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Daily Archives: June 6, 2017

Georgian-Finnish Business House to Open in Tbilisi

For the first time in Georgia, Georgia-Finnish business forum was held. The event was organized by EU-Georgia Business Council. Deputy Economy Minister Genadi Arveladze updated the guests on Georgia’s business environment. Representatives of Agriculture Ministry of Georgia and Georgian business circles also talked about business opportunities in Georgia. The participants …

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EBRD Reduces Stake in TBC Bank Group

After successful establishment of Georgia’s leading bank on the London Stock Exchange. The EBRD has today reduced its stake in TBC Bank Group PLC, Georgia’s largest bank, through a sale of 1.9 million or 30 per cent of its shares. TBC Bank was successfully listed on the London Stock Exchange in …

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Building an Export-grade Power Distribution Grid in Georgia

New high-voltage facilities like the Marneuli 500 kV substation near Tbilisi are preparing the ground for Georgia’s planned boost in hydropower generation and green energy exports to neighboring countries. Georgia’s power development plan includes 60 energy transmission projects across the country over 10 years. Hydropower provides more than 80% of the country’s electricity. And …

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TBC Leasing Offers Online Auto Loan

TBC Leasing Offers Online Auto Loan to Physical Bodies

TBC Leasing plans to introduce a new bank product called as Starto. The product enables people to buy desirable automobiles in online regime, without leaving their homes. TBC Leasing will hold a presentation of the new product at TBC Gallery (Mardjanishvili Street N7, 4th Floor) at 12 o’clock on June …

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BGEO to Start Construction of MestiaChala1 and MestiaChala2 HPPs

BGEO company plans to start constructing MestiaChala1 and MestiaChala2 hydro power plants (HPPs). MestiaChala power station will be constructed in Skhvaneti and will generate 50 megawatt power. The project’s investment value is 65 million GEL. Official ceremony of inauguration of construction works will be attended by Minister of Energy Kakha …

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May Recorded 101% Upturn in Kutaisi International Airport Passenger Turnover

May Recorded 101% Upturn in Kutaisi International Airport Passenger Turnover

Passenger turnover at Kutaisi International Airport has risen by 101% in May 2017, Kutaisi International Airport management reports.  Namely, Kutaisi International Airport handled 38 649 passengers in May 2017, as compared to 19 259 passengers in May 2016. According to the airport management, passenger turnover increased in April too. Namely, …

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