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Daily Archives: June 15, 2018

Mamuka Khazaradze Meets with ADB President

Takehiko Nakao, president of Asian Development Bank (ADB), has met with Mamuka Khazaradze, chairman of TBC Bank’s supervisory board. Members of ADB delegation and representatives of TBC Bank’s top management have also attended the meeting. At the round-table meeting, the Parties discussed details of cooperation between ADB and TBC Bank …

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Georgian Citizens Can Travel Montenegro Visa Free

From June 15, Georgian citizens can travel to Montenegro without visa, Ministry of Foreign Affairs of Georgia announced. Georgian nationals with biometric passport can travel visa-free Montenegro Area and stay for 90 days in any 180-day period. Montenegro is a Balkan country with rugged mountains, medieval villages and a narrow …

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Only 15% of Population Use Private Medical Insurance Service

Only 15% of population use private medical insurance. According to the information published by Insurance Supervision Service, in the first quarter of 2018, a total of 554 070 citizens owned insurance policy, up 14 885 policies year on year. In whole, the insurance companies attracted about 90 million GEL in …

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Nikora Trade to Issue 30 million GEL Bonds

Nikora Trade to Issue 30 million GEL Bonds

Nikora Trade will issue bonds of 30 million GEL. The information was unveiled at the presentation of TBC Bank’s capital research work – Bond Market in Georgia. TBC Capital will ensure issuance of bonds. Nikora Trade director Irakli Bokolishvili told BM.GE that bonds will be issued no later than early …

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Average Hotel Prices in Georgia

The 3-star, 4-star and 5-star hotel price index increased by 2% in May 2018 compared to April 2018, PMC research reports. For guesthouses, the price index decreased by 1.8% in May 2018 compared to April 2018; According to Airbnb, in May 2018, looking at the self-governing cities of Georgia the …

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Real Estate Market Highlights in Georgia

The GEO real property market grew by 0.1% (QoQ) in Q1 2018, in comparison with Q4 2017. The annual increase was more pronounced at 27.2% (YoY), in comparison with Q1 2017. TBS, with a 41.6% share in total sales in Q1 2018, dominated the GEO real property market. The TBS …

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Hydro Power Plant Construction Works Underway in Lakhami

Turkish construction company Synergy has been constructing the Cascade of Lakhami 1 HPP and Lakhami 2 HPP in Svaneti. The project has been developed by Energy Solution company. Energy Solution director Giorgi Abramishvili told BM.Ge that installed generation of the mentioned facility is 16 megawatts and investment value makes up …

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Takehiko Nakao President of Asian Development Bank Visits Georgia

President of Asian Development Bank, Mr.Takehiko Nakao visits Georgian capital Tbilisi. Mr.Nakao met with ex minister of finance of Georgia Mamuka Bakhtadze yesterday and the president of National Bank of Georgia, where parties discussed current and upcoming projects, evaluated success of cooperation and talked about ADB’s importance on Georgian economy. …

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EU Re-affirms Commitment to Georgia at Georgia’s European Way Conference

On 14-15 June, the Georgia city of Batumi is hosting the 15th annual “Georgia’s European Way’ conference. Attended by senior officials from the country and the EU, the event offers a platform to highlight close ties between the EU and Georgia. Speaking at the conference’s opening session, Christian Danielsson, European …

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Georgian Wine Tasting Held in Portland and San Francisco

Georgian wine tasting-seminar was held in Portland, USA. The event was organized by July Peterson, head of the National Wine Agency contractor marketing company “Marq Energie Consulting”. The event was attended by up to 40 wine professionals – importers, distributors and media representatives. In several US cities Georgian wine tasting-presentations …

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