Daily Archives: September 26, 2018

There is No Problems with Excessive Debts on the Market

Today there is no problem with excessive debts on the Georgian market, Archil Bakuradze, head of the supervisory board of Crystal microfinance organization told BM.GE. The sector needs reasonable regulations, however, in case of maximum restrictions, new threats will arise on the market, he said. “Number of insolvent clients and …

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Capital Renovation of 6 Subway Stations is planned

Tbilisi Transport Company plans to repair capital’s 6 metro stations. These are: 300 Aragveli, Marjanishvili, Nadzaladevi, Rustaveli, Freedom Square and Isani. The Ministry allocated 770 thousand GEL to ensure that the tender winner company will prepare the project’s cost estimate documentation of these stations. According to the plan, complete rehabilitation …

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EBRD to Fund Kheledula HPP Construction

EBRD to Allocate 28 million EUR for Enguri HPP Rehabilitation

The European Bank for Reconstruction and Development will finance the construction of Kheldula HPP with $ 30 million. Investment cost of the project is 87 million dollars. The EBRD clarifies that the project will help to reduce carbon intensity in Georgia and will partially meet the growing demand for the …

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