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Daily Archives: November 27, 2017

170 Mln USD to Be Invested in Tekhuri HPP Cascade Construction

The Ministry of Energy in the Samegrelo-Zemo Svaneti region has announced the  interest in conducting, building, owning and operating of Tekhuri cascade. Expressions of interest were announced on the basis of JSC “Tekhuri Energy” application. The installed capacity of “Tekhuri Cascade” is 112.39 MW, and the estimated annual output is …

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Who Will Participate in Tbilisi Belt & Road Forum?

Tbilisi hosts one of the largest events Belt & Road Forum, gathering more than 2000 participants on November 28. Day 1 will provide opportunities to discuss a full spectrum of issues related to trade in five panel discussions, while Day 2 will focus on private sector dialogue and investment opportunities …

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Passenger Turnover Between Ukraine and Georgia Might Be Possible by IDs

According to Prime Minister of Georgia, Giorgi Kvirikashvili, Passenger turnover between Ukraine and Georgia might be possible by IDs. “I would like to point out the strategic partnership of our countries, which, in addition to the close, friendly interpersonal relationships, is based on our common interests and striving to be …

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New Hotel to Launch Operation at Toidze Art School

The building of former Toidze Art School has been set out for sales as part for the Fifty Properties for Your Hotel project. National Property Agency started the auction on November 22 and will close on December 21. The starting price of the property is 8.200mln GEL. The winner must …

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Interest Rates on GEL-denominated Loans Rises by 1%

In October 2017, as compared to September 2017, GEL-denominated loans portfolio in the banking sector rose by 153mln GEL, while foreign currency denominated loans shrank by 2mln USD. In both cases, commercial banks have issued 20.7bln GEL loans and this is a record figure. In October, the annual interest rate …

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SOCAR Buys Natural Gas from Gazprom

“We buy natural gas from foreign countries too, including from Russia”, SOCAR PR office representative Ibrahim Ahmedi told APA news agency. The purchased natural gas is sold either on both domestic market or is re-exported to foreign markets, he said. We remind you that Gazprom and SOCAR agreed on gas …

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