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Monthly Archives: December 2016

Georgia Healthcare Launches Ambulatory Cluster In Tbilisi

Private healthcare provider Georgia Healthcare Group PLC on Friday said it has launched a new ambulatory cluster in the Georgian capital of Tbilisi. The cluster is located in the Didi Digomi neighbourhood and covers a population of around 140,000. It will provide a wide range of outpatient services, including general …

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Georgia-Armenia New Transmission Line Construction Works to Start in 2016

Construction of a new transmission line between Georgia and Armenia will start in 2017 as part of North-South energy corridor, Aik Arutunian, Minister of Energy of Armenia said. “At the first stage, electricity transmission between Georgia and Armenia will be 350 megawatts. The volume will increase to 750 megawatts in …

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MIGA Guarantee for TANAP to help Draw in Commercial Banks

MIGA Guarantee for TANAP to help Draw in Commercial Banks

The board of the Multilateral Investment Guarantee Agency (MIGA) has approved a guarantee for up to $1.2 billion for the Trans-Anatolian Natural Gas Pipeline (TANAP) project, a source in MIGA told Trend Dec.30. “The guarantee is expected to help draw in commercial banks that will contribute to long-term financing needs …

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Large Business About Negative Events Occurred in 2016 – Initiatives That Have not Met the Expectations of Businessmen

businessbusiness

The excise tax increase, labeling for  soft drinks, seasonal tax for tourist business – it’s a small list of the government’s initiatives or unfulfilled promises which more or less caused trouble to the large businesses. Nevertheless, the businessmen interviewed by  “Commersant” can’t name  specific factors which hindered  the development of their …

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National Bank to Locate Four Official Exchange Rates

National Bank will locate four official exchange rates. On the main page, Turkish Lira and British Pounds will be added to the exchange rates of USD and Euro. At the same time, considering growth of micro finance organizations activities in Bloomberg trade system, Georgian National Bank will consider the commercial …

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PM: We have Created 154 New Agriculture Enterprises and Expanded 700 Ones

Giorgi Kvirikashvili

In 2017 Agara-Zemo Osiauri and Zestaponi-Kutaisi road, Kobuleti bypass road construction works will end, Prime Minster Giorgi Kvirikashvili told the government meeting on December 29. In 2017 Works will start in the following key directions – Zemo Osiauri-Chumateleti, Samtredia-Grigoleti, Batumi bypass road, Khulo-Zarzma road, Baghdati-Abastumani, Zemo Imereti-Racha, Tusheti and Khevsureti …

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Giorgi Chogovadze: Georgia is Attractive Tourism Country, where One In-demand Destination Replaces Another Due to Seasons

Chogovadze

As a result of successful marketing campaigns in 2016, quantity of international visitors and tourists has registered record figures. Giorgi Chogovadze, head of National Tourism Administration of Georgia, noted that over the past period, number of business trips increased in Georgia thanks to significant campaigns carried out in the country.  …

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