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Daily Archives: March 16, 2018

AYFB: Developments around RMG Gold Give Negative Signal to Investors

Association of Young Financiers and Businessmen (AYFB) expresses confusion regarding the recent developments around RMG Gold. Namely, 13 political parties demand for abolishing auction for 16 hectare land nearby LLC RGM Gold in the village of Didi Dmanisi. According to representatives of these political parties, this is an illegal auction …

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Oil Products Turnover Declines at Batumi Seaport

Transportation of oil and oil products at Batumi Seaport has almost halved (-49%) in January-February 2018,the seaport operator KazMunaiGas reports. The seaport management has specified reasons of this declination, however, the state company of Kazakhstan noted that certain volume is transported by Baku-Tbilisi-Ceyhan pipeline. According to Reuters, 202 322 tons …

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Terminal – New Multifunctional Co-working Space in Tbilisi

Terminal is a new multifunctional space that unites co-working space, offices for small companies, conference and event halls. ”Co-working spaces have been operating in Western countries for years and are considered a very successful business. In recent years, this industry has begun to develop in Eastern European countries. Two years …

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EU Launches Market Surveillance Project in Georgia

This week, the European Union launched a new twinning project in Georgia to help the country strengthen its market surveillance system. The objective of the project is to assist the Government of Georgia to comply with EU best practice in line with the objectives contained in the EU/Georgia Association Agreement …

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Azerbaijan to Invest Huge Funds in Railway Development until 2022

Azerbaijan’s investments in the development of railways will be about $5 billion in 2010-2022, Deputy Head of Azerbaijan Railways CJSC Hijran Valehov said at the first conference of the Silk Road Support Group of the OSCE Parliamentary Assembly in Baku March 13. He noted that the freight turnover between the …

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Review of EU-supported Agriculture and Rural Development Initiatives

EU-funded and supported agricultural and rural development programmes in Georgia, including wine sector reform initiated by the Food and Agriculture Organization of the United Nations (FAO) under the European Neighbourhood Programme for Agriculture and Rural Development (ENPARD), were the main topics of discussion during the high-profile meeting held on 14th of …

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International Bank of Azerbaijan to Withdraw from Georgian Market

International Bank of Azerbaijan (IBAR) plans to withdraw from Georgia. The bank will close several affiliate banks, including in Georgia and Moscow. The controlling interest of IBAR is owned by Government of Azerbaijan. IBAR launched operation in Georgia in 2017 as International Bank of Azerbaijan – Georgia. IBAR finished the …

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Most High-Income Clinics in Georgia

As of today, the largest supporter of the medical business is the state budget, accordingly, we offer the top ten of clinics that have received the most funding of the state healthcare program. See the list of clinics together with the funding received within the program. 1.”Geo Hospitals Ltd” – …

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EU to Support Economic Development in Gory Municipality of Georgia

The Gory municipality of Georgia will benefit from a new project launched this week within the EU-supported Mayors for Economic Growth (M4EG) initiative. The 28-month long project will aim to make improvements to tourism infrastructure and support the restoration of parks and exhibition halls in the city center, as well …

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