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Daily Archives: October 2, 2018

Urban Art Festival Fabrikafitti 2018 takes Places this Weekend

Urban Art Festival – Fabrikafitti 2018 will be held this weekend starting from October 6, 12 PM to October 7th, 8PM at Fabrika. See the agenda below: 6 October (Saturday) 12:00 – 20:00 Painting the Walls / Fabrika 18:00 – 19:00 Martha Cooper and Nika Kramer public talk – Evolution …

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Omnibus Express Started to Transfer Passengers to Kutaisi Airport

Besides GEORGIAN BUS, the transport company OMNIBUS EXPRESS will also serve passengers from Kutaisi Airport, Tbilisi, Batumi and Kutaisi. OMNIBUS EXPRESS has already completed the first ride from Tbilisi to Kutaisi International Airport for passengers. According to the Georgian Airports Association, rides from Tbilisi to Kutaisi International Airport will be …

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Bodorna HPP Launches Operation

Bodorna HPP construction works have been finished in the village of Bodorna, Dusheti Municipality. Installed generation of the HPP is 2.5 megawatts and averaged annual generation makes up 15 million kw/h. For construction of the so-called green HPP, Georgian Water and Power has invested 10 million GEL as part of …

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9.9% Growth of Electricity Consumption Expected in 2018

Electricity consumption growth rate was revised upwards by 3ppts for 2018. On August 27, 2018 Ministry of Economy and Sustainable Development updated the forecast of electricity (capacity) balance for 2018. Based on this document, forecast for electricity consumption in 2018 was revised upwards to 13.0TWh, which is 9.9% y/y increase …

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TBC Bank about Okuashvili’s Statement: We Plan to Take Legal Steps

TBC Bank will take legal steps in relation to statements made by businessman Zaza Okuashvili, because the mentioned statementს damage the bank’s reputation, the head of TBC Bank’s legal department, noted. This is very sensitive issue for our bank as it refers to divulging information on the client’s transaction. This …

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AMS Airlines: Disinformation Spread of Us not having Operating License

AMS Airlines responds the story aired on September 30 on Rustavi 2 and explains that the information contained is false. The company describes the dissemination of programme P.S.’s information as if the company does not have the Operating License and allegedly performs the activities in violation of the law. The …

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Tea Lominadze: Having Contacts is an Irreplaceable Tool

Interview with Tea Lominadze, Marketing Director of East Point Why did you decide to enter this field and what opportunities does it give in terms of career growth? I happened to finish school when I was 16, I got in Caucasus University in Marketing direction. I thought back then I …

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FinTech trends in 2018

FinTech (financial technology) is one of the most rapidly developing in the world. Now, is the best time for FinTech. While banks are looking inward, thanks to the 2008 crisis, users are looking at their smartphones, eager to experience the digital financial services offered through MNOs, MVNOs and apps. So …

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Winegrowers Revenues in Kakheti Region Exceeded 244 million GEL

As of October 2, the volume of processed grapes in Kakheti Region exceeded 180 000 tons. Total incomes of farmers exceeded 244 million GEL. According to Andro Aslanishvili, head of the coordination office of the vintage, “this is genuinely record figure. At this stage, the quality of everyday sales has …

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