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Monthly Archives: November 2017

Tickets of Georgian Railway are Now Available on Mobile Application

Georgian railway launched ticket realization through mobile application. Application is compatible for IOS, Android and Windows platforms. Purchasing a travel ticket is a simple process through mobile application: One should choose the preferred direction on the first page of the application, departure and return dates. On the second page, the …

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Georgia Should Be Important Player in One Belt One Road Initiative

According to the president of TBC Bank, Georgia should become important player in the Silk Road initiative, bm.ge reports. Today Tbilisi hosts highly important forum which takes places for the second time. This once again underlines the fact that Georgia is an important player for One Belt One Road initiative. …

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Colliers International Georgia named as Best Consulting Company of the Year at Eastern Europe Real Estate Awards 2017

Colliers International Georgia named as Best Consulting Company of the Year at Eastern Europe Real Estate Awards 2017

Eastern Europe Real Estate Forum and Awards 2017 was held on November 23rd in Kiev, Ukraine. EEA forum hosted 250 guests from the region, including developers, real estate experts, investors and representatives of financial institutions. The Forum is a commercial real estate event that includes member from Azerbaijan, Belarus, Georgia, Kazakhstan, …

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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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