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Daily Archives: December 14, 2017

The largest Number of Domestic Visits comes to Tbilisi Adjara and Imereti

In the third quarter of the year, the largest number of domestic visits was in Tbilisi. According to the statistics office, 21% visited Tbilisi, 16,5% Imereti and 15,9% Adjara. Overall amount of visits divided between Kakheti-6.6%, Samegrelo Zemo-Svaneti- 8.4%. The lowest visit was recorded in Guria and Racha-Lechkhumi. As for …

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Competition Agency Agrees on Concentration of Alta and MetroMart

On October 18, 2017 Competition Agency of Georgia received an application for concentration of LLC Alta and LLC MetroMart. For the purpose of exploring the current situation on the market and taking optimal decision, Competition Agency requested and received information from various state offices (Geostat, Revenue Service) and other economic …

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TCRC: Further Measures are Required by the State to Attract Additional Cargo

TCRC: Further Measures are Required by the State to Attract Additional Cargo

Georgian Railway’s tariff changes are not enough to attract additional cargo, – the Transport Corridor Research Center says and considers that it is necessary to take further measures by the state, even at the legislative level, including introduction of a code “on Transit Promotion”. According to the organization, 14 amendments …

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Kazakhstan to Restructure Georgia’s Debt

The Senate of the Parliament of Kazakhstan ratified the agreement on restructuring Georgia’s debt to Kazakhstan. Finance Minister of Kazakhstan Bakhyt Sultanov, addressing a plenary session of the Chamber of Senate, recalled that the agreement was signed on June 13, 2017. “The debt of Georgia to Kazakhstan is more than …

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The Level of Domestic Tourists’ Satisfaction has Increased

The Level of Domestic Tourists’ Satisfaction has Increased

The level of domestic tourists’ satisfaction has increased. According to Sakstat, 49.1% of domestic tourists are satisfied with travel in the third quarter. This figure was 48.5% in the second quarter, while 48.9% in the third quarter of the last year. To note, 36% of respondents (33.2% and 33.9%) is …

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Directors of TBC Bank Sold Shares on the LSE

Directors of TBC Bank Sold Shares on the LSE

Directors of TBC Bank have traded 7500 shares on the London Stock Exchange. Paata Gadzadze sold per share at 16.35 GBP. Total volume of the shares amounts to 3 000 (49,050 GBP), while Giorgi Shagidze alienated per share at 16.254 GBP, toting up 4 500 shares (73,143 GBP). TBC Bank …

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UEFA Standard Stadium Construction to Begin in Batumi

“Anagi” Ltd winner of the tender will build Batumi stadium. Sulkhan Khalvashi, director of “Stadion” Ltd and Irakli Gogolishvili, Director of “Anagi” Ltd signed the document. “This is a truly historic agreement and I would like to congratulate all of us this important day,” said the Minister of Finance and …

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PSP to Insure Parliament’s Vehicle Fleet

PSP to Insure Parliament's Vehicle Fleet

PSP company will insure the vehicle fleet of Parliament of Georgia. PSP has won the state tender. Presumable value of the deal was 215 000 GEL, while the company offered to insure 94 vehicles for 189 000 GEL. PSP will provide insurance service for the Parliament’s vehicle fleet from January …

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Investor to Spend 100 million USD on Rose Square Development

100 million USD will be invested in the Rose Square development, Giorgi Mari, head of Silk Road Group’s real estate projects development, told the Business Morning program. Since 2007 Silk Road Group has invested 200 million USD, he said. Starting 2018 construction of a 5-star Telegraph hotel will start in …

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Energo-Pro Georgia – Purchasing Electricity got Expensive

“Energo-Pro Georgia” plans to invest 230 million GEL in electricity distribution network over the next three years, while in generation units – 44 million GEL. “The second issue is – the company’s expenses has increased in many directions, most importantly electricity prices got higher due to GEL devaluation. There are …

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