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Daily Archives: June 15, 2017

Qartli Wind Farm Produced 3 Million kWh More Energy than Predicted

Qartli Wind Farm estimation has been completed and it will be exhibited on the electronic auction in the nearest future. Auditing company BDO has already issued the estimation of Qartli Wind Farm, forbes Georgia reports. Georgian Energy Development Fund explained that official document has already been presented to the government. …

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VTB Bank Increased Portfolio of Preferential Agriculture Loan by 14%

VTB Bank Increased Portfolio of Preferential Agriculture Loan by 14%

VTB Bank increased portfolio of preferential agriculture loan by 14% from early this year. According to the bank, 75 projects are funded as of June 15 with a total volume of 8 million GEL. Mamuka Kvaratskhelia, head of Project Management Agency notes on the motivation of banks with state co-subsidizing …

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TELASI Records Major Rise in Profits over Past 5 Years

Over the past 5 years JSC TELASI recorded a major rise in profits. In 2016 the company’s net profits marked 38.8 million GEL. In 2015 the figure totaled 6.5 million GEL, in 2014 – 27 million GEL, in 2013 – the company losses made up 37.8 million GEL, while in …

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Second Tourism and Hospitality Conference within the Welcome to Georgia

National Tourism Awards 2017 On June 14th  Second Tourism and Hospitality Conference within the Welcome to Georgia. National Tourism Awards 2017 was held at the exhibition center Expo Georgia in Conference Hall of Pavilion ІІІ. The Conference was co-organized with Georgian National Tourism Administration and was supported by Ministry of …

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Winery Khareba to Open Hotel in Kazbegi

Winery Khareba is planning to open a hotel on the way to Trinity Church in Kazbegi. They declared in the company that the construction is practically completed and there are currently trying to locate necessary equipment in the hotel. The hotel will be officially opened in about a month. According …

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Role of the Tourism for Developing Social and Economic Conditions

Tourists in Tbilisi

For any country, one of the most important goals is to increase economy which means to produce more and more high-quality products and services. To say in other words it means higher level of living. Naturally, economic increase is achieved by effective use of the existing resources. Georgia is a …

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