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Daily Archives: December 9, 2016

The MP Protects the Banks

The MP Protects the Banks

Georgian Prime Minister George Kvirikashvili protects banks and regards, that unproven claims are announced against banking sector in the resent period. “Georgian banking sector is one of the well-developed in our region. We have very important, developed financial institutes and their engagement in the reform process is essential. Any negative …

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Georgia to receive 450 mln EUR from EIB

Georgia to receive 450 mln EUR from EIB

European Investment Bank (EIB) will allocate 450 million Euros to Georgia for the development of road infrastructure, agriculture as a sector and production in agriculture at large. It was noted at the meeting of Mr. Jan Vapaavuori, Vice President of EIB with H.E. Giorgi Kvirikashvili, Prime Minister of Georgia today. …

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The State to Block Adverse Investors With “Golden Share”

The State to Block Adverse Investors With “Golden Share”

“Golden Share” at Anaklia Sea Port gives VETO rights to the state on the most important issues”, – Mamuka Khazaradze explains. The businessman notes, that Anaklia Sea Port is strategic project of regional importance, which will change game rights from China to Europe and “Golden Share” will enable the state …

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EBRD to fund Lukhuni 2 HPP

EBRD to fund Lukhuni 2 HPP

European Bank for Reconstruction and Development (EBRD) has approved construction and operation project of the 17.2 MW Lukhuni 2 HPP. Hydroelectric power plant will be placed on the Lukhuni River near the Uravi village in the Ambrolauri region, northern Georgia. Rustavi Group LLC is a special purpose vehicle (SPV) established …

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Balvanera Announces About the Unprecedented Contribution to Georgia

Balvanera Announces About the Unprecedented Contribution to Georgia

“I should name a record figure – investment of over 3 billion, 800 EUR on per capita”, – regional director of EBRD has announced on the unprecedented contribution to Georgia, which is a respond of important reforms for the second stage of country’s development. Bruno Balvanera estimated excise growth in …

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A New Business Center to Open in Tbilisi

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Prime Minister, Giorgi Kvirikashvili congratulated business association members on opening modern business center equipped with European standards and expressed his hope that it will become a base for interesting ideas and bring more investment in the country and help to fast economic development. “Exactly now, it is a moment, when …

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