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Monthly Archives: October 2018

Sakaeronavigatsia to Buy New Helicopter at 2.5 million EUR

Sakaeronavigatsia plans to buy a new helicopter at 2.5 million EUR. The company asks for admitting simplified procurement procedures. The substantiation, that the company has submitted to the Procurement Agency, reads that additional helicopter is required to ensure operative service of navigation systems. Because of complicated landscape of Georgia, one …

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Investment in Income Generating Properties with 10% Annual Yield – Colliers International Georgia’s New Product

Colliers International Georgia offers new investment products – investment in rented real estate. People interested in investing in the income generating property will have the opportunity to invest in a commercial or long-term lease contract on premium locations. Today, investing in real estate, particularly in offices and commercial spaces, is …

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Food & Wine Magazine Catalogued Georgian Wine Places in USA

American Food & Wine magazine in a recent issue answers the question “Where to drink Georgian wine in America?” An article under this title, authored by Vicki Denig, reads: “Whether amber colored skin-contact wines pique your interest, or a Merlot-based Saperavi blend [what’s that? – HN] sounds more your style, Georgian wine …

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TBC Bank bought BONACO MFO

TBC Bank has bought assets and liabilities of BONACO MFO. According to the Ntional Bank of Georgia (NBG), the portfolio was purchased  via the auction held on October 29. After the signing of the relevant agreement, JSC TBC Bank will provide uninterrupted service of creditors and debtors of microfinance organization …

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National Bank: New Regulations will not Take Effect on November 1

New regulations proposed by the National Bank of Georgia (NBG) will not take effect on November 1, the NBG officials told BM.GE. At this stage, the central bank is discussing technical details to determine the new date for enforcing the new instructions on retail crediting. At the same time, the …

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Second Round of Presidential Elections to be held on December 2

The second round of elections will be held on December 2, – Chairwoman of the Central Election Commission Tamar Zhvania said at the briefing today. According to Zhvania, the final results of the elections will be published within 20 days, after which the second round will be held in 2 …

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Turkey’s Largest Airport to be Opened in October

Turkish president Recep Tayyip Erdogan is opening what he claims will eventually become the world’s largest airport on the 95th anniversary of Turkey’s establishment as a republic. Tens of thousands of workers have been scrambling to finish the airport to meet Mr Erdogan’s 29 October deadline. However, its launch on Monday is symbolic with only limited flights beginning days later …

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Draft Law of 2019 State Budget Under Discussion

THE DRAFT LAW OF 2019 STATE BUDGET IS UNDER The Government of Georgia submitted to the Parliament the preliminary version of the draft law on 2019 state budget of Georgia. The budget project is planned in accordance to basic scenario of 4.5% real GDP growth. Receipts in the 2019 state …

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