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Daily Archives: May 25, 2017

Georgia Implements 146 New Renewable Energy Projects

Renewable energy

Georgia is implementing 146 new renewable energy projects with a total installed capacity of 5,358 MW, according to the updated document published by Georgian energy ministry May 24. The total cost of the projects will reach $8.79 billion. Annual generation capacity of new projects is expected at 19,943 GWh. About …

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International Bank of Azerbaijan to Sell Georgian Assets by the End of 2017

International Bank of Azerbaijan (IBAR) plans to withdraw from Georgian market. The Bank launched operation in Georgia in November 2006. According to Azerbaijani ABC.az news agency, under the international debts restructuring plan, IBAR plans to sell its assets in Georgia and Russia. Presentation sent by IBAR to creditors indicates that …

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Singaporean Investors Plan to Open Hotels in Every Region of Georgia

Davit Saganelidze

Singaporean companies have showed interest in constructing brand hotels in Georgia, David Saganelidze, director of Partnership Fund of Georgia, told a news conference after he met with representatives of Hyland Holdings Pte Lrd and Shenzhen Futao Sheng Industry Co. Ltd in Singapore. “They are interested in building hotels in Georgia. …

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Small Planet Airlines to Launch Warsaw-Batumi-Warsaw Direct Flights

On May 26 Small Planet Airlines will launch Warsaw-Batumi-Warsaw direct flights. The airline will perform flights by Airbus A320m planes Sundays. The information was unveiled by TAV Georgia, Batumi International Airport managing company.  Lithuanian airline Small Planet Airlines has been performing flights to various cities of Europe since 2008. The …

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