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Monthly Archives: December 2017

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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Bureaucratic Expenditures to Shrink by 25%

Bureaucratic expenditures will be cut by 25% for the next 3 years, Minister of Finance Mamuka Bakhtadze noted. As a result, Government’s savings will be enlarged to 6.5% in GDP by 2012, up from 2.6% of 2016. “If we discuss government positions, we should analyze the current achievements in this …

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Silk Road Group to Build One More Hotel in Tsinandali

Apart from hotel Radisson “Silk Road Group” will build another hotel in Tsinandali. George Marri, head of the Silk Road Group’s Real EstateDevelopment Project, said at Business Morning, that it will be an economy class hotel. According to Giorgi Marri, the hotel will be 70-room and if Radisso attracts a …

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Government to Develop State Investments Management System

State investments management system will be introduced in 2018, Minster of Finance Mamuka Bakhtadze noted when delivering speech before Parliament of Georgia. He made emphasis on importance of state investment management system and noted that in midterm period a full cycle of investment projects management will be shaped. “State investments …

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Tbilisi Mayor Introduced Investment Projects to Businessmen

Tbilisi Mayor Kakha Kaladze introduced investment projects to members of Business Association of Georgia. Kaladze told reporters after the meeting that Old Tbilisi historical part rehabilitation project is also included in the presentation for the private sector. “This is a vitally important project for our city, because we have a …

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Waste Management Inaugural Project Underway

Waste management inaugural project will be implemented on several streets in Tbilisi. The information was unveiled at the Tbilisi government meeting. Tbilisi Vice Mayor Maia Bitadze noted that the inaugural project has been prepared and wastes disposal will be carried out under the new scheme at night. The list of …

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