights From Georgia to 7 Destinations

Wizz air Georgia

Wizz Air launched flights to seven new directions from Georgia, starting from September 23, flights include Berlin Schoenefeld, Dortmund, Larnaca, Milan Malpensa, Munich Memmingen, Sofia, Thessaloniki. Today Hungarian budget airline Wizz Air festively opened its 25th base at Kutaisi International Airport. This was the airline’s first base in the country and the …

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It’s Time To Transform Commercial Banks into Investment Banks in Georgia

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“It’s right time to transform commercial banks into investment ones in Georgia,”President’s economic advisor, told the Business Contact. Maia Melikidze has evaluated the acquisition of Bank Republic and stated that market still remains two large players such as TBC and Bank of Georgia. As for her for the better growth of the country, …

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Tbilisi State University Has A New Chancellor

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Tbilisi State University has selected Giorgi Sharvashidze a former Deputy minister of the Ministry of Education and Science of Georgia as a new chancellor. Three candidates including Giorgi Sharvashidze, philosopher Giorgi Baramidze and Professor Tsira Baramidze took part in elections. Giorgi sharvashidze gained 21 voices while Giorgi Baramidze and Tsira …

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HPP Cascade to be Built on the River Tekhura

HES Cascade to be Built on the River Tekhura

Construction of  cascade of hydro power stations has started in Martvili municipality. The project is implemented by Tekhura Energy. Construction of 5-level hydro power station is envisaged on the river Tekhura, which total installed capacity amounts to 1112,39 mgwt, namely: 1. Lechekha HES (22,95 mgwt); 2. Erjia HES (30,16 mgwt); 3. …

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BP Reveals Cost of Contracts on Azerbaijan’s Biggest Gas Project

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Contracts worth about $18 billion have been signed so far within the second phase of the development of Azerbaijan’s Shah Deniz gas and condensate field and the expansion of the South Caucasus pipeline, said a message from BP, an operator of these projects. The company organized a press tour Sept. …

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More than 60% of Georgian Banking Sector is Traded Under Premium Listing

More than 60% of Georgian Banking Sector is Traded Under Premium Listing

Receive of TBC Bank in a premium listing of London Stock Exchange (LSE) has been celebrated. The official event was attended by MamukaKhazaradze, chairman of Supervisory Board of TBC Bank, representatives of the banks, Dimitri Kumsishvili, minister of Economy and Koba Gvenetadze, president of NBG. “Premium Listing for TBC Bank …

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SES Unveils Tactical Surveillance and Communications Solution To Help Address Global Security Threats

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SES S.A. today introduced a fully integrated portable surveillance and communications solution designed to provide enhanced situational awareness for border security, special event monitoring and disaster response missions around the world. Tactical Persistent Surveillance (TPS), SES’s first Government+ product offering, is a highly portable solution capable of quick global deployment …

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