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Monthly Archives: December 2016

Achievements and Challenges in Georgia’s Power Sector in 2016

power sector

The current year was one of the most important periods for Georgian power sector. 2016 year has faced many challenges, however currently energy sector has to deal with many other obstacles. Developed power sector preconditions social and economic welfare. Consequently, main objective of energy strategy  is to provide safe, clean …

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The Ministry of Environmental Protection to Expand Kazbegi National Park

The Ministry of Environmental Protection is going to expand Kazbegi National Park. The minister of Environment and Natural Resources Gigla Agulashvili talked about expanding the park at “Raddison Blu Iveria”. The meeting was organized by the protection territories agency and consultation group GFA and financed by German government in the …

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Development Business – Positive and Problematic Year of 2016

Development business

The year of 2016 has brought quite positive results for Georgian development business. Despite GEL depreciation created certain problems, the field representatives appraise the current year as a quite attractive and active period in terms of sales and many other aspects. Though, there were a lot of problems too, but …

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TBC Bank Abolishes Shares Alienated from BNYM

TBC Bank Abolishes Shares Alienated from BNYM

TBC Bank pals alienation and abolishment of own shares from Bank New York Mellon (BNYM). The decision is adopted after the expiration of deposit agreement program with BNYM. TBC Bank Group, holder of TBC will alienate the remained 94 553 shares. The shares will be abolished after the finish of …

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Teliani Valley to Increase Competition on the Beer Market

Teliani Valley to Increase Competition on the Beer Market

Global Beer Georgia, subsidiary company of Teliani Valley, will also receive a grant of €73,000 to introduce energy efficient technologies from the EBRD’s FINTECC programme, co-funded by the Global Environmental Facility (GEF). The grant will go towards the construction of a CO2 recovery plant which will capture the carbon dioxide …

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The First AgroHub Market to Open in Georgia

The first Agro Hub market was opened in Tbilisi and its investment costs amount to 15 million GEL. Market is located in Tbilisi on N22 of Marshal Gelovani street. According to the information of Tbilisi city hall, the mayor of Tbilisi, Davit Narmania, the minister of Agriculture, Levan Davitashvili, the …

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TBC Bank Poster “Hello” to be Among the Best 200 Digital Works

Georgian artist, Abesalom Kavelashvili created a poster “Gamarjoba” for TBC bank and it was included in the list of 200 best digital works in the world and was printed n the prestigious Luerzers Archive publication „ 200 BEST Digital Artists Worldwide 2017/2018″ . Georgia was included in this publication for the first time. …

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Georgian Companies Adopt Women’s Empowerment Principles

A conference took place in the hotel “Tbilisi Marriott” organized by the UN Women and the NGO “Civil Development Agency” (CiDA), which represents the Georgian Network for the UN Global Compact. The conference was dedicated to the gender equality issues in the business sector in Georgia. Representatives of the business …

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Georgian Made Hail Protection Appliance to Export to Moldova

“DELTA”, an appliance for hail protection is ready to be exported to Moldova. The negotiations concerning the export are already at the final stage. “We are ready to provide them with the service and we are waiting for the final answer. We gave them full information. They know our conditions …

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Fees Will be Increased to Gambling Business from January 1

Fees Will be Increased to Gambling Business from January 1

Fees will be increased to gambling business from January 1. The government based on the analysis of previous years’ revenues, forecasts budgetary increase by 20 million for local governance units. The fee will be set from 20 000 GEL to 40 000 GEL in quarter for each casino table by …

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