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Daily Archives: June 27, 2017

Four Alternatives are Discussed Linked to Kutaisi Airport Railway

Four Alternatives are Discussed Linked to Kutaisi Airport Railway

Georgian Railway has submitted a report on Environmental Impact Assessment (EIA) for effective contact with Kutaisi Airport Railway, which public reading will be held on August 11 at Kutaisi Airport. For the convenience of passengers, the EIA report provides 4 alternatives of the project and recommendation is given for the …

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Germany’s NO.1 Business Location- New Opportunities in North Rhine-Westphalia

The economic development corporation, NRW.Invest, which conducts international marketing of Germany’s No.1 investment location North Rhine-Westphalia (NRW), has paid visit to Georgia’s capital city Tbilisi. Aim of the visit is Georgia’s participation in the “One Road – One Belt” initiative of the Chinese government which creates new challenges and opportunities …

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Georgian Wines Win Golden Medals at International Contest in Poland

Kisi 2015 (white dry) and Mukuzani 2015 (red dry), wines manufactured by Megvineoba Shilda company, have won golden medals at GALICJA VITIS 2017, international wine contest in Krakow, Poland. The mentioned contest is held under the aegis of International Organization Vine and Wine (OIV). Georgian representative was represented in the …

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TBC Bank Announces about New Issuance at London Stock Exchange 

TBC Bank Announces about New Issuance at London Stock Exchange 

TBC Bank has announced about an issuance of new shares at London Stock Exchange (LSE). The bank has already released a statement for foreign investors.  The statement reads that TBC Bank has already submitted 102 121 new ordinary shares to LSE. The bank has requested a placement in the premium-segment …

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ProCredit Bank’s Profitability Remains Stable

ProCredit Bank's Profitability Remains Stable

ProCredit Bank’ profitability remains stable. As of June 1, 2017 Return on Equity (ROE) made up 7.44%  (Q1/2017 – 7.44%); Return on Assets totaled 1.06% (Q1/2017 – 1.06%). The Bank has moved to the 11th position  with a 1.6% ratio in the banking sector profitability. Assets 1 242 520 000 …

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Liberty Bank Supports New Sports Events in Tbilisi

Liberty Bank Supports New Sports Events in Tbilisi

A 5-kilometer run called as Tbilisi Runs for Heroes was held at Lisi Lake. The event was organized with support of Liberty Bank.  Any citizen could participate in the Run that was held in remembrance of heroes fallen for territorial integrity of Georgia. Funds raised from the Charity Run will …

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Construction of Zestafoni-Kutaisi Bypass Road Completed

From today, Zestafoni-Kutaisi bypass 15.2 km road will be fully commissioned. Under the project, a 4-line highway with concrete reinforcement cover has been built in 15.2 section, as well as 9 parallel bridges, 2 road junctions, 5 pedestrian bridges, underground tunnels and water channels of concrete reinforcement material. The construction …

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Islands of Integrity – Black Sea Countries Join Hands to Fight Corruption

Anti-corruption practitioners and representatives of local governments, civil society and international organizations from Georgia, Moldova, Turkey and Ukraine are taking part in the 2nd Regional Meeting of the Anti-Corruption Professionals Network at the Black Sea on June 26, 2017, in Kutaisi, Georgia. Municipality of Kutaisi is the first local governance entity in …

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