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Yearly Archives: 2018

Telavi Hosts Kakheti Region Children Football Tournament for M2 Cup

On June 21, 2018 Telavi hosted children football tournament organized by m2 Real Estate company and Telavi football club. A total of 8 football teams of 11-12 year soccers took part in the m2 Cup Tournament, including Telavi, Akhmeta, Kvareli, Gurjaani, Lagodekhi, Sighnaghi, Sagarejo and Dedoplistskaro teams. The tournament was …

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Partnership Fund Takes over 100% Stake in Borjomi-Likani International

Partnership Fund of Georgia has taken over a 100% stake in Borjomi-Likani International. Partnership Fund and LLC Kazmunaigas-Service signed official document on commercial agreement at Borjomi Likani hotel. According to the official document, Partnership Fund was handed over 100% stake of LLC KMG-Service Georgia founded by Kazakh company KazmunaiGas – …

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ADB Ranked First on Aid Transparency among Development Organizations

The Asian Development Bank (ADB) ranked first in the 2018 Aid Transparency Index (ATI), an independent measurement of aid transparency spearheaded by British nongovernment organization Publish What You Fund, launched today at the Brookings Institution in Washington, D.C. This is the first time that ADB ranked No. 1 in the ATI, which …

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Vera Kobalia Becomes SandStorm Director

Vera Kobalia, the former Economy Minister of Georgia, has become a director of Sandstorm, which finances companies seeking capital for gold mining. Sandstorm receive yields from the mined products. Sandstorm’s portfolio unites 184 royalties. In the future the company plans to expand the portfolio. The company was founded in 2008.

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Local Action Groups Attended LINC Conference in Finland

On 11-15 June 2018, representatives of EU’s partner organisations – Mercy Corps, CARE and People in Need – implementing the EU-funded ENPARD project “Strengthening Rural Development Models in Georgia” and the members of EU-supported Borjomi, Lagodekhi and Kazbegi Local Action Groups (LAGs) participated in Leader Inspired Network Community, LINC Conference …

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Commissioners Hahn and Gabriel in Belarus to participate in the Eastern Partnership Informal Dialogue

Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahn and Commissioner for Digital Economy and Society Mariya Gabriel will be in Minsk, Belarus, on 21-22 June to participate in the 10th Eastern Partnership Informal Partnership Dialogue. They will discuss cooperation within the “20 Deliverables for 2020” following the Eastern …

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BSTDB’s Local Currency Loan to TBC Bank Helps Georgian SMEs

The Black Sea Trade and Development Bank (BSTDB) provides a 120 million Georgian Lari loan (equivalent of USD 50 million) to TBC Bank to finance investments and working capital needs of Georgian small and medium-sized businesses (SMEs). This is the second local currency SME facility that BSTDB extends to TBC …

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Eighteen New Hotels Open in Georgia From January

Since January 2018 eighteen new hotels launched operation in Georgia, including 7 branded hotels. According to National Tourism Administration, as a result, the country has acquired 1624 beds and 812 suites in addition. The major one Stamba hotel comprises 205 suites and 400 beds, Ramada Encore Tbilisi comprises 152 suites …

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Georgia Wins #EU4Energy Photo Competition

The winner of the #EU4Energy photo competition “Sustainable energy around you” is Ioseb Dzamukashvili from Georgia. The winning picture shows Ioseb and his friends in the countryside in Georgia with wind turbines producing green energy in the background. “We should not spoil the planet to produce energy. Nature can provide …

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